Monday 20 May 2013

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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