Market Pulse - 26 Apr, 2013

Fri, Apr 26, 2013 at 17:30 PM

Markets ended negative, snaps 4 day gains.

Markets after opening flat to negative in the morning remain subdued throughout the session on profit booking in index heavy-weights and rate sensitive sectors. Also investors remained side-lined ahesd of the RBI's monetary policy meet scheduled next week. Sensex ended down by 120.13 points or 0.62% at 19,286.72 after opening negatively down by 30.85 points or 0.16% at 19,376 and touching a high of 19,384.95 and a low of 19,249.75, while Nifty closed down by 44.85 points or 0.76% at 5,871.45 after opening down by 16.55 points or 0.28% at 5,899.75 and stroked a high of 5,907.05 and a low of 5,860.50 in the day.

Sectoral wise, barring Auto and Capital Goods indices which managed closed positively up by 0.84% and 0.29% all other indices closed negative with Realty index leading the list, dropped by 2.20%, Oil & Gas, IT, Bankex, Metal and Power closed down between 2%-1% respectively, PSU, FMCG and Healthcare fell by 0.80% each, while Consumer Durables tad down by 0.09%. Whereas in broader markets, both the indices Mid-cap and Small-cap closed negatively down by 0.64% and 0.54% respectively.

Major stock gainers were, Maruti Suzuki spurted up by 5.26%, Bharti Airtel surged up by 4.55%, Bajaj Auto gained up by 3.09%, Gail (India), Larsen & Toubro, HDFC and Tata Motors Limited gained between 2%-1% each, Hindalco Industries up by 0.81%, Cipla Limited up by 0.70%, Coal India Limited advanced up by 0.65% and Tata Power Company up by 0.26%.

Major stock losers were, Jindal Steel & Power Company dropped by 4.29%, Reliance Industries Limited fell by 3.19%, ICICI Bank Limited, Hindustan Unilever, Tata Steel Limited, Tata Consultancy Services and Mahindra & Mahindra declined between 3%-2% respectively, Sun Pharmaceuticals, BHEL, State Bank of India, Wipro Limited and Hero Motocrop dropped between 2%-1%, Sterlite Industries, Infosys and ONGC fell between 1%-0.50%, ITC down by 0.37%, NTPC down by 0.23% while Dr Reddys Laboratories and HDFC Bank Limited tad down by 0.13% and 0.03% respectively.

Jindal Steel and Power Limited slipped by 4.29%, after reporting 35% fall in its consolidated net profit at Rs 753 crore year on year (yoy) for the quarter ended on March 2013, duw to higher interest burden and lower sales.

LIC Housing Finance Limited spurted up by 6.31%, after reporting growth in net profit of Rs 316 crore an increase of 24% year on year (yoy) for the quarter ended on March 2013.

ICICI Bank Limited dropped by 2.82% ahead of RBI's policy meet, reported an increase of 21% in net profit at Rs 2,304 crore for the quarter ended March 2013 as compared to Rs 1,902 crore previous year in the same period, and net interest income increased by 22% to Rs 3,803 crore from Rs 3,105 crore.

Overall market breadth was firm negative with 1,356 shares declined compared to 949 shares advanced while 136 shares remained unchanged.

Market Pulse - 25 Apr, 2013

Thu, Apr 25, 2013 at 17:30 PM

Markets closed higher, amid buying in rate sensitive sectors.

Markets after opening flat to positve in the morning and volatile trading session throughout the sessions ended higher amid buying in rate sensitive shares after the fall in food inflation figures raising the hopes of rate cut by the RBI (Reserve Bank of India) in upcoming policy meet. Sensex closed positively up by 227.49 points or 1.19% at 19,406.85 after opening marginally up by 12.75 points or 0.07% at 19,192.11 and touching a high of 19,434.85 and a low of 19,192.11, while Nifty closed up by 79.40 points or 1.36% at 5,916.30 after opening up by 19.20 points or 0.33% at 5,856.10 and stroked a high of 5,924.60 and a low of 5,853.30 in the day.

Sectoral wise, IT index dropped by 1.65%, Realty and Consumer Durables fell by 0.64% and 0.48%, Auto and Healthcare indices surged up by 2.79% and 2.04% each, Oil & Gas, Metal, Bankex, Power and PSU indices gained up between 2%-1% each, Capital Goods gained up by 0.85% and FMCg up by 0.58%. While in broader markets, Mid-cap index gained up by 0.50% while Small-cap index tad up by 0.09%.

Major stock gainers were, Dr. Reddys Laboratories spurted up by 4.72%, followed by Gail (India), Tata Motor Limited and NTPC up by 4.25%, 4.21% and 4.06%, Maruti Suzuki, Hero Motocorp gained up between 4%-3%, Mahindra & Mahindra, Sterlite Industries, Sun Pharmaceuticals, Cipla Limited and HDFC gained between 3%-2% each, Reliance Industries Limited, State Bank of India, Hindalco industries, BHEL, Bajaj Auto, Coal India, Bharti Airtel Limited, ICICI Bank Limited, Tata Steel Limited and Larsen & Toubro aadvanced up between 2%-1% each while ITC up by 0.87%.

Major stock losers were, Wipro Limited dropped by 2.20%, Tata Consultancy Services down by 1.92%, Infosys fell by 1.55%, Hindustan Unilever down by 0.34%, while ONGC, Tata Power Company, JIndal Steel & Power Limited and HDFC Bank Limited were tad down between 0.10%-0.01% respectively.

Dr Reddys Laboratories surged up by 4.72% as stock outperforming the market by gaining 13% over past month after the company settled its claim against Nordion Inc (formerly MDS Inc.) based in Ottawa, for a cash payment of $22.5 million by Nordion to Dr Reddys Laboratories, in a case pending in a district court of New Jersey in the US.

Overall market breadth was positive with 1,221 shares advanced compared to 1,158 shares declined while 133 shares remained unchanged.

