Daily Equity Market Report – May 31, 2013

Indian equity markets witnessed the tremendous selling pressure followed by derivatives expiry and the rupee hits the 11-month low against the USD. Southward momentum was fuelled by RBI Governor D. Subbarao’s comments on Inflation that it is still high and current account gap remained a concern for the Indian economy. Nifty breached 6000 mark and ended the day at 5985 shedding 139.10 points or -2.26% while Sensex tanked more than 450 points or -2.25% and closed at 19760.30.

RBI governor’s comments on inflation reduced the hopes of interest rate cut in June monetary policy review and further dented the rate sensitivities.

 GDP data for the March quarter failed to lift sentiments on the Street. India's economy grew 5% in 2012-13, its lowest rate in a decade. Gross Domestic Product grew at 4.8% in the quarter ending March 31. The manufacturing sector grew an annual 2.6% during the quarter while farm output rose just 1.4%.

Among the sectoral indices CNX Realty was the biggest loser of the day plunging -3.61% followed by CNX PSU bank (-3.09%) and CNX Finance (-2.87%) while CNX IT was only gainer of the day gaining 1.28%.

Out of 50 stocks of Nifty 5 stocks ended in positive zone while 45 ended in red.

Top 5 Nifty gainers: Infosys (2.67%), Sesagoa (2.44%), Ambuja Cement (0.85%), HCL (0.65%) and TCS (0.11%) were top gainers.

Top 5 Nifty losers: Ultra Cement (-5.18%), Reliance infrastructure (-4.92%), PNB (-4.64%), GAIL (-4.57%) and IDFC (-4.57%) were index top losers.

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Daily Equity Market Report – May 30, 2013

Indian equity markets witnessed almost flat session with negative bias throughout the day but in the last half an hour market responded to the momentum led by position squaring-off on expiry in derivatives segment and recovered its losses and ended the day in positive territory. Nifty ended the day at 6124.05 up by 19.75 points meanwhile Sensex closed at 20215.40 and gained 67.76 points.

Utility vehicle maker Mahindra & Mahindra reported a better-than-expected fourth quarter net profit of Rs 889 crore, up near 2 percent year-on-year, helped by sales growth, which was also ahead of street expectations and exceptional gain from sale of Mahindra Holidays and Resorts shares.
IOC's net profit rose to Rs 14512 crore from Rs 3332 crore quarter-on-quarter.  Its revenue stood at Rs 1.28 lakh crore while gross refining margin was at USD 2.39 per barrel.

Cipla was under pressure after its reported net profit for quarter ended March 2013 was below analysts and street estimates. The Pharma major reported 8.3 per cent Y-o-Y drop in its net profit to Rs 268 crore, weighed down by higher interest expenses.

Among the sectoral indices CNX Auto surged 2.17% and was the biggest gainer of the day followed by CNX FMCG (1.92%) and CNX Consumption (0.62%) while CNX Realty (-2.61%) was the top loser.

Out of 50 stocks of Nifty 21 stocks ended in green, 28 stocks in red and 1 remain unchanged.

Top 5 Nifty gainers: M&M (4.93%), Tata Motors (3.69%), ITC (3.60%), Asian Paints (2.55%) and Kotak Bank (2.41%) were Nifty top gainers.

Top 5 Nifty losers: CIPLA (-4.72%), Tata Steel (-3.80%), JP Associate (-3.47%), Hindalco (-3.36%), ICICI Bank (-3.04%) were top losers.

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Daily Equity Market Report – May 29, 2013

Market surged almost 0.56% due to the better than expected result from Index heavyweight HUL. 50 stocks index Nifty breached 5900 mark and ended at 5904.10 up by 32.65 points while Sensex closed at 19387.50 up over 100 points.

HUL reported 15% increase in the net profit to Rs. 787 crore for the fourth quarter of FY 2012-13. Maruti Suzuki hits 52 week high after reporting 80% increase in the net profit for the last quarter of FY 2012-13.

