July 6, 2013

Weekly Pulse - 6 Jul, 2013

Markets posted it's second consecutive weekly gains on hopes of global growth recovery after good sets of data from the US economy.

The HSBC Manufacturing Purchasing Managers' Index (PMI), which estimates business activity in Indian factories, and not in it's utilities, edged up from 50.1 in May 2013 to 50.3 in June 2012, which is been compiled by 'Markit', has been teasing with the 50 mark, which seperates growth from reduction for two months but has held above it for over four years.

Positive sentiments also led hand to benchmark index to close above 200-day moving average for a second consecutive day after FII bought shares worth 1.6 billion rupees and equity derivatives worth Rs 15 billion. The benchmark S&P BSE index gaines by 84.98 points or 0.44% closing at 19,495.82 while NSE index gained up by 30.95 points or 0.53% to end at 5,867.90.

Sectoral wise, FMCG index surged up by 6.01%, Healthcare gained up by 2.69%, Auto, Consumer Durables, Oil & Gas, Realty and Capital Goods advanced up between 1%-0.10%, PSU dropped by 2.20%, Bankex and Metal declined by 1.66% and 1.37%, IT fell by 0.46% while Power marginally down by 0.13%.

Major index stock gainers for the week were, ITC and Tata Motors surged up by 5.46% and 5.24%, Gail (India) and Hindustan Unilever gained by 4.38% and 4.12%, Jindal Steel gained up by 3.04%, Sun Pharmaceuticals, BHEL and RIL rose between 3%-2%, Cipla, Bharti Airtel and Maruti Suzuki gained between 2%-1%, Dr Reddys Lab, Sterlite Inds, TCS, L&T, Wipro, Mahindra & Mahindra and Hindalco Inds geined between 1%-0.10%.

Major index stock loser for the week were, ONGC dropped by 4.44%, Tata Steel and SBI slipped by 3.29% and 3.01%, HDFC and Bajaj Auto declined by 2.64% and 2.33%, Coal India, ICICI Bank and Infosys fell between 2%-1%, Hero MotoCorp, Tata Power, HDFC Bank and NTPC fell between 1%-0.10%.

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