Market Pulse - 23 Apr, 2013

Tue, Apr 23, 2013 at 17:30 PM

Markets ended almost flat marginally up, amid weakness in banking and Capital goods sector.

Markets after opening almost flat in the morning and recovering from lows in the late-noon session managed to closed almost flat marginally up, amid weakness in banking and capital goods sectors ahead of the expiry of derivatives. Sensex ended marginally up by 9.53 points or 0.05% at 19,179.36 after opening up by 40.43 points or 0.21% at 19,210.25 and touching a high of 19,210.26 and a low of 19,042.08, while Nifty closed almost flat up by 2.50 points or 0.04% at 5,836.90 after opening up by 8.70 points or 0.15% at 5,843.10 and stroked a high of 5,844.30 and a low of 5,791.55 in the day.

Sectoral wise, Capital Goods index sliped down by 1.29%, Consumer Durables dropped by 1.14%, Realty declined by 0.67%, Bankex, PSU and Metal fell by 0.33%-0.26% while FMCG tad down by 0.03% whereas Healthcare and IT gained up by 0.66% and 0.64%, Oil & Gas advanced up by 0.51%, Auto and Power tad up by 0.12% and 0.06%. From broader markets, Mid-cap declined down by 0.38% while Small-cap index advanced up by 0.36%.

Major stock gainers were, Hero Motocorp up by 2.87%, Sun Pharmaceuticals and Bajaj Auto gained up by 2.51% and 2.40%, Reliance Industries Limited up by 1.74%, ICICI Bank and Wipro Limited advanced up by 1.20% and 1%, Dr Reddys Laboratories, Hindalco Industries Limited, Infosys and Tata Steel Limited up between 1%-0.50%, HDFC and Tata Consultancy Services up by 0.37% and 0.31%, NTPC and ITC tad up by 0.17% and 0.16%.

Major stock losers were, Jindal Steel & Power Limited dropped by 3.76%, Larsen & Toubro slipped by 2.04%, State Bank of India, HDFC Bank Limited, Tata Motors Limited, BHEL and Gail (India) declined between 2%-1% each, Tata Power Company, Sterlite Industries, Mahindra & Mahindra, Hindustan Unilever and ONGC down between 1%-0.50%, Bharti Airtel fell by 0.43%, Maruti Suzuki fell by 0.24% while Cipla Limited and Coal India Limited down by 0.21% each.

HDFC Bank Limited slipped by 1.41%, after it reported a 30% rise in net profit at Rs. 1,889 crore for the quarter ended on March 2013 amid higher loan growth, stable asset quality and fee income while in the same period a year ago it stood at Rs. 1,453 crore. The net interest income rose by 27% to Rs. 4,295 crore as against to Rs. 3,388 crore in March 2012, driven by 22.70% loan growth and Net Interest Margin of 4.50% for the quarter.

Rashtriya Chemical & Fertilizers, Chambal Fertilisers and Chemicals, National Fertilisers, Deepak Fertilisers and Petrochemicals Corporation and Coromandel International surged up by almost 2-9% on hopes of normal monsoon which may boost fertiliser demand.

 Overall market breadth was marginally negative with 1,227 shares declined compared to 1,134 shares advanced while 131 shares remained unchanged.

Market Pulse - 22 Apr, 2013

Mon, Apr 22, 2013 at 17:30 PM

Markets ended higher,  amid buying in banking and metal sector.

Markets after opening almost flat in the morning and gaining in later sessions and managed to close higher, amid buying interest in banking, metal and consumer durable secrtors. Sensex closed up by 153.37 or 0.81% at 19,169.93 after opening marginally down by 26.68 points or 0.14% at 18,989.78 and touched a high of 19,204.90 and a low of 18,989.78 while Nifty ended up by 51.30 points or 0.89% at 5,834.40 after opening marginally up by 6.75 points or 0.12% at 5,789.85 and touched a high of 5,844.85 and a low of 5,789.80 in the day.

Sectoral wise, barring IT index which ended negative dropping by 2.37%  all other indices closed positive. Topping the gainers list was Consumer Durables closing surging up by 4.26%, Realty and Capital Goods gaining up by 3.41% and 3.33%, Bankex, Metal and Power indices gained up between 3%-2%, PSU up by 1.28%, FMCG and Auto advanced up by 0.57% and 0.32%, while Healthcare and Oil & Gas tad up by 0.20% and 0.19%. From broader markets, Mid-cap and Small-cap indices gained up by 1.44% and 0.90% respectively.

Major stock gainers were, Coal India Limited and Larsen & Toubro surged up by 4.33% and 4.21%, HDFC Bank and BHEL gained up by 3.85% and 3.04%, Tata Steel Limited, ICICI Bank, HDFC and NTPC Limited advanced up between 3%-2%, Hindalco Industries Limited, Hero Motocorp, Jindal Steel & Power Limited, State Bank of India, Sun Pharmaceuticals and Reliance Industries Limited up between 2%-1% each, Maruti Suzuki, Gail (India), Tata Power Company and ITC up between 1%-0.50% while Bharti Airtel Limited advanced up by 0.43%.

Major stock losers were, Wipro Limited slumped by 7.95%, Infosys slipped by 2.22%, ONGC dropped by 1.84%, Tata Consultancy Services down by 1.75%, Bajaj Auto declined by 1.67%, Mahindra & Mahindra down by 1.20%, Dr Reddys Laboratories fell by 1.07%, Cipla Limited down by 0.90%, Sterlite Industries Limited down by 0.28 while Hindustan Unilever tad down by 0.09%.

Wipro Limited drowned by 7.95% after the company forecasting weak sales in its IT division for current quarter ending June 2013, revenue between $1.58-$1.61 billion compared to its $1.59 billion for the March quarter ended. Whereas, company reported 0.72% quarter-on-quarter growth in its consolidated net profit. 

Overall market breadth was positive with 1,390 shares advanced compared to 1,004 shares declined while 138 shares remained unchanged.

