June 12, 2013

Market Pulse - 12 Jun, 2013

Stock Market Update
Markets after opening down in the morning turned weaker and continued to slip further down till in the early noon trades where markets tried to gain momentum but could not sustain to the gains and closed on a negative note, ahead of the key economic data. Sensex closed weak down by 101.87 points or 0.53% at 19,041.13 after opening weak down by 39.04 points or 0.20% at 19,103.96 and touched a high of 19,143.24 and a low of 18,969.08 while Nifty closed down by 28.60 points or 0.49% at 5,760.20 after opening weak down by 17.05 points or 0.29% at 5,771.75 and touched a high of 5,792.90 and a low of 5,738.60 in the day.

Sectoral wise, barring Oil & Gas and Healthcare indices which ended the day in positive up by 0.55% and 0.47% and Bankex index which closed almost positive flat up by 0.05% all other indices closed negative with Consumer Durables leading the list crashed down by 7.32% followed by Metal, IT and Power indices dropped between 2%-1%, FMCG, PSU and Auto indices fell between by 1%-0.30%, Capital Goods declined by 0.17% while Realty marginally down by 0.07%. Even in broader markets also declined in line with benckmark index, Mid-cap declined by 0.49% and Small-cap fell by 0.51%.

Major index stock gainers were, Jindal Steel & Power rose up by 3.80%, Cipla Limited gained up by 1%, Mahindra & Mahindra, RIL, SBI and NTPC advanced up between 1%-0.50%, ICICI Bank and ONGC gained up by 0.45% and 0.31%, Hindustan Unilever marginally up by 0.10% while Tata Motors almost flat up by 0.02%.

Major index stock losers were, Tata Power dropped down by 3.03%, Coal India, Tata Steel, Hero Motocorp, Hindalco Industries, Bajaj Auto, TCS, Sterlilte Industries and Infosys dropped between 3%-2%, HDFC and BHEL,  fell by 1.27% and 1.24%, ITC, Maruti Suzuki, Larsen & Toubro declined between 1%-0.50%, Sun Pharmaceutical, Dr Reddys Laboratories and Bharti Airtel down by 0.28%, 0.26% and 0.22%, Gail (India), Wipro and HDFC Bank marginally down by 0.15%-0.10% each.

Growth concerns continued to weigh on the market sentiments as country's IIP (Index of Industrial Production) grew less than expected, at 2% in Month of April 2013 from a year earlier. Meanwhile, CPI (Consumer Price Index) based inflation came down to 9.31% in May 2013 from 9.39% in April 2013.

Overall market breadth was negative with 1,398 shares declined as compared to 967 shares advanced while 125 shares remained unchanged.

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