June 13, 2013

Market Pulse - 13 Jun, 2013

Market Update

Markets after opening weak in the morning extended its losses for the third straight day amid weak global cues as the investors booked profit across the counter. Sensex closed firm weak down by 213.97 points or 1.12% at 18,827.16 after opening firm weak down by 143.64 points or 0.75% at 18,897.49 and touched a high of 18,914.13 and a low of 18,765.53 while Nifty ended firm weak by 61.10 points or 1.06% at 5,699.10 after opening weak down by 50.85 points or 0.88% at 5,709.35 and touched a high of 5,729.85 and a low of 5,683.10 in the day.

Sectoral wise, barring Consumer Durables index which managed to close positive up by 1.55% all other indices closed in negative with Auto and Realty indices leading the  list down by 2.33% and 2.30%, followed by Power, Healthcare, PSU, IT, FMCG, Bankex and Metal indices declined between 2%-1% each, Capital Goods fell by 0.91% and Oil & Gas down by 0.69%. Broader markets too declined in line with benckmark index with Mid-cap declined by 1.37% and Small-cap down by 1.06%.

Major index stock gainers were, Hindalco Industries spurted up by 4.82%, Bharti Airtel surged up by 3.47%, Jindal Steel & Power advanced up by 0.55%, SBI up by 0.49% and Hindustan Unilever marginally up by 0.19%.

Major index stock losers were, Tata Motors, Mahindra & Mahindra and Sun Pharmaceutical dropped down between 4%-3%, Tata Steel, Gail (India), Sterlite Industries, Tata Power, BHEL and Bajaj Auto slipped between 3%-2%,    Infosys, TCS, Maruti Suzuki, ITC, Coal India, Cipla Limited, HDFC Bank, Wipro, ICICI Bank and Dr Reddys Laboratories fell between 2%-1% each, HDFC and NTPC down by 0.99% and 0.93%, L&T and RIL fell by 0.31% and 0.27%, and HeroMotocorp and ONGC marginally down 0.10% each.

Overall market breadth was firm negative with 1,561 shares declined as compared to 764 shares advanced while 131 shares remained unchanged.

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