Tuesday 7 May 2013

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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