April 26, 2013

Market Pulse - 26 Apr, 2013

Fri, Apr 26, 2013 at 17:30 PM
Markets ended negative, snaps 4 day gains.
Markets after opening flat to negative in the morning remain subdued throughout the session on profit booking in index heavy-weights and rate sensitive sectors. Also investors remained side-lined ahesd of the RBI's monetary policy meet scheduled next week. Sensex ended down by 120.13 points or 0.62% at 19,286.72 after opening negatively down by 30.85 points or 0.16% at 19,376 and touching a high of 19,384.95 and a low of 19,249.75, while Nifty closed down by 44.85 points or 0.76% at 5,871.45 after opening down by 16.55 points or 0.28% at 5,899.75 and stroked a high of 5,907.05 and a low of 5,860.50 in the day.

Sectoral wise, barring Auto and Capital Goods indices which managed closed positively up by 0.84% and 0.29% all other indices closed negative with Realty index leading the list, dropped by 2.20%, Oil & Gas, IT, Bankex, Metal and Power closed down between 2%-1% respectively, PSU, FMCG and Healthcare fell by 0.80% each, while Consumer Durables tad down by 0.09%. Whereas in broader markets, both the indices Mid-cap and Small-cap closed negatively down by 0.64% and 0.54% respectively.

Major stock gainers were, Maruti Suzuki spurted up by 5.26%, Bharti Airtel surged up by 4.55%, Bajaj Auto gained up by 3.09%, Gail (India), Larsen & Toubro, HDFC and Tata Motors Limited gained between 2%-1% each, Hindalco Industries up by 0.81%, Cipla Limited up by 0.70%, Coal India Limited advanced up by 0.65% and Tata Power Company up by 0.26%.

Major stock losers were, Jindal Steel & Power Company dropped by 4.29%, Reliance Industries Limited fell by 3.19%, ICICI Bank Limited, Hindustan Unilever, Tata Steel Limited, Tata Consultancy Services and Mahindra & Mahindra declined between 3%-2% respectively, Sun Pharmaceuticals, BHEL, State Bank of India, Wipro Limited and Hero Motocrop dropped between 2%-1%, Sterlite Industries, Infosys and ONGC fell between 1%-0.50%, ITC down by 0.37%, NTPC down by 0.23% while Dr Reddys Laboratories and HDFC Bank Limited tad down by 0.13% and 0.03% respectively.

Jindal Steel and Power Limited slipped by 4.29%, after reporting 35% fall in its consolidated net profit at Rs 753 crore year on year (yoy) for the quarter ended on March 2013, duw to higher interest burden and lower sales.

LIC Housing Finance Limited spurted up by 6.31%, after reporting growth in net profit of Rs 316 crore an increase of 24% year on year (yoy) for the quarter ended on March 2013.

ICICI Bank Limited dropped by 2.82% ahead of RBI's policy meet, reported an increase of 21% in net profit at Rs 2,304 crore for the quarter ended March 2013 as compared to Rs 1,902 crore previous year in the same period, and net interest income increased by 22% to Rs 3,803 crore from Rs 3,105 crore.

Overall market breadth was firm negative with 1,356 shares declined compared to 949 shares advanced while 136 shares remained unchanged.

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