June 20, 2013

Market Pulse - 20 Jun, 2013

Market Update

Market opened gap down and traded almost weak throughout the sessions and ended the day towards the day low after the comments from US Federal that it would start trimming its monetary stimulus measures sooner than expected  and also weak China manufacturing data also led the hand in dragging the benchmark index. Sensex closed firm negative down by 526.41 points or 2.74% at 18,719.29 after opening weak down by 176.50 points or 0.92% at 19,069.20 which indeed was day's high and touched a low of 18,687.19 while Nifty ended down by 172.50 points or 2.96% at 5,655.90 after opening down by 74.25 points or 1.27% at 5,754.15 and touched a high of 5,755 and a low of 5,645.65 for the day.

Sectoral wise, all sectoral indices today ended the day in red with Realty  index topping the list dropped down by 5.18% followed by Metal index fell by 4.63%, Bankex and Oil & Gas down by 3.98% and 3.06%, Capital Goods, PSU, Consumer Durables and IT indices declined between 3%-2% each, Auto and FMCG declined by 1.77% and 1.66% while Healthcare index down by 0.67%. Even the the Broader markets declined in line with the benchmark index Mid-cap ended down by 1.93% while Small-cap index fell by 1.72%.

Major index stock gainers were only Wipro and Sun Pharmaceticals gaining up by 1.28% and 0.69% respectively.

Major index stock losers were, Jindal Steel crashed down by 9.62%, Tata Steel and Hindalco Inds dropped by 6.25% and 6.24%, BHEL, Sterlite Inds and HDFC Bank declined between 5%-4%, RIL, Mahindra & Mahindra, ICICI Bank, Bharti Airtel, NTPC and HDFC fell between 4%-3%, Infosys, L&T, ONGC, SBI and ITC down between 3%-2%, Tata Power, TCS, Gail (India), Dr Reddys Laboratories, Coal India, Hero Motocorp, Maruti Suzuki and Tata Motor down between 2%-1%, Bajaj Auto and Hindustan Unilever declined by 0.98% and 0.27% and Cipla marginally down by 0.18%.

Overall market breadth was firm negative with as much 1,647 shares declined as compared to 654 shares advanced while 111 shares remained unchanged.

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