Market Pulse - 5 Jun, 2013

Wed, Jun 5, 2013 at 16:00 PM

Markets closed marginally positive.

Markets after opening weak,  slipped down further and remained subdued and traded in a range, till late noon buying interest was seen in index heavy-weight Reliance Industries Limited ahead of AGM, which led markets to closed marginally positive. Sensex closed up by 22.44 points or 0.11% at 19,568.22 after opening negative down by 13.36 points or 0.07% at 19,532.42 and touched a high of 19,604.43 and a low of 19,441.35 while Nifty closed up by 4.40 points or 0.07% at 5,923.85 after opened flat negative down by 11.15 points or 0.19% at 5,908.30 and touched a high of 5,883.70 and a low of 5,935.20 in the day.

Sectoral wise, Oil & Gas and Realty indices surged up by 1.77% and 1.35%, Metal, PSU, Capital Goods, Healthcare and Auti indices gained between 0.50%-0.20%, Power and Bankex advanced up marginally by 0.11% and 0.08%, while IT index dropped by 0.76%, FMCG and Consumer Durables fell by 0.50% and 0.45%. Broader markets too closed in line with index, with Mid-cap index closed almost flat up by 0.06% and Small-cap index flat up by 0.12%.

Major stock gainers were, Reliance Industries Limited surged up by 2.56%, ONGC, Sun Pharmaceuticals, Hindalco Industries Limited and Maruti Suzuki rose between 2%-1%, Gail (India), Jindal Steel & Power Limited, larsen & Toubro and HDFC Bank Limited gained between 1%-0.50%, State Bank of India, Tata Steel Limited, Sterlite Industries Limited, Mahindra & Mahindra, Tata Motors Limited, Dr Reddys Laboratories and Tata Consultancy Services advanced between 0.50%-0.20% while NTPC and Cipla Limited tad up by 0.06% and 0.03%.

Major stock losers were, Wipro Limited dropped by 1.59%, Infosys and HDFC fell by 1.32% and 1.23%, ITC, Bharti Airtel Limited, BHEL, ICICI Bank Limited, Bajaj Auto, Coal India Limited and Hero Motocorp slipped between 1%-0.20% while Tata Power Company and Hindustan Unilever fell marginally by 0.11% and 0.08%.

Overall market breadth was negative with 1,255 shares declined compared to 1,085 shares advanced while 148 shares remained unchanged.