Mumbai Stcok Exchange Building

Mumbai Stcok Exchange Building
Mumbai Stock Exchange

Tuesday, March 26, 2013

Daily stock market review



In spite of negative cues from global market and ongoing political uncertainty, Indian stock indices managed to end its seven day losing streak and ended the day’s trading slightly above yesterday’s close. Trading sentiment improved on investors covering their pending long positions created in last seven sessions before the settlement in derivatives segment on Thursday. However the market today was in negative zone at the opening bell. The key indices hit their intraday low in the morning session and then made a smart recover to hit their intraday high levels in the afternoon session and closed today's trade on a positive note. Positive opening of the European market also helped the market to end in positive territory.

The 30-share BSE Sensex gained 23.11 points to end the day’s trading at 18704.53. The Sensex hit to a day's high of 18758.88 and a fell to a day's low of 18612.37. It opened at 18654.09. The broader indices, NSE Nifty gained 7.75 points, to end the day’s trading at 5641.60. The 50-share Nifty touched a day's high of 5655.30 and fell to a day's low of 5612.05. It opened at 5613.75.

Of the 50-share Nifty pack 26 stocks ended with gains while the rest 24 stocks closed with losses. The top 5 gainers among NSE stocks are: Bharti Airtel surging by 2.88 %, followed by HUL (2.47 %), HDFC (2.23 %), Ranbaxy (2.20 %) and Tata Motors (1.87 %). The top 5 losers among NSE socks are: Reliance Infra (6.10 %), Siemens (4.93 %), Reliance (3.20 %), GAIL (3.20 %) and Hero MotoCorp (2.83 %).

Of the 30 shares of BSE index components, 16 stocks ended in positive terrain, while the rest 14 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: Bharti Airtel surging by 2.98 %, followed by HDFC (2.17 %), HUL (2.15 %), Tata Motors (1.72 %) and ITC (1.27 %).The top 5 losers of the Sensex pack were: Reliance (3.25 %), GAIL (3.20 %), Tata Steel (2.72 %), Hero MotoCorp (2.69 %) and L&T (2.24 %).

Both BSE Mid Cap and BSE Small Cap index closed flat. Among the 13 sectoral indices in BSE, six sectors closed in the red zone while seven sectors closed in the green. Top 3 gainers in BSE sectoral index are - BSE CD up by 1.59 %, BSE FMCG up by 1.13 % and BSE TECK surging 0.66 %. Top 3 losers in BSE sectoral index are - BSE Oil & Gas down by 2.06 %, BSE Auto Realty down by 1.95 % and BSE Capital Goods down by 1.85 %.

The market breadth stood in favor of the bears. Of the 2,885 stocks traded on the BSE, 1,290 (44.71%) rose, 1,459 (50.57%) fell and 136 (4.71%) stocks remained unchanged.

Asian stocks ended mixed as key benchmark indices in Singapore, Hong Kong and South Korea closed up while those from Japan and China declined. Taiwan ended flat. European markets opened the day’s trading on a firm positive note and is trading higher at present. Markets in the US are trading higher as data showed the economy continued to slowly improve.

Indian market will remain close tomorrow on the occasion of Holi.

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