Market Pulse - 22 Apr, 2013

Mon, Apr 22, 2013 at 17:30 PM

Markets ended higher,  amid buying in banking and metal sector.

Markets after opening almost flat in the morning and gaining in later sessions and managed to close higher, amid buying interest in banking, metal and consumer durable secrtors. Sensex closed up by 153.37 or 0.81% at 19,169.93 after opening marginally down by 26.68 points or 0.14% at 18,989.78 and touched a high of 19,204.90 and a low of 18,989.78 while Nifty ended up by 51.30 points or 0.89% at 5,834.40 after opening marginally up by 6.75 points or 0.12% at 5,789.85 and touched a high of 5,844.85 and a low of 5,789.80 in the day.

Sectoral wise, barring IT index which ended negative dropping by 2.37%  all other indices closed positive. Topping the gainers list was Consumer Durables closing surging up by 4.26%, Realty and Capital Goods gaining up by 3.41% and 3.33%, Bankex, Metal and Power indices gained up between 3%-2%, PSU up by 1.28%, FMCG and Auto advanced up by 0.57% and 0.32%, while Healthcare and Oil & Gas tad up by 0.20% and 0.19%. From broader markets, Mid-cap and Small-cap indices gained up by 1.44% and 0.90% respectively.

Major stock gainers were, Coal India Limited and Larsen & Toubro surged up by 4.33% and 4.21%, HDFC Bank and BHEL gained up by 3.85% and 3.04%, Tata Steel Limited, ICICI Bank, HDFC and NTPC Limited advanced up between 3%-2%, Hindalco Industries Limited, Hero Motocorp, Jindal Steel & Power Limited, State Bank of India, Sun Pharmaceuticals and Reliance Industries Limited up between 2%-1% each, Maruti Suzuki, Gail (India), Tata Power Company and ITC up between 1%-0.50% while Bharti Airtel Limited advanced up by 0.43%.

Major stock losers were, Wipro Limited slumped by 7.95%, Infosys slipped by 2.22%, ONGC dropped by 1.84%, Tata Consultancy Services down by 1.75%, Bajaj Auto declined by 1.67%, Mahindra & Mahindra down by 1.20%, Dr Reddys Laboratories fell by 1.07%, Cipla Limited down by 0.90%, Sterlite Industries Limited down by 0.28 while Hindustan Unilever tad down by 0.09%.

Wipro Limited drowned by 7.95% after the company forecasting weak sales in its IT division for current quarter ending June 2013, revenue between $1.58-$1.61 billion compared to its $1.59 billion for the March quarter ended. Whereas, company reported 0.72% quarter-on-quarter growth in its consolidated net profit. 

Overall market breadth was positive with 1,390 shares advanced compared to 1,004 shares declined while 138 shares remained unchanged.

Market Pulse - 05 Apr, 2013

Fri, Apr 05, 2013 at 09:30 AM

Markets opened flat, amid weak global cues.

Markets have opened flat with negative bias amid weak global cues. Sensex opened down by 16.03 points or 0.09% at 18,493.67 is current at 18,691.42 down by 24.34 points or 0.13% while Nifty opened down by 6.65 points or 0.12% at 5,568.10 is current at 5,569.85 down by 4.90 points or 0.09%.

Sector wise, Healthcare, Auto, Realty, PSU and Oil & Gas indices gaining up between 0.20-0.70%, Bankex, FMCG and IT indices trading negative down between 0.20%-0.70%. In broader markets, both the indices Mid-cap and Small-cap indices advanced by 0.40% each.

Major stock movers were, Maruti Suzuki advancing by 2%, Gail (India), Tata Motors, BHEL, Bajaj Auto, Reliance Industries Limited, and ONGC gaining up by 1% each, while ICICI Bank Limited, HDFC, ITC and Tata Consultancy Services dropped between 1%-2% each whereas NTPC, Wipro Limited, HDFC Bank Limited and Infosys declining between 0.20%-0.60%.

Overall market breadth is positive with 650 shares advancing compared to 332 shares declining.

Market Pulse - 04 Apr, 2013

Wed, Apr 04, 2013 at 16:30 PM

Markets slumped, amid political uncertainity.

Markets after opening gap down in the morning could not recover and slumed further in noon session and ended firm negative, due to heavy sellings across the sectors, amid political uncertainity. Sensex closed down by 291.94 or 1.55% at 18,509.70 after opening gap down by 70.26 points or 0.37% at 18,731.38 and touched a high of 18,733.62 and a low of 18,473.82 while Nifty ended down by 98.15 points or 1.73% at 5,574.75 after opening down by 32.25 points or 0.57% at 5,640.65 and stroked a high of 5,644.45 and a low of 5,565.65 in the day.

Sectoral wise, all sector closed negative with Realty index leading the list slumped by 3.39%, following the trend were IT and Consumer Durables dropped by 2.45% and 2.05%, Bankex, Metal, Power, Capital Goods, FMCG and Oil & Gas indices declined between 2%-1% each, PSU dropped down by 0.61%, Healthcare fell by 0.52% and Auto index down by 0.42%. In broader markets, both the indices Mid-cap and Small-cap too slumped by 1.84% and 2.08% respectively.

Major stock gainers were, Dr. Reddys Laboratories surged up by 3.03%, Coal India Limited gainied up by 2.56%, Hindustan Unilever up by 1.68%, Maruti Suzuki advanced up by 1.06% while Mahindra & Mahindra and Tata Motors Limited marginally up by 0.26% and 0.08% respectively.

Major stock losers were, Jindal Steel & Power Limited slumped by 4.32%, Tata Steel Limited and Sterlite Industries dropped by 3.97% and 3.09%, Infosys, Hero Motocorp, ITC, Bharti Airtel, Hindalco Industries, Tata Consultancy Services, BHEL, HDFC and ICICI Bank Limited declined between 3%-2% each, State Bank of India, Cipla Limited, HDFC Bank, Larsen & Toubro, Tata Power Company, Reliance Industries Limited, Bajaj Auto and Wipro Limited fell between 2%-1% respectively, ONGC fell by 0.93%, Gail (India) down by 0.76%, NTPC down by 0.62% and Sun Pharmaceuticals fell by 0.55%.

