April 29, 2013

Market Pulse - 29 Apr, 2013

Mon, Apr 29, 2013 at 17:30 PM
Markets closed positive.
Markets opened almost flat to positive in the morning and remaining subdued till noon session managed to closed higher, amid HUL and Hero Motocrop result. Sensex ended up by 100.78 points or 0.52% at 19,387.50 after opening almost flat up by 19.95 points or 0.10% at 19,306.67 and touching a high of 19,428.94 and a low of 19,284.40, while Nifty closed up by 32.65 points or 0.56% at 5,904.10 after opening up by 6.15 points or 0.10% at 5,877.60 and stroked a high of 5,918.65 and a low of 5,868.80 in the day.

Sectoral wise, barring Metal and Healthcare indices which closed negative down by 0.79% and 0.08%, all other indices closed positive with Consumer Durables and FMCG indices leading the list, surged up by 2.43% and 2.30%, followed by Realty, Power and IT up between 2%-1%, Oil & Gas and Auto up by 0.55% and 0.53%, Bankex advanced by 0.47%, PSU gained up by 0.25% and Capital Goods index tad up by 0.08%. Whereas in broader markets Mid-cap index gained up by 0.68% while Small-cap index up by 0.27%.

Major stock gainers were, Hindustan Unilever spurted up by 6.98%, Wipro Limited surged up by 3.57%, Hero Motocorp gained up by 3.24%, Sterlite Industries gained up by 2.29%, ITC, ONGC, Mahindra & Mahindra and BHEL gained between 2%-1%, NTPC, Infosys, HDFC Bank and ICICI Bank gained between 1%-0.50% each, Maruti Suzuki and Tata Power Company up by 0.43% and 0.42%, Bajaj Auto up by 0.20%, Tata Consultancy Services up by 0.18%, Dr Reddys Laboratories up by 0.13% and Gail (India) tad up by 0.03%.

Major stock losers were, Jindal Steel & Power Company dropped by 4.24%, Coa India Limited declined by 1.74%, Sun Pharmaceuticals down by 1.50%, HDFC, Tata Steel Limited, Larsen & Toubro, State Bank of India and Cipla Limited fell between 1%-0.50% each, Hindalco Industries down by 0.20%, Bharti Airtel Limited, Reliance Industries Limited and Tata Motors Limited tad down by 0.09% and 0.07% each.

Indian Oversea Bank dropped by 5.07%, after reporting a shard decline of 89% yoy (year-on-year) in its net profit for quarter ended on March 2013 at Rs 59 crore due to higher provisioning bad loans.

Hexaware Technologies fell by 0.48%, after it reported a jump of 20% in its consolidated net profit quarter-on-quarter at Rs 79.28 crore for the quarter ended on March 2013 on lower operating expenses and forex exchange gain.

Hero Motocorop gaining by 3.24% after company reported a better-than-expected net profit of Rs 574 crore for the quarter ended on March 2013, while its net income for the same period went up by 1.84% from 6,035 crore.

Hindustan Unilever spurted up by 6.98% after company reported a better-than-expected 18% jump in standalone net profit of Rs 787 crore year-on-year (yoy) for the quarter ended on March 2013, on back of strong volume growth, while its income from operations grew by 12% at Rs 6,466 crore on yoy basis.

Overall market breadth was positive with 1,289 shares advanced compared to 1070 shares declined while 131 shares remained unchanged.

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