Among the sectoral indices CNX MNC increased by 2.61% followed by CNX FMCG (2.31%) & CNX Realty (1.77%). CNX Metal was down by -1.25%.

Market breadth was positive on the NSE with 722 gainers against 567 losers. 

Among the 50 shares of Nifty 29 stocks advanced while 21 declined.

Top 5 Nifty gainers: HUL was the lead gainer, increased by 7.11%. Reliance Infrastructure Limited (4.35%), IndusInd Bank (3.68%), JP Associates (3.00%) and Hero Motorcorp (2.70%) were among the top gainers.

Top 5 Nifty losers: Jindal steel plunged -3.95% followed by NMDC (-2.33%), Coal India (-1.93%), Sun Pharma (-1.63%) and SBI (-1.04%).

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Daily Equity Market Report – May 28, 2013

Indian benchmark equity indices continued their upward momentum for the second consecutive trading session. The markets picked up the momentum in the late afternoon trade, led by gains in auto, oil & gas and power sectors on the back of positive cues from European peers. 50 stocks Nifty and 30 Stocks Sensex closed at positive terrain, Nifty crossed the 6100 level and closed at 6111.25 up by 28.10 points while Sensex ended at 20160.82 up by 130.05 points.

Shares of Coal India gained on the back of good results announced post market hours yesterday. It reported a net profit of Rs 5,414 crore for the quarter ended March 2013, up 35%, as compared to a net profit of Rs 4013.4 in the same quarter last fiscal.

Among the sectoral indices CNX PSE (1.53%) was the biggest gainers of the day followed by CNX Energy (1.52%) and CNX Auto (1.43%) while CNX Pharma was the biggest loser down by -0.69%.
Out of 50 stocks of Nifty 27 stocks ended in positive territory and 23 ended in negative.

Top 5 Nifty gainers: Hero Motorcorp (6.99%), JP Associate (4.20%), BHEL (3.58%), Coal India (2.93%) and M&M (2.50%) were index top gainers.

Top 5 Nifty losers: Ranbaxy (-2.67%), Ultra Cement (-1.96%), Kotak Bank (-1.79%), SBI (-1.56%) and Sesagoa (-1.53%) were index top losers.

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Daily Equity Market Report – May 27, 2013

Indian equity markets started the week on a cheerful note after last week washout amid firming global trend, especially in Asian and European markets. The broad-based index Nifty rose by 99.60 points and closed at 6083.15 up 1.66%, while Sensex, zooming over 300 points wrapped up the session above the crucial 20000 mark and closed at 20030.77 up same as Nifty 1.66%.

All-round buying was seen at Dalal Street and rally was led by momentum in Reliance Industries and Sun Pharma following positive reports. Market major and trend setter Reliance Industries rose the most in eight months by surging 5.12% to Rs 828.25 on reports that company discovered a new natural gas field in its biggest block in eastern coast. Sun Pharma gained over 4.6% on report of strong March quarter earnings.

All the sectoral indices ended the day in the green zone today; CNX Energy being the largest surging index by 2.82% followed by CNX Realty (1.86%) and CNX Metal (1.81%).

Market breadth remained positive today as 815 stocks rose against 473 declined while 75 remained unchanged.

Out of 50 stocks of Nifty index, 43 advanced and 7 declined.

Top Five Nifty gainers: IndusInd Bank led the Nifty Gainers list and registered 6.26% gain joined by Reliance Industries (5.12%), Sun Pharma (4.45%), Jindal Steel (3.98%) and Bharti Airtel (3.85%).
 

Top Five Nifty Losers: Cipla was the biggest loser today and fell by -1.90% followed by Maruti (-1.78%), Lupin (-1.68%), M&M (-1.66%) and Bank of Baroda (-1.63%).

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Daily Equity Market Report – May 24, 2013

Indian equity market ended the week on a positive note after 4 consecutive days decline. In the early trade today 50 shares index Nifty and 30 shares index Sensex opened on a positive note but later on gave up the momentum. Though market remained volatile and crossed the previous day’s close for rest of the day. Nifty ended the day at 5983 up by 16 points while Sensex ended with 30 points gain at 19704.

