April 25, 2013

Market Pulse - 25 Apr, 2013

Thu, Apr 25, 2013 at 17:30 PM
Markets closed higher, amid buying in rate sensitive sectors.
Markets after opening flat to positve in the morning and volatile trading session throughout the sessions ended higher amid buying in rate sensitive shares after the fall in food inflation figures raising the hopes of rate cut by the RBI (Reserve Bank of India) in upcoming policy meet. Sensex closed positively up by 227.49 points or 1.19% at 19,406.85 after opening marginally up by 12.75 points or 0.07% at 19,192.11 and touching a high of 19,434.85 and a low of 19,192.11, while Nifty closed up by 79.40 points or 1.36% at 5,916.30 after opening up by 19.20 points or 0.33% at 5,856.10 and stroked a high of 5,924.60 and a low of 5,853.30 in the day.

Sectoral wise, IT index dropped by 1.65%, Realty and Consumer Durables fell by 0.64% and 0.48%, Auto and Healthcare indices surged up by 2.79% and 2.04% each, Oil & Gas, Metal, Bankex, Power and PSU indices gained up between 2%-1% each, Capital Goods gained up by 0.85% and FMCg up by 0.58%. While in broader markets, Mid-cap index gained up by 0.50% while Small-cap index tad up by 0.09%.

Major stock gainers were, Dr. Reddys Laboratories spurted up by 4.72%, followed by Gail (India), Tata Motor Limited and NTPC up by 4.25%, 4.21% and 4.06%, Maruti Suzuki, Hero Motocorp gained up between 4%-3%, Mahindra & Mahindra, Sterlite Industries, Sun Pharmaceuticals, Cipla Limited and HDFC gained between 3%-2% each, Reliance Industries Limited, State Bank of India, Hindalco industries, BHEL, Bajaj Auto, Coal India, Bharti Airtel Limited, ICICI Bank Limited, Tata Steel Limited and Larsen & Toubro aadvanced up between 2%-1% each while ITC up by 0.87%.

Major stock losers were, Wipro Limited dropped by 2.20%, Tata Consultancy Services down by 1.92%, Infosys fell by 1.55%, Hindustan Unilever down by 0.34%, while ONGC, Tata Power Company, JIndal Steel & Power Limited and HDFC Bank Limited were tad down between 0.10%-0.01% respectively.

Dr Reddys Laboratories surged up by 4.72% as stock outperforming the market by gaining 13% over past month after the company settled its claim against Nordion Inc (formerly MDS Inc.) based in Ottawa, for a cash payment of $22.5 million by Nordion to Dr Reddys Laboratories, in a case pending in a district court of New Jersey in the US.

Overall market breadth was positive with 1,221 shares advanced compared to 1,158 shares declined while 133 shares remained unchanged.

Share This

Popular Posts

Featured Post

Sukanya Samriddhi Scheme

Sukanya Samriddhi Scheme launched by Prime Minister Narendra Modi on 22nd Januray 2015 for girl child. Under the Sukanya Samridhi Sch...

Google+ Followers