10 July, 2013

Market Pulse - 10 Jul, 2013

Market Updates
Markets after opening positive in the morning traded almost flat till in the noon session when slipped down and closed weak, amid weak European markets with Oil & Gas and FMCG shares dragging the benchmark index on profit booking. Sensex closed weak down by 145.36 points or 0.75% at 19,294.12 after opening up by 43.18 points or 0.22% at 19,482.66, touched high of 19,505.93 and a low of 19,237.91 while Nifty closed down by 42.30 points or 0.72% at 5,816.70 after opening up by 10.90 points or 0.18% at 5,869.90 and touched a high of 5,879.35 and a low of 5,802.85 for the day.

Sectoral wise, Consumer Durables index rose up by 1.95%, IT advanced up by 0.66% and Healthcare index edged up by 0.11%, Oil & Gas, Auto, Realty and PSU indices dropped down between 2%-1%, Power and Capital Goods declined by 0.98% each, Metal fell by 0.91%, FMCG and Bankex indices fell by 0.65% and 0.62%. In the Broader markets, both the indices Mid-cap and Small-cap ended in negative zone with Mid-cap declined by 0.40% while Small-cap ended almost flat down by 0.04%.

Major index stock gainers were, Wipro rose up by 1.33%, Tata Power, Jindal Steel and TCS advanced up between 1%-0.60%, ICICI Bank and Infosys gained up by 0.34% and 0.21% while Sun Pharmaceuticals and Maruti Suzuki edged up by 0.10% and 0.07%.

Major index stock losers were, Mahindra & Mahindra, Hindalco Inds and Bajaj Auto declined by 3%-2%, Tata Steel, RIL, ONGC, Tata Motors, Hindustan Unilever, HDFC Bank, BHEL and Dr reddys Lab slipped between 2%-1%, SBI, L&T, Gail (India), NTPC, Sterlite Inds, Bharti Airtel, ITC and Coal India fell between 1%-0.40%, Hero MotoCorp and HDFC down by 0.39% and 0.37% while Cipla was tad down by 0.06%.

Overall market breadth was marginally negative with 1,167 shares declined as compared to 1,147 shares advanced while 145 shares remained unchanged.

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