Tata Steel reported around 8 percent improvement in Indian EBITDA per tonne. While from European operation its EBITDA per tonne came at USD 33 as against expectation of USD 5.  Sun Pharmaceutical Industries fell after its subsidiary Taro Pharmaceutical Industries March-quarter results came below estimates.

Among the sectoral indices CNX Metal was the biggest gainer, surged 1.41% followed by CNX Infra (1.27%) and Bank Nifty (1.05%) meanwhile CNX Pharma plunged -0.91% & became the top loser of the day.

Out of 50 stocks of Nifty 34 shares ended in positive zone and 14 in negative.

Top 5 Nifty gainers: Maruti (7.86%), Tata Steel (4.77%), Tata Power (3.98%), LUPIN (2.94%) and L&T (2.90%) were top index gainers.

Top 5 Nifty losers: Sun Pharma (-3.11%), BHEL (-1.61%), CIPLA (-1.53%), TCS (-1.39%) and Ranbaxy (-1.32%) were top losers.

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Daily Equity Market Report – May 23, 2013

Indian share market tracked global weakness & slipped on concern over the future of the U.S. Federal Reserve's monetary stimulus and weak Chinese factory data and pushed shares sharply lower. 30 shares index Sensex tanks 387 points and ended the day at 19674 while Nifty closed below its crucial psychological support level of 6000 at 5967 sinking over 127 points.
 

State bank of India reported nearly 19 percent year-on-year drop in its FY13 fourth quarter net profit at Rs 3,300 crore. Higher provisions against non-performing assets (NPAs) and marginal growth in other income dented the bank's profit margin.

Among the sectoral indices all the sector ended in negative territory. CNX Realty was the biggest loser of the day plunged almost -6.20% followed by CNX PSU Bank (-5.51%), CNX Infra (-4.73%) and CNX Energy (-3.13%).

Out of 50 stocks of Nifty only 6 stocks ended in positive while remaining 44 ended in red.

Top 5 Nifty gainers: Tata Motors (0.84%), Sun Pharma (0.46%), HDFC (0.24%), CIPLA (0.17%) and HUL (0.02%) were among top index gainers.

Top 5 Nifty losers: Reliance Infra (-9.96%), JP Associate (-8.24%), SBI (-8.10%), DLF (-7.26%) and Ranbaxy (-6.97%) were index losers.

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Daily Equity Market Report – May 22, 2013

Indian benchmark indices extended their intraday losses for the third consecutive trading session as engineering and construction major Larsen & Toubro posted below estimates profits for the March quarter. Nifty closed 20 points lower at 6094 while Sensex closed at 20062 plunged almost 50 points.
 

Shares of Larsen & Toubro tanked following lower than expected quarterly results. The company posted 6.8 per cent drop in net profit at Rs 1,787.94 crore for the fourth quarter ended March 31, 2013 against net profit of Rs 1,920.41 crore in the same period of previous fiscal. Oil stocks are under selling pressure due to concerns of fuel pricing mechanism. Tech Mahindra’s fourth quarter consolidated net profit rose 25 percent Y-O-Y to Rs 377 crore.

Among the sectoral indices CNX FMCG gained 0.95% followed by CNX Pharma (0.78%) and CNX Consumption (0.18%). CNX Realty was the biggest loser’s sheds -3.62%.

Out of 50 stocks of Nifty 20 stocks ended in positive territory while 30 stocks ended in negative.

Top 5 Nifty gainers: Sun Pharma (2.88%), Bharti Airtel (2.48%), NTPC (1.97%), Dr Reddy (1.68%) and ITC (1.62%) were top index gainers.

Top 5 Nifty losers: L&T (-6.05%), DLF (-5.92%), JP Associate (-4.23%), BPCL (-3.32%) and BOB (-3.28%) were top index losers.

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Daily Equity Market Report – May 21, 2013

Indian equity market indices continued their southward momentum in the second consecutive day. The decline was led by selling pressure in the rate sensitive stocks. Nifty and Sensex extended their losses in the late trade and ended at 6114 down by 43 points and at 20111 plunged 113 points respectively.

