April 23, 2013

Market Pulse - 23 Apr, 2013

Tue, Apr 23, 2013 at 17:30 PM
Markets ended almost flat marginally up, amid weakness in banking and Capital goods sector.
Markets after opening almost flat in the morning and recovering from lows in the late-noon session managed to closed almost flat marginally up, amid weakness in banking and capital goods sectors ahead of the expiry of derivatives. Sensex ended marginally up by 9.53 points or 0.05% at 19,179.36 after opening up by 40.43 points or 0.21% at 19,210.25 and touching a high of 19,210.26 and a low of 19,042.08, while Nifty closed almost flat up by 2.50 points or 0.04% at 5,836.90 after opening up by 8.70 points or 0.15% at 5,843.10 and stroked a high of 5,844.30 and a low of 5,791.55 in the day.

Sectoral wise, Capital Goods index sliped down by 1.29%, Consumer Durables dropped by 1.14%, Realty declined by 0.67%, Bankex, PSU and Metal fell by 0.33%-0.26% while FMCG tad down by 0.03% whereas Healthcare and IT gained up by 0.66% and 0.64%, Oil & Gas advanced up by 0.51%, Auto and Power tad up by 0.12% and 0.06%. From broader markets, Mid-cap declined down by 0.38% while Small-cap index advanced up by 0.36%.

Major stock gainers were, Hero Motocorp up by 2.87%, Sun Pharmaceuticals and Bajaj Auto gained up by 2.51% and 2.40%, Reliance Industries Limited up by 1.74%, ICICI Bank and Wipro Limited advanced up by 1.20% and 1%, Dr Reddys Laboratories, Hindalco Industries Limited, Infosys and Tata Steel Limited up between 1%-0.50%, HDFC and Tata Consultancy Services up by 0.37% and 0.31%, NTPC and ITC tad up by 0.17% and 0.16%.

Major stock losers were, Jindal Steel & Power Limited dropped by 3.76%, Larsen & Toubro slipped by 2.04%, State Bank of India, HDFC Bank Limited, Tata Motors Limited, BHEL and Gail (India) declined between 2%-1% each, Tata Power Company, Sterlite Industries, Mahindra & Mahindra, Hindustan Unilever and ONGC down between 1%-0.50%, Bharti Airtel fell by 0.43%, Maruti Suzuki fell by 0.24% while Cipla Limited and Coal India Limited down by 0.21% each.
HDFC Bank Limited slipped by 1.41%, after it reported a 30% rise in net profit at Rs. 1,889 crore for the quarter ended on March 2013 amid higher loan growth, stable asset quality and fee income while in the same period a year ago it stood at Rs. 1,453 crore. The net interest income rose by 27% to Rs. 4,295 crore as against to Rs. 3,388 crore in March 2012, driven by 22.70% loan growth and Net Interest Margin of 4.50% for the quarter.
Rashtriya Chemical & Fertilizers, Chambal Fertilisers and Chemicals, National Fertilisers, Deepak Fertilisers and Petrochemicals Corporation and Coromandel International surged up by almost 2-9% on hopes of normal monsoon which may boost fertiliser demand.

 Overall market breadth was marginally negative with 1,227 shares declined compared to 1,134 shares advanced while 131 shares remained unchanged.

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