Indraprastha Gas dipped by 2.70%, on reports of Supreme Court deferring its case hearing against Petroleum and Natural Gas Regulatory Board till April 16 2013.

Dr Reddys Laboratories surged up by 3.03% after company launched Zoledronic acid injection in the US market following approval by the USFDA (United States Food & Drug Administration).

Overall market breadth was firm negative with 1,850 shares declined compared to 907 shares advanced while 111 shares remained unchanged.

Market Pulse - 04 Apr, 2013

Wed, Apr 04, 2013 at 09:30 AM

Markets opened gap down, amid weak global cues.

Markets have opened gap down due to heavy sellings in financial and capital goods sector following weak global cues. Sensex opened gap down by 70.26 points or 0.37% at 18,731.38 is current at 18,619.88 down by 181.76 points or 0.97% while Nifty opened down by 32.25 points or 0.57% at 5,640.65 is current at 5,618.35 down by 54.55 points or 0.96%.

Sector wise, Realty index fell down by 1.70%, Bankex, Consumer Durables, Capital Goods, Metal, Oil & Gas and IT indices fell down between 1%-1.40%. In broader markets, Mid-cap and Small-cap indices fell down by 1% each.

Major stock movers were, ICICI Bank Limited, HDFC Bank Limited, State Bank of India and HDFC dropped between 1%-2% each, BHEL and Larsen & Toubro down by 1.80% and 1.30%.

Maharashtra Seamless up by 3.5%, after company announced that its board will consider share buyback proposal in the boards meeting to be held on 8th April 2013.

Overall market breadth is firm weak with 825 shares declining compared to 390 shares advancing.

 

Market Pulse - 03 Apr, 2013

Wed, Apr 03, 2013 at 16:30 PM

Markets closed negative, amid selling pressure.

Markets after opening almost flat in the morning session remained subdued most of the time till late noon where selling pressure was seen in index heavy weights dragging the markets lower to the days low. Sensex closed down by 239.31 points or 1.26% at 18,801.64 after opening flat down by 6.95 points or 0.04% at 19,034 and touching a high of 19,035.20 and a low of 18,721.72, while Nifty ended down by 75.20 points or 1.31% at 5,672.90 after opening down by 7.90 points or 0.14% at 5,740.20 and touching a high of 5,744.95 and a low of 5,650.10 in the day.

Sectoral wise, barring Healthcare and Power indices which ended marginally up by 0.17% and 0.06%, all other indices closed lower with Realty index leading the list and closed down by 2.68%, followed by Capital Goods, Auto and Metal declining between 2.30%-2% each, Oil & Gas, Bankex, Consumer Durables and PSU indices fell down between 2%-1%, IT declining by 0.91% while FMCG tad down by 0.07%. In broader markets, Mid-cap index declined by 0.81% and Small-cap index fell by 0.41%.

Major stock gainers were, Sun Pharmaceuticals advanced up by 1.54%, NTPC gaining by 0.94%, Tata Power Company up by 0.73% and ITC marginally up by 0.24%.

Major stock losers were, Bhart Airtel slumped by 3.95%, Bajaj Auto and Tata Motors Limited declined by 3.68% and 3.45%, Larsen & Toubro fell by 3.01%, Sterlite Industries, Hindalco Industries, Gail (India), Hero Motocorp, Reliance Industries Limited, Coal India Limited and ONGC declined between 3%-2%, Jindal Steel & Power Limited, Mahindra & Mahindra, Hindustan Unilever, ICICI Bank, State Bank of India, Tata Consultancy Services and BHEL down between 2%-1% each, Tata Steel Limited, Maruti Suzuki, HDFC, Cipla Limited and HDFC Bank down between 1%-0.50% respectively, Dr Reddys Laboratories and Infosys fell by 0.27% and 0.21% while Wipro Limited tad down by 0.18%.

Overall market breadth turned negative with 1,449 shares declined compared to 1,313 shares advanced while 131 shares remained unchanged.

Market Pulse - 03 Apr, 2013

Wed, Apr 03, 2013 at 09:30 AM

Markets opened flat, ahead of US data .

Markets opened almost flat with negative bias with selling pressure seen in fast cunsumer goods and consumer durables ahead of US data later today. Sensex opened flat down by 6.95 points or 0.04% at 19,034 is current at 18,983.16 down by 57.79 points or 0.30% while Nifty opened down by 7.90 points or 0.14% at 5,740.20 is current down by 16.80 points or 0.29% at 5,731.30.

Sector wise, Power, Realty, Healthcare were the indices which gained, while FMCG, Consumer Durables and Oil & Gas were indices which declined. In broader markets, Mid-cap and Small-cap  both gaining by 0.20% and 0.40% each.

Major stock movers were, Tata Power Company, BHEL and Cipla Limited gaining between 1%-4%, Bharti airtel slumped by 2%, Hindustan Unilever declined by 1.40% and ONGC fell by 1%.

Overall market breadth is positive with 813 shares gaining compared to 441 shares declining.

Market Pulse - 02 Apr, 2013

Tue, Apr 02, 2013 at 18:30 PM

Markets closed firm positive.

Markets after opening amlost flat in the morning session and traded range bound till early noon session ended firm positive led by index heavy weights amid positive European opening. Sensex closed up by 176.20 points or 0.93% at 19,040.95 after opening flat down by 0.93 points at 18,863.82 and touching a high of 19,060.51 and a low of 18,826.53 while NIfty ended up by 43.70 points or 0.77% at 5,748.10 after opening down by 2.70 points or 0.05% at 5,701.70 and touched a high of 5,754.60 and a low of 5,687.15 for the day.