Shares of Coal India gained momentum after its Board of Directors recommended a final dividend of Rs 4.30 per share. This is in addition to the interim dividend of Rs 9.70 per share paid in March 13. LIC India sells 2.53% stake in Maruti Suzuki. LIC's stake in Maruti Suzuki India (MSI) has come down to 8.247 per cent currently from 10.777 percent earlier, the auto maker said in a filing to the BSE.

Among the sectoral indices CNX IT was the only sector ending in green zone by 0.98% while rest all indices ended in red. CNX Realty was the biggest loser of the day, down by -2.35%.

Out of 50 stocks of Nifty 14 shares ended in green while 36 ended in red.

Top 5 Nifty gainers: Coal India (2.36%), BHEL (1.61%), TCS (1.40%), HCL (1.34%) and INFY (1.06%) were among Index gainers.

Top 5 Nifty losers: Ultra Cement (-4.87%), NTPC (-4.42%), JP Associate (-3.94%), Grasim (-3.17%) and DLF (-3.04%) were top Nifty losers.

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Daily Equity Market Report – May 20, 2013

Indian benchmark indices gained in the early trade but failed to hold its intraday gain and slipped to negative territory in the last hour of the trading session. 50 stocks index Nifty breached its key psychological level of 6200 and hits the 31 month fresh high. Nifty ended the day at 6156 down by 30 points while Sensex ended at 20223 down by 62 points.
 

Gains in auto, technology and metals shares were offset by losses in healthcare, oil & gas and banks shares. Most of the private banks, after hitting the 52 week high, plunged and turned negative. Pharma stocks were the biggest underperformers; LUPIN was downgraded by CLSA.

Among the sectoral indices CNX AUTO (0.89%), CNX IT (0.38%) and CNX Metal (0.14%) ended in positive zone while CNX Pharma was the biggest loser of the day down by -1.71%.

Out of 50 stocks of Nifty 14 stocks ended in green and 36 stocks in red.

Top 5 Nifty gainers: Bajaj-Auto (2.24%), Maruti (1.94%), M&M (1.39%), HCL (1.34%) and Coal India (1.18%) were among top Nifty gainers.

Top 5 Nifty losers: Ranbaxy (-5.94%), LUPIN (-4.38%), JP Associate (-2.55%), Bharti Airtel (-2.33%) and ONGC (-2.27%) were index losers.

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Daily Equity Market Report – May 17, 2013

Indian benchmark indices traded most of the trading session in negative territory but the last half an hour momentum broke out the intraday range. Nifty touched its highest level since November 2010. Nifty ended the day at 6187 up by 17 points while Sensex closed at 20286 surged 38 points.

Cement companies stocks gained after a regulatory tribunal decided to continue its hearing on their challenge to price collusions charges from the Competition Commission of India. Drug makers' shares fell down after the government notified a new drug pricing policy designed to increase the number of drugs deemed essential that are subject to price caps. ITC posted a 19.5 percent jump in quarterly net profit but remained flat.
 

Among the sectoral indices CNX Realty surged 2.03% followed by CNX Infra (1.72%) and CNX PSU Bank (0.66%) while CNX Media was biggest loser plunged -0.84%.
 

Out of the 50 stocks of Nifty 28 stocks were ended in green, 21 in red and 1 remain unchanged.
Market breadth was negative on the NSE with 437 gainers against 524 losers and 53 remain unchanged.
 

Top 5 Nifty gainers: BHEL (5.06%), Reliance Infrastructure (3.05%), JP Associate (2.69%), DLF (2.68%) and NTPC (2.49%) were among top Nifty gainers.
 

Top 5 Nifty losers: IndusInd Bank (-2.58%), HCL (-2.42%), Dr Reddy (-2.02%), Bharti Airtel (-1.85%) and NMDC (-1.65%) were index losers.
 

