June 21, 2013

Market Pulse - 21 Jun, 2013

Market Update
Market after opening weak in the morning ended on a positive note amid a volatile trading session led by IT sector shares owing to weak Rupee. Sensex closed marginally up by 54.96 points or 0.29% at 18,774.24 after opening down by 23.48 points or 0.13% at 18,695.80 and touched a high of 18,820.81 a low of 18,615.14 while Nifty closed up by 11.75 points or 0.21% at 5,667.65 after opening weak down by 16 points or 0.28% at 5,639.9 and touched a high of 5,686.15 and a low of 5,616.85 for the day.

Sectoral wise, IT index rose by 1.43%, Auto, Power and Oil & Gas indices marginally up by 0.34%, 0.27% and 0.17%, Metal and Realty  indices dropped by 1.45% and 1.02%, Consumer Durables, Bankex, Capital Goods and Healthcare declined between 0.50%-0.20% and FMCG fell marginally by 0.13% while PSU index closed flat. In the Broader markets, Mid-cap and Small-cap indices declined compared to the benchmark index, with Mid-cap dropping by 1.28% while Small-cap fell marginally by 0.36%.

Major index stock gainers were, ONGC, Infosys, NTPC and Dr Reddys Lab gaining between 3%-2% each, Maruti Suzuki, Hero Motocorp, Bharti AIrtel, TCS and Coal India gained between 2%-1%, Tata Power, HDFC, Cipla, Wipro, Bajaj Auto and Gail (India) advanced between 1%-0.20% while Mahindra & Mahindra marginally up by 0.11%.

Major index stock losers were, Jindal Steel craked down by 8.06%, Hindalco Inds dropped by 4.20%, Sun Pharmaceuticals declined by 1.85%, Sterlite Inds and RIL fell by 0.98% and 0.66%, SBI, Tata Motors, Hindustan Unilever, BHEL, Tata Steel and ICICI Bank declined between 0.50%-0.20% while L&T and HDFC Bank marginally down by 0.18% and 0.13%.

Overall market breadth was firm negative with as much 1,342 shares declined as compared to 982 shares advanced while 138 shares remained unchanged.

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