Wednesday 17 April 2013

Daily Equity Market Report – April 17, 2013

Starting the day after substantial gain Indian benchmark indices slipped in the afternoon trade and ended the day with inch lower to the previous close. Nifty fell down by 0.25 points closed at 5688.70 level while Sensex ended at 18731.16 plunged by 13.77 points.  

Investors booked their profit on technology stocks after the Q4 results. Heavy weight Reliance plunged almost 4% as company reported flat growth in sales and other income component boosted its bottom-line. ITC gained and hits the all time high of Rs 314. Gains in FMCG, realty and auto were offset by losses in oil & gas, technology and capital goods sectors.

Among the sectoral indices CNX Media (1.38%), CNX Auto (1.25%), PSU Bank (1.25%) and FMCG (1.25%) gained while CNX IT was the biggest loser.

Out of 50 stocks of Nifty 27 ended the day in green while 23 ended in red.

Top 5 Nifty Gainers: Sesagoa (4.43%), Ambuja cement (4.07%), M&M (3.75%), Sun Pharma (3.10%) and LUPIN (3.09%) were among the biggest gainers.

Top 5 Nifty losers: Reliance (-3.34%), Reliance Infrastructure (-2.49%), ONGC (-1.78%), Tata Power (-1.77%) and TCS (-1.57%) were among the top losers.

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