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Daily Equity Market Report – May 16, 2013

Indian equity market indices continued their winning streak for the third day in a row. Both Nifty and Sensex traded in a very narrow range and remained flat after hitting 30 month fresh high since January 2011. 50 shares index Nifty closed at 6169 up by 23 points or 0.38% and touched a high of 6187 in trade today while Sensex closed at 20247 up by 34 points or 0.17% and touched a high of 20325.

Shares of Banks, Realty, Auto, Pharma and Capital goods were in the radar of the buyers and closed with smart gains. Interest rate sensitive shares continued their momentum in the hopes of interest rate cut by RBI. IT companies shares fell down after the two key amendments that would have helped Indian IT firms were rejected by the Judiciary Committee of the US Senate. The first dealt with removing of damaging H1B clauses, while the second proposal included green card applications.

Reliance Capital’s fourth quarter consolidated net profit fell by more than 20 percent to Rs 265 crore compared to Rs 329 crore a year ago. Bajaj Auto's fourth quarter net profit slipped lower-than-expected 1 percent year-on-year to Rs 766 crore, amid sluggish demand for two-wheelers.
Among the sectoral indices CNX Realty (1.85%), CNX Energy (1.27%) and CNX Pharma (1.25%) were top gainers while CNX IT (-1.06%) was the biggest loser.

Out of 50 stocks of Nifty 29 stocks ended in green while 21 ended in red.

Top 5 Nifty gainers: JP Associates (5.80%), IDFC (3.61%), Sesagoa (2.99%), LUPIN (2.94%) and CIPLA (2.75%) were among top index gainers.

Top 5 Nifty losers: NMDC (-2.92%), Tata Motors (-1.86%), Jindal Steel (-1.58%), ITC (-1.53%) and Bajaj Auto (-1.41%) were top losers.

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Daily Equity Market Report – May 15, 2013

Indian equity markets ended up with handsome gains after the markets picked up speed to conclude over 2 years' high level in last one and half an hour of trade. The Nifty extended its winning streak and rose above key psychological level of 6150 mark, last seen on January 2011 and closed at 6146.75 (2.52%) up by 151.35 points , while Sensex, zooming over 450 points wrapped up the session above the crucial 20200 level closing at 20212.96 (2.49%) up by 490.67 points.

The party at Dalal Street was led by rate sensitives such as banks, autos and realty stocks, which rallied over 2% on rate cut hopes mainly bolstered by RBI’s official comments. India’s central bank governor Duvvuri Subbarao, said, ‘the RBI will take note of falling inflation when discussing potential interest rate cuts.’ This comments, following the 41-month low inflation data brought sanguinity for Indian equity markets.

The country's headline wholesale inflation eased below 5% in April, dropping within the central bank's comfort zone for the first time in more than three years. Among sectoral indices, CNX Realty (4.35%) gained the most followed by CNX PSU Banks (4.17%), CNX Finance (3.97%) and Bank Nifty (3.93%).

Market breadth remained positive today as 865 stocks rose against 424 declined while 73 remained unchanged.

Out of 50 stocks of Nifty index, 47 advanced and 3 declined.

Top Five Nifty gainers: PNB led the Nifty Gainers list and registered 7.60% gain joined by Reliance Infra (5.22%), IndusInd Bank (5.14%), Kotak Bank (5.12%) and DLF (4.78%).

Top Five Nifty Losers: There were only three stocks in Nifty which fell down. Power Grid was the biggest loser today and fell by -0.74% followed by Ultra Cement (-0.51%) and Cairn (-0.08%).

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Daily Equity Market Report – May 14, 2013

Indian benchmark indices ended the volatile day in green after shedding 2% on Monday. 50 stocks index Nifty crossed the psychological level of 6000 but ended at 5995 up by 15 points while 30 stocks index Sensex closed at 19722 gaining 30 points.

April WPI inflation hits the 41 months low, pulled down to 4.89 per cent against 5.96 per cent in March. Ranbaxy Labs recouped its morning losses and closed in green despite the company agreed to pay USD 500 million as settlement against the felony charges related to drug safety. Dr Reddy’s consolidated net profit for the Jan-Mar quarter was at Rs 571 crore compared to Rs 343 crore in the year-ago period.

