Monday 15 April 2013

Daily Equity Market Report – April 15, 2013

Nifty & Sensex ended higher to the previous close, after opening in the negative zone. Northward momentum was led by lower than expected inflation data and continuous fall of crude and gold prices. Nifty ended at 5568 level with 39.85 points higher to the previous close while Sensex closed at 18357 gaining 115 points.

India's headline inflation slowed to the lowest rate in more than three years in March that eventually cemented the hopes of rate cut by RBI. WPI cooled to 5.96 % in March after an annual uptick to 6.84% in February, the lowest rate since November 2011.

All the oil and gas stock gained as  US crude oil futures dropped below USD 90 a barrel mark for the first time in more than a month as economic growth unexpectedly eased in China.

Market breadth was positive on the NSE with 776 gainers against 507 losers.
Out of 50 stock of Nifty 25 stock ended in green while 25 in red.

Top 5 Nifty Gainers: BPCL was the biggest gainer of the day surging almost 5.5%, while Bank of Baroda (3.14%), ONGC (3.08%), PNB (2.87%) and SBIN (2.80%) joined the party.

Top 5 Nifty Losers: Sesagoa plunged 3.31% followed by Dr. Reddy (-2.80%), TCS (-2.56%), DLF (-2.53%) and Tata Motors (-2.33%).

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