May 30, 2013

Market Pulse - 30 May, 2013

Thu, May 30, 2013 at 16:00 PM
Markets closed positive.
Markets opened negative in the morning session but regained its gaining momentum in late afternoon trades to close positive led by Auto and FMCG sector shares. Sensex ended positive up by 67.76 points or 0.34% at 20,215.40 after opening negative down by 80.70 points or 0.40% at 20,066.94 and touched a high of 20,254.03 and a low of 20,066.14 while Nifty closed up by 19.75 points or 0.32% at 6,124.05 after opening down by 32.15 points or 0.53% at 6,072.15 and touched a high of 6,133.75 and a low of 6,072.15 in the day.

Sectoral wise, Auto index surged up by 2.29%, FMCG gained up by 1.88%, Power advanced up by 0.71% and PSU inched up by 0.12%, while Realty index dropped by 2.39%, Metal declined by 1.11%, Oil & Gas fell by 0.74%, Capital Goods, Healthcare and Bankex down by 0.56% and 0.40%, Consumer Durables and IT fell marginally by 0.16% each. From the broader markets Mid-cap index closed almost flat up by 0.04%, while Small-cap index declined by 0.35%.

Major stock gainers were, Mahindra & Mahindra and Tata Motors Limited surged up by 4.61% ans 4.31%, ITC rose by 3.51%, HDFC, NTPC, HDFC Bank Limited and BHEL gained between 2%-1%, Bajaj Auto, Sun Pharmaceuticals and Bharti Airtel up between 1%-0.50%, Tata Power Company, Maruti Suzuki and Coal India Limited gained between 0.40%-0.20% while Tata Consultancy Services and Hindustan Unilever Limited inched marginally up by 0.10% and 0.08%
Major stock losers were, Cipla Limited dropped by 4.62%, Tata Steel Limited and Hindalco Industries Limited declined by 3.90% and 3.18%, ICICI Bank Limited fell by 2.71%, Hero Motocorp, Larsen & Toubro, Reliance Industries Limited, Jindal Steel & Power Limited and Sterlite Industries Limited fell between 2%-1%, State Bank of India, Wipro Limited, Dr Reddys Laboratories, Infosys and Gail (India) declined between 1%-0.30%, while ONGC marginally down by 0.09%.

Tata Motors Limited surged up by 4.31%, after company reported a strong performance by JLR (Jaguar Land Rover)  erasing its losses at the stand-alone level. The consolidated profit for the quarter ended on March 2013 stood at Rs 3,945 crore against to Rs 3,000 as estimated by the analysts.

Overall market breadth was negative with 1,327 shares declined compared to 1,062 shares advanced while 133 shares remained unchanged.

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