Among the sectoral indices CNX Media surged 1.38% and was the biggest gainer of the day meanwhile, CNX Realty was the biggest loser of the day down by -0.48%.

Out of 50 stocks of Nifty 33 stocks advanced, 16 declined and 1 remain unchanged.

Top 5 Nifty gainers: Ranbaxy (3.55%) was the top gainer followed by BOB (2.17%), Sunpharma (2.02%), Powergrid (1.92%) and ONGC (1.89%).

Top 5 Nifty losers: Dr. Reddy plunged -2.38% and became the top loser. Laggards included Bajaj Auto (-2.05%), HCL (-1.92%), BHEL (-1.05%) and JP Associate (-0.88%).

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Daily Equity Market Report – May 13, 2013

After registering their 28 months high last week, Indian equity indices witnessed the biggest single day fall of the year 2013. Sensex closed at 19691 losing 430 points, biggest fall since February 2012 while 50 shares index Nifty ended below 6000 level at 5980 plunged 127 points.

Indian equity markets’ fall was seen across all sectors and led by profit booking in the heavyweights of the FMCG, capital goods, metal, IT and auto sectors. India’s April trade deficit surged to USD 17.8 billion, the gold and silver imports were up by 138 per cent to $7.5 billion last month compared to a year earlier due to sharp fall in the gold and silver prices in the world market.

Among the sectoral indices CNX FMCG was the biggest loser of the day down by -3.03% followed by CNX Metal (-2.42%) and CNX Infra (-2.40%). All the Sectoral indices ended in negative territory.
Out of the 50 stocks of Nifty 43 stocks ended in red zone while 7 remain unchanged.

Market breadth was negative on the NSE with 337 gainers against 945 losers.

Top 5 Nifty Losers: ITC was the biggest loser of the day plunged -5.12%. Reliance Infra (-4.97%), Bharti Airtel (-4.27%), Tata Steel (-4.20%) and Tata Motors (-3.67%) were among top loser of index.

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Daily Equity Market Report – May 10, 2013

Indian benchmark indices soar in the afternoon trade to the 3 month high. 50 Shares index Nifty breached the psychological resistance of 6100 for the first time since 29 January 2013. Sensex ended the day at 20082 gained 143 points while Nifty closed at 6094 surged 44 points.

The Index of Industrial Production (IIP) for March came in at 2.5 percent, compared to market expectations of between 2.0-2.2 percent. Institutional investors continued their buying streak to the heavyweight of the index from rate sensitive sectors like auto, banks and realty sectors.

Among the sectoral indices CNX Auto jumped 2.16% followed by Bank Nifty (1.24%) and CNX Consumption (1.05%) while CNX metal was the biggest loser plunging -0.15%.

Out of 50 shares of Nifty 32 shares advanced, 17 shares declined while 1 remain unchanged.

Top 5 Nifty gainers: Maruti (4.41%), IndusInd Bank (3.14%), Tata Motors (2.93%), ITC (2.79%) and ACC (2.46%) were the Nifty top gainers.

Top 5 Nifty losers: Coal India (-2.90%), Jindal Steel (-2.16%), PNB (-1.92%), NTPC (-1.82%) and Ultra Cement (-1.59%) were top losers.

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Daily Equity Market Report – May 9, 2013

Indian Stock market indices Sensex and Nifty slipped to negative terrain as traders resorted to profit booking at higher levels after the index hitting its highest in three months. Nifty ended the day at 6050 mark down by 19 points while Sensex closed at 19939 level plunging by 51 points.

Software services exporters gained after Cognizant Technology Solutions Corp forecast current-quarter revenue above market expectations after posting an 18 per cent rise in the first quarter. PNB reported 21 percent fall in its bottomline on higher provisions. Drop in gross and non performing assets was the biggest positive from its quarterly results. Union Bank too surged after bank reported 2 percent growth in net profit as against forecast of 15 percent fall.

