Market Pulse - 27 May, 2013

Mon, May 27, 2013 at 16:00 PM

Markets closed higher lower, led by index heavy-weigh.

Markets after opening positive in the morning managed to closed higher led by index heavy weight Reliance Industries. Sensex closed up by 326.44 points or 1.66% at 20,030.77 after opening positive up by 46.34 points or 0.24% at 19,750.67 and touched a high of 20,083.47 and a low of 6,083.15 while Nifty closed up by 99.60 points or 1.66% at 6,083.15 after almost flat up by 5.85 points or 0.10% at 5,989.40 and touched a high of 6,099.90 and a low of 5,975.55 in the day.

Sectoral wise, all indices closed positive with Consumer Durables index leading the list surgued up by 3%, followed by indices were Oil & Gas gained up by 2.76%, Metal, Healthcare, Bankex, Realty, Power and IT gained between 2%-1%, PSU, FMCG, Capital Goods and Auto indices advanced up between 1%-0.50% respectively. From broader markets Mid-cap index closed up by 1.14%, while Small-cap index advanced up by 0.79%.

Major stock gainers were, Reliance Industries Limited spurted up by 5.12%, Sun Pharmaceuticals surged up by 4.66%, Jindal Steel & Power Limited, Bharti Airtel Limited and Hindalco Industries Limited Larsen rose bbetween 4%-3%, Sterlite Industries Limited, HDFC, Tata Motors Limited and BHEL gained  between 3%-2%, HDFC Bank Limited, Tata Consultancy Services, Hero Motocorp, NTPC, ICICI Bank Limited, Tata Steel Limited, Dr Reddys Laboratories, Gail (India), ITC, Wipro Limited and Coal India Limited gained up by 2%-1%, Hindustan Unilever, Infosys, Bajaj Auto, ONGC and Larsen & Toubro up between 1%-0.50%, State Bank of India up by 0.49% while Tata Power Company inched up by 0.27%.

Major stock losers were, Cipla Limited declined by 1.70%, Mahindra & Mahindra fell by 1.60% and Maruti Suzuki down by 1.09%.

Reliance Industries Limited spurted up by 5.12%, after company reported that it hav strucked a significant gas and condensate discovery in the KG D6 block.

TTK Healthcare crashed by 11.53%, after reporting a 40% year-on-year (y-o-y) fall in net profit at Rs 2.25 crore for the fourth quarter ended on March 2013.

Overall market breadth was firm positive with 1,364 shares advanced compared to 981 shares declined while 140 shares remained unchanged.