Tuesday 18 June 2013

Daily Equity Market Report – June 18, 2013

Indian equity market witnessed the volatile session due to the uncertainty about the future of the U.S. monetary stimulus programme. BSE’s index Sensex sheds over 100 points and ended the day at 19223.28 while NSE’s index Nifty ended at 5813.60 down by 36.45 points.

Global markets are on alert for Fed monetary stimulus guidance on when and how quickly it will look to wind down its bond buying programme.

Banking sector were the underperformer of the day ahead of US monetary stimulus meeting ending on Wednesday and RBI decision on its key rates, kept unchanged on Monday.

Among the sectoral indices CNX media was the biggest gainer of the day surging by 1.78% while CNX PSU Bank was the biggest loser down by 1.35% followed by Bank Nifty (-1.25%) and CNX Finance (-1.03%).

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

Top 5 Nifty gainers: Tata Steel (2.65%), Infosys (1.38%), Sesagoa (1.11%), Bajaj Auto (1.01%) and Kotak Bank (0.93%) were Nifty top gainers.

Top 5 Nifty losers: Ranbaxy (-3.90%), NTPC (-2.69%), IndusInd Bank (-2.49%), PNB (-2.47%) and Ultra Cement (-2.47%) were among top losers.

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