Among the sectoral indices CNX PSU Bank (1.58%), CNX IT (0.73%) and CNX FMCG (0.06%) were among the gainers, rest other indices ended in red zone.

Out of 50 stocks of Nifty 21 stocks ended the day in green while 29 stocks in red.

Top 5 Nifty gainers: PNB (4.70%), HCL (2.45%), Ambuja Cement (2.09%), SBI (1.88%) and Reliance Infrastructure (1.85%) were among the top index gainers.

Top 5 Nifty losers: Jindal Steel (-3.78%), Asian paints (-3.72%), Sun Pharma (-3.30%), NMDC (-2.84%) and Axis Bank (-2.27%) were index top losers.

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Daily Equity Market Report – May 8, 2013

Indian stock market continued their upward momentum for the third straight day on the back of strong global cues and heavily participation by foreign Institutional Investors (FIIs). Sensex crossed the psychological mark of 20000 for the first time since January 31, 2013. The 30-share index Sensex ended the day at 19990 up by 101 points while 50-share index Nifty closed at 6069 surged 25 points.

Foreign funds have bought a net $680 million of Indian stocks in the three sessions to May 3, taking the 2013 net buying to a total of $12.17 billion. The Dow closed above 15,000 for the first time on Tuesday helped to drive stocks advanced.

HDFC surged nearly 4 per cent on the back of 17 per cent rise in quarterly net profit at Rs 1,555 crore ITC also closed with over 2 per cent gains after the Uttar Pradesh government reduced VAT on cigarettes from 50 per cent to 25 per cent.

Among the sectoral indices CNX Media surged 2.84% followed by CNX FMCG (1.27%) and CNX Finance (0.93%). CNX Metal was the biggest loser of the day plunging by -0.47%.

Out of 50 stocks of Nifty 23 stocks were in green zone, 26 stocks in red zone and 1 stock remain unchanged.

Top 5 Nifty gainers: HDFC (4.75%), ITC (2.83%), LUPIN (2.57%), Ultra cement (2.51%) and IndusInd Bank (2.08%) were among the top gainers.

Top 5 Nifty losers: Ranbaxy (-3.08%), Bharti Airtel (-2.37%), Tata Steel (-1.76%), Hero Motorcorp (-1.71%) and BOB (-1.43%) were top losers.

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Daily Equity Market Report – May 7, 2013

Indian equity market indices gained the momentum led by heavy buying in FMCG, banks, Pharma, realty and power stocks. Nifty breached the psychological mark 6000 and hits the 3 month high since February 2013. Sensex surged above 200 points, ending at 19888.95 while Nifty closed at 6040, up by 69 points.
 

Japanese equities scaled a near five-year peak after the Standard & Poor's 500 Index closed at a record high overnight helped the Indian equity market to move northward direction. Foreign Institutional Investors were the net buyers on the expectation of further rate cut by RBI.
 

Among the sectoral indices CNX FMCG was the biggest gainer of the day surging 2.03%. All sectoral indices of NSE ended on green zone.
 

Out of 50 stocks of Nifty 42 stocks advanced, 7 stocks ended at red zone while 1 stock remain unchanged.
 

Top 5 Nifty gainers: Hero Motorcorp gained 3.69% and was the top gainer of the day followed by DLF (3.35%), Axis Bank (3.01%), Lupin (2.95%) and IDFC (2.83%).
 

Top 5 Nifty losers: Coal India (-1.96%), Ambuja Cement (-0.62%), HDFC (-0.57%), M&M (-0.56%) and Ranbaxy (-0.55%) are among the top losers.
 

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Daily Equity Market Report – May 6, 2013

Indian benchmark indices witnessed another volatile day ranging around 40-45 points throughout the day. Nifty surged 27 points from previous close and ended the day at 5971 while Sensex closed at 19673, up by 98 points.

The HSBC Services Purchasing Managers' Index, based on a survey of around 400 companies, fell to 50.7 last month; it’s lowest since October 2011. The index was at 51.4 in March.

