June 18, 2013

Market Pulse - 18 Jun, 2013

Market Update

Market after almost flat opening slipped down and traded subdued before settling down negative ahead of US federal meet. Sensex ended weak down by 102.59 points or 0.53% at 19,223.28 after opening flat positive up by 3.30 points or 0.02% at 19,329.17 and touched a peak of 19,383.61 and a low of 19,191.37 while Nifty closed down by 36.45 points or 0.62% at 5,813.60 after opening flat down by 8.15 points or 0.14% at 5,841.90 and touched a high of 5,863.40 and a low of 5,804.30 for the day.

Sectoral wise, barring Metal and IT indices which closed in positive up by 0.73% and 0.57% all other indices ended in negative zone with Bankex index leading the list dropped by 1.20%, followed by Consumer Durables down by 1.09%, PSU, Capital Goods, Power, Oil & Gas, FMCG and Auto indices declined between 1%-0.30% and Realty index marginally down by 0.15% while Healthcare almost flat positive by 0.05%. From Broader markets Mid-cap index ended almost flat positive by 0.03% while Small-cap index advanced up by 0.25%.

Major index stock gainers were, Tata Steel surged up by 2.89%, Tata Power, Bajaj Auto, Infosys and Hero Motocorp rose between 2%-1%, Sterlite Inds and Wipro gained by 0.97% and 0.90%, Coal India and Maruti Suzuki advanced by 0.26% and 0.17% while Hindustan Unilever almost flat positive by 0.02%.

Major index stock losers were, NTPC dropped by 2.20%, Bharti Airtel, Gail (India), HDFC Bank, ONGC, HDFC, L&T and SBI declined between 2%-1%, ICICI Bank, BHEL, Tata Motors, Dr Reddys Laboratories, Mahindra & Mahindra and ITC fell between 1%-0.50%, Hindalco Ind, Jindal Steel, Sun Pharma and TCS down between 0.50%-0.20% whie RIL and Cipla down by 0.18% and   0.11%.

JM Financial spurted up by 6.28%, after company stated to have received shareholders approval for the issue of convertible warrants to Vikram Pandit.

VA Tech Wabag surged up by 3.38%, after reports of company winning an Rs 262 crore order in a joint venture with Pratibha Industries from Melamchi Water Supply Development Board, Nepal.

Overall market breadth was tad negative with 1,182 shares declined as compared to 1,148 shares advanced while 136 shares remained unchanged.

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