Showing posts with label Bharti Airtel. Show all posts
Showing posts with label Bharti Airtel. Show all posts

March 21, 2013

Market Pulse - 20 Mar, 2013

Wed, Mar 20, 2013 at 17:30 PM
Markets tanked on economic reforms concerns.
Markets closed lower, amid political uncertainty, on concerns that economic reforms might take a bow after DMK withdrew its support from the ruling UPA government. Sensex closed down by 123.91 points or 0.65% at 18,884.19, after opening almost flat up by 18.36 points or 0.10% at 19,026.46 and striking a high of 19,028.09 and a low of 18,836.77, while Nifty closed down by 51.55 points or 0.90% at 5,694.40, after opening marginally down by 5.40 points or 0.09% at 5,740.55 and touching a high of 5,745.30 and a low of 5,682.30 in the day.

Sectoral wise, FMCG index advanced up by 0.67%, IT inched up by 0.12%, Auto tad up by 0.07% while Consumer Durables almost flat up by 0.01%. Realty crashed down by 4.67%, Power, PSU, Bankex and Capital Goods dropped down between 2.70%-2% each, Metal and Oil & Gas declining by 1.33%-1.11% while Healthcare almost flat down by 0.05%. In broader markets, Mid-cap index dropped down by 1.90%, while Small-cap slumped by 2.32%.

Major stock gainers were,Hindustan Unilever surged up by 3.37%, Tata Motors and Cipla Limited advanced up by 1.51%-1.47% each, Tata Consultancy Services, Tata Power Company, ITC, Hero Motocorp, Infosys, Bajaj Auto and Dr. Reddys Laboratories gaining between 0.80%-0.20% respectively, while Sun Pharmaceuticals was marginally up by 0.05%.

Major stock losers were, Bharti Airtel slumped down by 4.18%, State Bank of India and NTPC dropped down by 3.87%-3.43%, ICICI Bank Limited, Hindalco Industries, ONGC, BHEL and Larsen & Toubro declining between 3%-2% respectively, Maruti Suzuki, Tata Steel Limited and Gail (India) fell between 2%-1% each, HDFC Bank Limited, Sterlite Industries, Jindal Steel & Power Limited, Mahindra & Mahindra, HDFC and Reliance Industries Limited declined between 1%-0.30% each, while Coal India Limiited marginally down by 0.10%.

HDIL tanked by 19.90%, after CARE (Credit Analysis and Research Ltd )credit agency downgraded the its debt, citing "delays in servicing" obligations.

Zee Entertainment Enterprises Ltd slumped by 5.16%, after Goldman Sachs downgraded it from "Buy" to "Neutral" stating that the stock appeared "fairly valued" given macro headwinds that could hurt advertisement spending.

Bharti Airtel Limited extending its previous loss and closed down by 4.18%, on reports of Sunil MIttal, Chairman and Managing Director of the company being summoned by the 2G Trial Court in the additional spectrum allocation case.

Overall market breadth was firm negative with 2,126 shares declined compared to 761 shares advanced, while 118 shares remained unchanged.

March 19, 2013

Market Pulse - 18 Mar, 2013

Mon, Mar 18, 2013 at 09:30 AM
Markets opened weak tracking weak global cues.
Markets opened on a very weak note, tracking weak cues from Asian markets and also all eyes are on RBI policy review announcement which is scheduled for Tuesday. Sensex is down 184.56 points or 0.95% at 19,243, after opening down by 144.93 points or 0.75% at 19,282.63, while Nifty is down by 49.60 points or 0.84% at 5,823, after opening down by 55.85 points or 0.95% at 5,816.75.

Sector wise, Realty index slumped by 2%, Bankex and PSU are trading weak down by 1.50% each, while FMCG is marginally trading positive up by 0.30%. In broader markets, both the indices Mid-cap and Small-cap declining by 0.70% and 0.40% each.

Major stock movers are, Hindustan Unilever gaining up by 0.80%, Cipla Limited and Sun Pharmaceuticals are too marginally positive, Coal India Limited slumped by 4.70%, Bharti AIrtel declining by 2.30%, Sterlite Industries Limited, Tata Power Company and Tata Steel Limited too were trading weak.

Coal India Limited declining by 4.70%, on reports that the government is offloading 10% equity through share sale of Rs 20,000 crore, to meet half of the disinvestment target for the fiscal year 2013-14.

Bharti Airtel dropped by 2.30%, after reports that DoT (Department of Telecommunication) has asked the company to stop 3G services with in 3 days in the circles it dose not have the required licences.

Kingfisher Airlines has dipped 0.5% at Rs 9.45., after reports of the Karnataka High Court urging the UB Group comprising of UB Holding and Kingfisher Airlines to come up with a concrete plan to pay dues worth around Rs 330 crore towards a clutch of aircraft lessors.

Overall market breadth is negative with 864 shares declining compared to 435 shares advancing.

Share This

Popular Posts

Featured Post

Sukanya Samriddhi Scheme

Sukanya Samriddhi Scheme launched by Prime Minister Narendra Modi on 22nd Januray 2015 for girl child. Under the Sukanya Samridhi Sch...

Google+ Followers