Sectoral wise, all indices ended positive with Metal leading the list surging up by 2.07%, followed by Oil & Gas, Capital Goods, Healthcare, PSU, Power and Consumer Durables gaining between 2%-1% each, IT, Bankex and Realty gained up between 0.50%-1% respectively, Auto advanced up by 0.32% while FMCG marginally up by 0.07%. In broader markets, both the indices MId-cap and Small-cap closed positive up by 1.43% and 2.28%.

Major stock gainers were, Sun Pharmaceuticals and Wipro Limited surged up by 4.61% and 4.28%, Sterlite Industries gaining up by 3.79%, ONGC, Jindal Steel & Power Limited, State Bank of  India and Reliance Industries Limited gaining up between 3%-2% each,  Maruti Suzuki, Cipla Limited, Larsen & Toubro, Tata Steel Limited, BHEL, Hindalco Industries and Coal India Limited advanced up between 2%-1% respectively, HDFC Bank Limited, Infosys, Mahindra & Mahindra, Tata Consultancy Services and Dr Reddys Laboratories up between 1%-0.50%, Tata Motors Limited gained up by 0.49%, NTPC edged higher by 0.31% while Gail (India) and ITC marginally up by 0.22% and 0.21%.

Major stock losers were, Bajaj Auto declined by 1.53%, HDFC down by 0.74%, Tata Power Company fell by 0.47%, ICICI Bank Limited and Bharti Airtel down by 0.41% each while Hindustan Unilever and Hero Motocorp were tad down by 0.25% and 0.17%.

Overall market breadth was firm positive with 1,953 shares gained compared to 827 shares declined while 116 shares remained unchanged.

Market Pulse - 02 Apr, 2013

Tue, Apr 02, 2013 at 09:30AM

Markets opened flat.

Markets opened on a flat negative note, but managed to gain on back of buying in Oil & Gas sector. Sensex opened flat down by 0.93 points at 18,863.82 is current marginally up by 9.50 or 0.05% at 18,874.25 while NIfty opened flat down by 2.70 points or 0.05% at 5,701.70 is current at 5,704.85 flat up by 0.45 points.

Sector wise, Auto, Realty, FMCG, Bankex and IT indices down by 0.10%-0.50%, Healthcare, Capital Goods, Metal, Power, PSU and Oil & Gas indices advancing up between 0.30%-0.70% while Consumer Durables index is almost flat with negative bias. In broader markets, both the indices MId-cap and Small-cap  gained up by 0.30% each.

Major stock movers were, Larsen & Toubro, Cipla Limited and Tata Steel Limited advanced up by 1% each, Sterlite Industries, Sun Pharmaceuticals, Jindal Steel & Power Limited, BHEL, Gail (india), Hindalco Industries, Reliance Industries Limited, NTPC and Mahindra & Mahindra gaining up between 0.50%-0.80%. Whereas, Tata Motors Limited, BAjaj Auto, Maruti Suzuki and Hero Motocorp were trading weak between 0.20%-1%, HDFC, HDFC Bank Limited and ICICI Bank Limited down between 0.20%-0.60% each, Bharti Airtel, Tata Consultancy Services, ITC and Tata Power Company fel between 0.20%-0.30% respectively.

Overall market breadth is positive with 819 shares advancing compared to 387 shares declining.

Market Pulse - 01 Apr, 2013

Mon, Apr 01, 2013 at 17:30 PM
Markets closed marginally positive.

Markets closed marginally positive after opening firm positive in the morning and trading almost flat to negative in noon session as weak Asian bourses impacted Indian market. Sensex closed 28.98 points or 0.15% at 18,864.75 after opening up by 55.04 points or 0.29% at 18,890.81 and touching a high of 18,959.48 and a low of 18,796.60, while Nifty ended up by 21.85 points or 0.38% at 5,704.40 after opening up by 14.80 points or 0.26% at 5,697.35 and striking a high of 5,720.95 and a low of 5,675.90 in th eday.

Sector wise, except for Metal, Auto and FMCG were only indices which closed negative down by 1.22%, 0.75% and 0.04% all other indices ended positive with Realty index leading the list surging up by 5.37% followed by indices like Capital Goods and Power gaining by 1.68% and 1.09%, Healthcare advanced up by 0.97%, Bankex up by 0.63%, Oil & Gas, Consumer Durables and PSU edged up by 0.42% while IT ended up by 0.36%. In broader markets, Mid-cap index gained up by 1.28% and Small-cap index surged up by 2.30%.

Major stock gainers were, Dr Reddys Laboratories surged up by 3.34%, BHEL gaining up by 2.83%, Larsen & Toubro advanced up by 2.18%, Infosys gained up by 1.85%, Cipla Limited, Hindustan Unilever and NTPC up between 1.20%-1%, State Bank of India, Tata Steel Limited and ICICI Bank Limited up between 1%-0.60%, Reliance Industries Limited, Gail (India) and Bharti Airtel up between 0.60%-0.50% while Maruti Suzuki and Hindalco Industries marginally up by 0.27% and 0.22% reapectively.

Major stock losers were, Sterlite Industries dropped down by 4.37%, Jindal Steel & Power Limited, Tata Motors Limited, Coal India Limited, Wipro Limited, ONGC and Tata Consultancy Services dropped down between 2%-1%, ITC declined by 0.91%, Mahindra & Mahindra down by 0.79%, Tata Power Company and Bajaj Auto fell by 0.62%, Sun Pharmaceuticals, Hero Motocorp and HDFC declined by 0.53%, 0.41% and 0.33% each while HDFC Bank Limited tad down by 0.03%.

Overall market breadth was firm positive with 1,874 shares advanced compared to 869 shares declined while 92 shares remained unchanged.

