June 24, 2013

Market Pulse - 24 Jun, 2013

Market Update
Market opened weak in the morning and continued to slide down as the weak rupee raised the concerns of outflow by the FII after US Federal's decision of reducing its monetary stimulus measures and also the sharp fall in China's Shanghai Composite weighed on the market sentiments. Sensex closed down by 233.35 points or 1.24% at 18,540.59 after opening weak down by 60.18 points or 0.32% at 18,714.06 which too was day's high and a low of 18,467.16 while Nifty closed down by 77.40 points or 1.37% at 5,590.25 after opening down by 29.60 points or 0.52% at 5,638.05 and touched a high of 5,640 and a low of 5,566.25 for the day.

Sectoral wise, all indices ened the the day in negative zone. Realty index cropped by 4.79%, Consumer Durables declined by 3.38%, Capital Goods, PSU, FMCG and Power indices were down between 3%-2%, Auto, Oil & Gas Bankex, Metal and IT indices fell between 2%-1%, while Healthcare index closed down by 0.98%. From the Broader markets, Mid-cap and Small-cap indices were too weak as compared to the benchmark index, with Mid-cap dropping by 2.56% while Small-cap fell by 2.16% respectively.

Major index stock gainers were, Jindal Steel gaining up by 1.44%, Hindalco Inds, Tata Power and ICICI Bank gained by 0.64%, 0.61% and 0.60%, HDFC advanced up by 0.46% while Coal India gained marginally up by 0.17%.

Major index stock losers were, Sterlite Inds, Bharti Airtel and BHEL dropped by 3.91%, 3.23% and 3.02%, ONGC, L&T, Hero MotoCorp, ITC, SBI and Gail (India) declined between 3%-2%, Tata Steel, Bajaj Auto, HDFC Bank, Infosys, Mahindra & Mahindra, Tata Motors and Hindustan Unilever fell between  2%-1%, TCS, NTPC, Maruti Suzuki, Dr Reddys Lab and Wipro down between 1%-0.50%, Cipla and Sun Pharmaceuticals down by 0.37% and 0.21% while RIL marginally down by 0.08%.

Overall market breadth was firm negative with 1,635 shares declined as compared to 651 shares advanced while 114 shares remained unchanged.

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