Monday 13 May 2013

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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