Shares of metal extended gains after copper prices gained momentum on London Metal Exchange following a rate cut by the European Central Bank.  Shares of Banks were under pressure after online portal Cobrapost’s sting operation alleging that 23 public and private sector banks were involved in money laundering.
 

Among the sectoral indices CNX Metal surged 2.05% followed by CNX IT (1.90%) and CNX Auto (1.50%). CNX FMCG was the biggest loser of the day plunging almost -0.73%.
 

Out of 50 stocks of Nifty 31 stocks advanced while 19 stocks declined.
 

Market breadth was positive on the NSE with 597 gainers against 361 losers.
 

Top 5 Nifty gainers: Hindalco (3.72%), Tata Steel (3.63%), Asian Paints (3.30%), TCS (3.28%) and NMDC (2.77%) were top gainers.
 

Top 5 Nifty losers: Kotak Bank (-1.49%), ONGC (-1.41%), ITC (-1.39%), Ambuja Cement (-1.35%) and ACC (-1.21%) were among the top losers.

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Daily Equity Market Report – May 3, 2013

Key equity benchmarks indices witnessed wide trading range throughout the day considering it is a day of RBI’s annual policy review. Nifty failed to cross psychological level of 6000 and slipped back to the red zone and fell down to 5944 level ending 55 points lower than the previous day close while Sensex ended the day at 19575 plunging 160 points.

RBI cuts the key interest rates by 25 basis points as excepted and market has already accounted this expectation of participants in earlier trades. RBI cuts rates for the third time since January 2013 following slow growth of economy and got some headroom because of easing inflation. Growth of the Indian economy was 4.55% in the third quarter of FY 2012-13 while inflation moderated to an average of 7.3% last year from 8.9% in the year before. In the month of March 2013 WPI was 6.0%, lowest in the last 3 years. In its annual policy statement RBI expects growth at 5.7% and WPI inflation to 5.5% for the FY 2014.
 

Among the sectoral indices CNX Metal surged by 1.4% followed by CNX IT (0.30%) and CNX Infra (0.28%). Bank Nifty was the biggest loser of the day falling down by -2.49%.   
 

Out of 50 stocks of Nifty 17 stocks ended in positive zone while 33 ended in negative zone.
 

Top 5 Nifty gainers: Jindal Steel (3.81%), Hindalco (2.34%), Tata Steel (2.22%), HCL (2.21%) and Sesagoa (1.90%) were among the top gainers.
 

Top 5 Nifty losers: Tata Motors (-3.99%), SBI (-3.80%), IDFC (-3.73%), ICICI Bank (-3.56%) and DLF (-3.41%) were top losers.                                            
 

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Daily Equity Market Report – May 2, 2013

Sensex and Nifty continued their winning streak and ended the day at new high since February this year. The momentum was led by the expectation of interest rate cut by RBI on upcoming monetary policy review. Nifty breached the psychological 6000 mark and makes the day’s high at 6019. Sensex closed at 19735 level gained 231 points while Nifty ended an inch lower to 6000 level at 5999 surging almost 70 points.

Market is very much positive about their expectation that RBI will cut 25 basis points in its key rates. Shares of M&M gained after the company's total sales for the month of April increased to at 41,432, up by 2%, as compared to 40,715 units, year-on-year (y-o-y).

Among the sectoral indices CNX IT (2.62%) was the biggest gainer of the day. Except CNX MNC (-0.22%) all other sectoral indices enjoyed the northward momentum.

Out of 50 shares of Nifty 35 shares were in positive zone and 15 shares were in negative zone.

Market breadth was positive on the NSE with 774 gainers against 530 losers.

Top 5 Nifty gainers: Reliance Infrastructure (3.43%), HCL (3.42%), TCS (3.38%), JP Associate (3.06%) and M&M (2.98%) were among the biggest gainers.

Top 5 Nifty Losers: CAIRN (-1.94%), HUL (-1.88%), Hero Motorcorp (-1.62%), Hindalco (-1.39%) and Tata Motors (-1.12%) were among top losers.

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