Market Pulse - 28 Mar, 2013

Thu, Mar 28, 2013 at 17:30 PM
Markets closed firm positive.
Markets closed higher amid buying spree in banking and metal sectors. Sensex closed up by 131.24 points or 0.70% at 18,835.77 after opening almost flat down by 2.07 points or 0.01% at 18,702.46 and touched a high of 18,882.54 and a low of 18,568.43, while Nifty ended up by 40.95 points or 0.73% at 5,682.55 after opening flat up by 6.15 points or 0.11% at 5,647.75 and touching a high of 5,692.95 and a low of 5,604.85 in the day.

Sector wise, barring Auto sector which ended down by 0.76% all other indices closed positive with Metal index leading the list closed up by 2.69% and Capital Goods surged up by 2.17%, Consumer Durables, PSU, Bankex, IT, Realty and Power advanced up between 2%-1%, Healthcare gained up by 0.86%, Oil & Gas up by 0.45% and FMCG up by 0.41%. In broader markets, Mid-cap and Small-cap surged up by 1.46% and 1.32% respectively.

Major stock gainers were, Gail (India) spurted up by 5.02%, Hindalco Industries surged up by 3.98%, ONGC gained up by 2.92%, Sterlite Industries up by 2.91%, HDFC Bank Limited up by 2.70%, Coal India Limited gained up by 2.62%, ICICI Bank Limited advanced by 2.37%, Larsen & Toubro gained up by 2.09%, Tata Steel Limited up by 1.99%, Tata Power Company up by 1.74%, Infosys gained up by 1.25%, State Bank of India up by 1.04%, ITC up by 0.98%, Tata Consultancy Services gained by 0.93%, Dr Reddys Laboratories up by 0.61%, HDFC, BHEL and Wipro Limited inched up between 0.38%-0.31% while Cipla Limited tad up by 0.01%.

Major stock losers were, Tata Motors slumped by 2.16%, Hero MotoCorp dropped by 1.95%, Bharti Airtel declined by 1.77%, Jindal Steel & Power Limited declined by 1.35%, Hindustan Unilever slipped by 1.34%, Reliance Industries Limited down by 1.24%, Maruti Suzuki fell by 1.04%, Sun Pharmaceuticals down by 0.46%, NTPC declined by 0.35%, Mahindra & Mahindra fell by 0.24% and Bajaj Auto tad down by 0.02%.

NTPC slipped by 0.30%, after the company announced that power projects in Sri Lanka, Bangladesh are on track, remaining undeterred by current political developments in these places.

Aurobindo Pharma Ltd spurted up by 11.67%, after the company stated that the US Food and Drug Administration’s (USFDA) has lifted the import alert for non-sterile products manufactured in its UNIT-VI cephalosporin facility based in Hyderabad.

Novartis India Ltd gained up by 3.75%, after the company stated that to meet the SEBI guidelines on the minimum public shareholding in the listed companies it's Swiss-promoter Novartis AG intends to reduce its stake in the Indian entity.

Overall market breadth was firm positive with 1,625 shares advanced compared to 1,149 shares declined while 124 shares remained unchanged.

Market Pulse - 26 Mar, 2013

Tue, Mar 26, 2013 at 16:30 PM
Markets closed marginally positive, snapping its 7 days losing streak.
Markets after opening weak in the morning tracking weak global cues managed to closed marginally higher also ending its 7-day losing streak, amid buying interest in Healthcare and Consumer Goods sectors. Sensex closed up by 23.11 points or 0.12% at 18,704.53 after opening down by 36.33 points or 0.19% at 18,645.09 and touched a high of 19,028.09 and a low of 18,836.77 while Nifty ended marginally up by 7.75 points or 0.14% at 5,641.60 after opening down by 20.10 points or 0.36% at 5,613.75 and touched a high of 5.655.30 and a low of 5,612.05 for the day.

Sector wise, Consumer Durables and FMCG indices gained by 1.58% and 1.13%, IT, Auto and Bankex gaining up between 0.30-0.50% while Healthcare index was marginally up by 0.09%. Whereas, Oil & Gas index dropped by 2.06%, Realty declined by 1.95%, Capital Goods down by 1.85%, Power fell by 1.05% while Metal and PSU were down by 0.41% and 0.33%. In broader markets, Mid-cap index declined by 0.11% while Small-cap index edged up 0.04%.

Major stock gainers were, Bharti Airtel Limited surged up by 2.98%, HDFC and Hindustan Unilever 2.17% and 2.15%, Tata Motors Limited, ITC, Coal India Limited and Wipro Limited gaining up between 2%-1%, ICICI Bank Limited, Tata Consultancy Services, Jindal Steel & Power Limited and HDFC Bank Limited gaining up between 0.50%-1%, Sun Pharmaceuticals up by 0.11%, Maruti Suzuki Limited edged up by 0.11%, NTPC and Infosys were tad up by 0.07% and 0.03%.

Major stock losers were, Reliance Industries Limited and Gail (India) slumped by 3.25% and 3.20%, Tata Steel Limited, Hero Motocorp and Larsen & Toubro dropped between 3%-2%, BHEL declined by 1.76%, Tata Power Company, Dr. Reddys Laboratories, ONGC and Sterlite Industries fell by 0.50%-1% each, Bajaj Auto down by 0.39%, State Bank of India down by 0.34%, Cipla Limited and Mahindra & Mahindra declining by 0.21% each.

Gail (India) dropped down over 3.25%, reports that Tamil Nadu government has blocked work on Kochi-Bengaluru gas pipeline.

Balmer Lawrie & Company gaining by 1.67%, ahead of its board meeting today to consider a maiden bonus issue proposal.

Larsen & Toubro declined by 2.24%, after the announcement that L&T General Insurance will be merged with Future Generali Insurance.

Overall market breadth was negative with 1,459 shares declined compared to 1,290 shares advanced while 136 shares remained unchanged.

Market Pulse - 26 Mar, 2013

Tue, Mar 26, 2013 at 15:30 PM
Markets closed marginally positive.
Market after opening weak in the morning closed marginally positive. Sensex ended up by 10 points or 0.05% at 18,691.42 (provisionally) while Nifty closed up by 3.15 points or 0.06% at 5,637.00 (provisionally).

