03 April, 2013

Market Pulse - 03 Apr, 2013

Wed, Apr 03, 2013 at 16:30 PM
Markets closed negative, amid selling pressure.
Markets after opening almost flat in the morning session remained subdued most of the time till late noon where selling pressure was seen in index heavy weights dragging the markets lower to the days low. Sensex closed down by 239.31 points or 1.26% at 18,801.64 after opening flat down by 6.95 points or 0.04% at 19,034 and touching a high of 19,035.20 and a low of 18,721.72, while Nifty ended down by 75.20 points or 1.31% at 5,672.90 after opening down by 7.90 points or 0.14% at 5,740.20 and touching a high of 5,744.95 and a low of 5,650.10 in the day.
Sectoral wise, barring Healthcare and Power indices which ended marginally up by 0.17% and 0.06%, all other indices closed lower with Realty index leading the list and closed down by 2.68%, followed by Capital Goods, Auto and Metal declining between 2.30%-2% each, Oil & Gas, Bankex, Consumer Durables and PSU indices fell down between 2%-1%, IT declining by 0.91% while FMCG tad down by 0.07%. In broader markets, Mid-cap index declined by 0.81% and Small-cap index fell by 0.41%.
Major stock gainers were, Sun Pharmaceuticals advanced up by 1.54%, NTPC gaining by 0.94%, Tata Power Company up by 0.73% and ITC marginally up by 0.24%.
Major stock losers were, Bhart Airtel slumped by 3.95%, Bajaj Auto and Tata Motors Limited declined by 3.68% and 3.45%, Larsen & Toubro fell by 3.01%, Sterlite Industries, Hindalco Industries, Gail (India), Hero Motocorp, Reliance Industries Limited, Coal India Limited and ONGC declined between 3%-2%, Jindal Steel & Power Limited, Mahindra & Mahindra, Hindustan Unilever, ICICI Bank, State Bank of India, Tata Consultancy Services and BHEL down between 2%-1% each, Tata Steel Limited, Maruti Suzuki, HDFC, Cipla Limited and HDFC Bank down between 1%-0.50% respectively, Dr Reddys Laboratories and Infosys fell by 0.27% and 0.21% while Wipro Limited tad down by 0.18%.

Overall market breadth turned negative with 1,449 shares declined compared to 1,313 shares advanced while 131 shares remained unchanged.

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