Market Pulse - 4 Jun, 2013

Tue, Jun 4, 2013 at 16:00 PM

Markets closed lower.

Markets gained after opening weak in the morning session and traded almost subdued in a range before it slipped down in the late noon trades amid sellings in banking and index heavy weights. Sensex closed down by 64.70 points or 0.33% at 19,545.78 after opening flat negative by 4.80 points or 0.02% at 19,605.68 and touched a high of 19,742.70 and a low of 19,522.47 while Nifty closed down by 19.85 points or 0.33% at 5,919.45 after opened flat up by 1.80 points or 0.03% at 5,941.10 and touched a high of 5,981.60 and a low of 5,910.25 in the day.

Sectoral wise, Healthcare index surged up by 2.12%, Capital Goods gained up by 0.93%, Power and FMCG indices advanced up by 0.55% and 0.35%, Consumer Durables index dropped by 1.18%, Bankex, Realty, IT and Auto indicdes declined between 1%-0.50%, Metal and Oil & gas fell by 0.45% and 0.23% while PSU down marginally by 0.09%. From the broader markets Mid-cap index closed almost flat positive up by 0.09% and Small-cap index flat advanced up by 0.35%.

Major stock gainers were, Dr. Reddys Laboratories, Cipla Limited, Wipro Limited, Larsen & Toubro, Mahindra & Mahindra and NTPC surged between 2%-1% each, Tata Power Company and Tata Steel Limited rose up by 0.96% and 0.57%, Bajaj Auto, ITC, ONGC, Bharti Airtel Limited and Sun Pharmaceuticals gained between 0.50%-0.10% while Hero Motocorp marginally tad up by 0.04%.

Major stock losers were, Tata Motors Limited and State Bank of India dropped by 2.34% and 2.11%, Jindal Steel & Power Limited, HDFC, Sterlite Industries Limited and Maruti Suzuki declined between 2%-1%, Reliance Industries Limited, BHEL, HDFC Bank Limited and Infosys fell betweeb 1%-0.50%, Hindalco Industries Limited, Tata Consultancy Services, ICICI Bank Limited, Coal India Limited and Hindustan Unilever  slipped down between 0.50%-0.20% while Gail (India) fell marginally by 0.10%.

Overall market breadth was marginally negative with 1,215 shares declined compared to 1,119 shares advanced while 162 shares remained unchanged.