Tue, Mar 26, 2013 at 11:30 AM
Markets turns marginally positive.
Markets gaining marginally led by buying interest in FMCG and financial shares, although its trading in a narrow range. Sensex gaining up by 40 points at 18,721 while Nifty up by 11 points at 5,645.

Sector wise, FMCG index surged by over 1%, Consumer Durable, Banks, Healthcare, IT and PSU also gaining up marginally, while Realty, Oil & gas and Capital Goods indices declining between 1%-2% each.

Major gainers were, Coal India Limited, Bharti Airtel Limited, Hindustan Unilever Limited, ITC Limited and HDFC gaining between 1%-2%. Major losers were, Gail (India) dropped down over 3%, Reliance Industries Limited, Tata Steel Limited, Larsen & Toubro and Tata Power fell between 1%-3% each.

Syndicate Bank down almost by 4%, Indian Overseas Bank and Oriental Bank of Commerce fell down by 3% each after global rating agency Moody’s downgraded its Standalone Bank Financial Strength Rating (BFSR) on concerns of falling asset quality, pressure on profitability and capital generation.

Gail (India) dropped down over 3%, reports that Tamil Nadu government has blocked work on Kochi-Bengaluru gas pipeline.

Balmer Lawrie & Company gaining by 3%, ahead of its board meeting today to consider a maiden bonus issue proposal.

Larsen & Toubro declined by 1.30%, after the announcement that L&T General Insurance will be merged with Future Generali Insurance.

Overall market breadth in remains almost flat.

Tue, Mar 26, 2013 at 09:30 AM
Markets opened weak, amid weak global cues.
Markets opened lower tr acking weak global cues. Sensex after opening by points or % at is currnt at 18,665 down by 15 points while Nifty after opening by points or % at is current down by 6 points at 5,627.

The stock exchanges will remain closed on Wednesday and Friday following Holi and Good Friday holidays.

Sectoral wise, Realty and Oil & Gas indices declining nearly by 1% each, followed by indices Consumer Durables, Auto, Banks, PSU and Healthcare declining marginally. In broader markets, Mid-cap index declining by 0.27% and Small-cap fell marginally by 0.04%.

Major gainers were, Coal India Limited and HDFC gaining up by 1% each, while losers were, GAIL (India), Mahindra & Mahindra, Reliance Industries Limited, Tata Steel Limited, Cipla Limited, Bajaj Auto, Bharti Airtel and Dr Reddy’s Laboratories declining between 0.5-1% each.

Tata Consultancy Services is trading almost flat, amid news that Norway Post has awarded contracts worth $43 million to operate and manage its applications.

Colgate Palmolive slumped by 2%, after its board approved the selling of a division to Colgate Global Business Services for Rs 59.89 crore.

Overall market breadth is negative.

Market Pulse - 25 Mar, 2013

Mon, Mar 25, 2013 at 15:30 PM
Markets closed weak after firm opening.
MArkets closed weak after opening firm. Sensex closed down by 55.24 points or 0.29% at 18,680.36 (provisionally) while Nifty ended down by 16.35 or 0.29% at 5,635.00 (provisionally).

Mon, Mar 25, 2013 at 14:30 PM
Markets turned weak, amid profit booking.
Markets after opening up in the morning have pared off its gain amid profit booking in select counter. Sensex is down by 52.17 points or 0.28% at 18,683.43, while Nifty is down by 10.10 points or 0.18% at 5,641.25.

Sectoral wise, PSU, Realty, Oil & Gas and Power indices gained while IT, Auto and FMCG indices declined. In broader markets, both the indices were trading positive with Mid-cap up by 0.20% and Small-cap gaining up by 0.40%.

Coail India inched up by 0.50% after P.Morgan upgraded Coal India to "Neutral" from "Underweight", stating that the decline in the share price this year is making the risk reward relatively more attractive.

Hindustan Unilever gained by 0.40% after Deutsche Bank upgraded Hindustan Unilever from "Neutral" to "Buy".

Nestle India declined by 1.30%, after the Indian unit of Nestle Group stated that it would implement a staggered increase in royalty payments to the parent company of 0.20% per year over the next five years.

Overall market breadth turned negative, with 1,353 shares declining compared to 1,250 shares advancing.

Mon, Mar 25, 2013 at 09:30 AM
Markets opened higher, tracking positive global cues.
Markets have opened higher tracking positive global cues. Sensex surged up by 129 points at 18,865, while Nifty gaining up by 39 points at 5,691.

Sector wise, barring IT index which was trading negative, all other indices gaining were Realty, Consumer Durable, PSU and Oil & Gas surging up by nearly 2%, Power, Banks, Metal and Capital Goods also gaining up by 1% each. In broader markets, both the indices Mid-cap and Small-cap were trading firm up by nearly 1% each.

Major stock movers were, Gail (India), ONGC, HDFC Tata Power Company, NTPC, Tata Steel Limited, State Bank of India, ICICI Bank Limited and Maruti Suzuki surging up between 1-3%, while Bharti Airtel, Infosys and Bajaj Auto declining by 1% each.

Oil marking companies (OMC) shares rallied up by 5% in the morning deals after the public sector oil retailers increased diesel retail prices by 45 paise a liter. Indian Oil Corporation, HPCL and BPCL were trading higher up by 3%, while ONGC and Oil India surged up by 4% and 5%.

Overall market breadth is firm positive with 908 shares advancing compared to 434 shares declining.

