July 13, 2013

Weekly Pulse - 13 Jul, 2013

Markets posted its third week consecutive gains, amid statement from US Federal Reserve Chairman Bernanke that a highly accommodative policy is required for the projected future as inflation remains low and the employment rate may exaggerate the labour market.

The benchmark index S&P BSE Sensex rose up by 462.65 points or 2.37% to close at 19,958.47, while CNX Nifty gained up by 141.10 points or 2.40% at 6,009 for the week ended.

FII (Foreign Institutional Investor) bought index future worth of 15.36 billion rupees ($256.92 million USD) on Thursday, marking their biggest single-day purchase for these contracts since July 1 2013, as per data released by regulatory and exchanges.

Sectoral wise, Auto slipped by 2.28%, Oil & Gas fell by 1.30% and PSU down by 1.02% were the losers indices on the board whereas indices on the gainers side were IT jumping up by 9.63%, Capital Goods surging up by 4.45%, Healthcare rising up by 3.33%, Power, Bankex, Consumer Durables gaining between 3%-2%, FMCG and Metal advancing up by 1.49% and 1.30% while Realty edging up marginally by 0.33% for the week ended. In broader market, Mid-cap and Small-cap index advanced by 0.94% and 0.79% respectively.

Major index stock gainers for the week were, Infosys jumped up by 14.19%, Sun Pharmaceuticals and Wipro spurted up by 7.11% and 7.04%, BHEL, TCS, Sterlite Inds and Dr Reddys Lab surged up between 6%-5%, Tata Power and HDFC Bank rose up by 4.50% and 4.35%, Hero MotoCorp and Bharti Airtel gained up by 3.74% and 3.18%, ITC up by 2.25%, NTPC, Hindalco Inds, Cipla, RIL and ICICI Bank advanced up between 2%-1% while Coal India gained up by 0.98%.

Major index stock losers for the week were, Maruti Suzuki, Mahindra & Mahindra and ONGC dropped between 7%-6%, L&T declined by 5.78%, Gail (India), Tata Motors and Hindustan Unilever fell between 2%-1%, Jindal Steel and Tata Steel fell by 0.76% each, Bajaj Auto marginally down by 0.28 while SBI almost flat down 0.07%.


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