Market Pulse - 21 Mar, 2013

Thu, Mar 21, 2013 at 17:30 PM
Markets closed weak, amid profit booking.
Markets after opening up in the morning could not sustain its gain in the noon and closed lower, due to profit booking in Oil & Gas, Auto and FMCG sector amid weak European cues. Sensex closed down by 91.32 points or 0.48% at 18,792.87, after opening up by 42.02 points or 0.22% at 18,926.21 and striking a high of 19,028.09 and a low of 18,836.77, while Nifty closed down by 35.65 points or 0.63% at 5,658.75, after opening up by 11.50 points or 0.20% at 5,705.90 and touching a high of 5,757.75 and a low of 5,647.95 in the day.

Sectoral wise, barring Consumer Durables and IT indices which closed up by 0.78% and 0.27%, all other indices ended negative. Realty index slumped down by 2.91%, Power, Capital Goods and Auto indices dropped down by 2.38%, 2.30% and 2.23%, PSU and Oil & Gas declined by 1.19% and 1.18%, Metal down by 0.94%, Healthcare fell by 0.79%, FMCG down by 0.59% and Bankex down by 0.31%. In broader markets, both the indices Mid-cap and Small-cap dropped down by 1.07% and 1.23% respectively.

Major stock gainers were, Bharti Airtel spurted up by 5.99%, ICICI Bank Limited surged up by 3.35%, HDFC advanced up by 2.09%, Jindal Steel & Power Limited gaining up by 1.02%, Wipro Limited gained up by 0.99%, Mahindra & Mahindra advanced up by 0.67%, Infosys, Coal India gained and Tata Consultancy Services up by 0.25%-0.24% each, Gail (India) inched up by 0.19% while State Bank of India tad up by 0.11%.

Major stock losers were, Bajaj Auto Limited, Tata Motors Limited and Tata Power Company slumped by 4.61%, 4.22% and 4.06%, HDFC Bank Limited dropped down by 3.14%, Larsen & Toubro, Maruti Suzuki, Hindalco Industries and Tata Steel Limited dropped down between 3%-2% each, Hindustan Unilever, Hero Motocorp, Dr Reddys Laboratories, Cipla Limited, BHEL and Reliance Industries Limited fell between 2%-1% respectively, Sun Pharmaceuticals down by 0.98%, ONGC fell by 0.95%, NTPC fell by 0.90%, ITC down by 0.80% and Sterlite Industries down by 0.44%.

Ingersoll Rand (India) rallied by 6.80%, after the company inaugurated its greenfield manufacturing facility at the Mahindra World City, Chennai, yesterday.

HDIL (Housing Development and Infrastructure Limited) closed down by 2.16%, extending its last four-days fall, despite the company stating that it has not accepted the rating assigned by local rating agency for its non-convertible debentures (NCDs) and has submitted to review the same.

Overall market breadth was firm negative with 1,926 shares declined compared to 942 shares advanced, while 119 shares remained unchanged.

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.

Market Pulse - 19 Mar, 2013

Tue, Mar 19, 2013 at 16:30 PM
Markets closed weak, amid political uncertainty.
Markets opened firm positive after tracking positive cues from Asian markets but closed weak amid political uncertainty after the DMK withdrew support to the ruling government UPA (United Progressive Alliance). Sensex closed down by 285.10 points or 1.48% at 19,008.10 after touching a high of 19,378.61 and a low of 18,939.47, whilw Nifty ended down by 89.30 points or 1.53% at 5,745.95 after touching a high of 5,863.60 and a low of 5,724.30 in the day.

Sectoral wise, all sectors ended the day negative with Realty index leading the list dropping down by 3.63%, followed by Capital Goods, Metal and PSU declining by 2.69%, 2.59% and 2.08%, Power, Bankex, Oil & Gas, Auto, Consumer Durables fell between 2-1% each, IT and FMCG dropped down by 0.69% and 0.41%, while Healthcare closed marginally down by 0.24%. In broader markets, Mid-cap index dropped down by 1.37% and Small-cap declined down by 1.57%.

Major stock gainers were, Gail (India) surging up by 1.96%, Bajaj Auto gained up by 1.17%, Sun Pharmaceutical gained up by 0.74%, ITC up by 0.44%, while Maruti Suzuki and Wipro Limited marginally up by 0.16% and 0.07%.

Major stock losers were, BHEL slumped down by 5.05%, Bharti Airtel and Sterlite Industries dropped down by 4.74% and 4.15%, Jindal Steel & Power Limited declined by 3.96%, Mahindra & Mahindra fell by 3.45%, HDFC dropped down by 3.01%, Tata Steel Limited, Larsen & Toubro, Hero Motocorp, ONGC, Hindalco Industries, Hindustan Unilever and State Bank of India declined down between 3%-2% each, Cipla Limited, ICICI Bank Limited, HDFC Bank Limited, Coal India Limited, Dr. Reddys Laboratories, Tata Consultancy Services, Tata Motors Limited and NTPC fell between 2%-1% respectively, Reliance Industries and Tata Power Company down by 0.79% and 0.56%, while Infosys declined marginally by 0.08%.

Reserve Bank of India (RBI) in its mid-quarter review of the monetary policy cut the repo rate by 25 basis points to 7.50%, but at the same time it also said that “the headroom for further monetary easing remains quite limited."

Sun TV Network slumped by 5.98% after DMK (Dravida Munnetra Kazhagam) withdrew its support to the UPA (United Progressive Alliance) government, over Sri Lanka issue. The company is owned and operated by Kalanidhi Maran, the nephew of DMK chief M Karunanidhi. Meanwhile, Citigroup downgraded the stock from "Buy" to "Neutral" citing its stronger performance compared with peers recently.

Bharti Airtel declined by 4.74%, on reports that the 2G Trial Court has summoned Sunil Mittal, chairman and managing director of the company in the additional spectrum allocation case.

Coal India dropped down by 1.50%, on reports that the UK-based TCI, a minority shareholder, called for CAG (Comptroller Auditor General) investigation in the company’s Fuel Supply Agreements (FSAs). According to TCI, the company has taken steps that have negative impact for investors, added report.

Overall market breadth was firm weak with 1,958 shares declined compared to 904 shares advanced, while 108 shares remained unchanged.