Day Ends With Minor Gains
Suparna / 13 Feb 2013
The Indian markets gave up the gains seen in the afternoon trading session on the back of profit booking seen in Power, Real Estate, Banks and Metal stocks. HCL Technologies ended as the highest gainer on the NSE, up by 4.48%.
After registering a new high in the afternoon trading session, the Indian markets gave up their gains on the back of profit booking seen in Power, Real Estate, Banks and Metal stocks. The Nifty closed with marginal gains of 10 points at 5932 and Sensex was higher by 51 points at 19,615.
The advance-decline ratio ended on the negative side at the end of the day. On the NSE, 860 closed in the red and 535 shares finished positive.
Top 5 NSE Gainers: HCL Technologies ended as the highest gainer, up by 4.48%. Others in the gainers list included Tata Motors, Tata Consultancy Services, HDFC and Mahindra & Mahindra.
Top 5 NSE Losers: Reliance Infrastructure extended its afternoon losses and ended the day down by 3.53%, followed by Tata Power, Sesa Goa, Bajaj Auto and Power Grid Corporation.
Most of the sectors ended in the red. IT and TECk ended higher. Power, Real Estate, Banking and Metal were in negatives.
Among the Asian markets, the Nikkei 225 dipped 1.05%, while The Straits Times closed up by 0.93%.
The European markets are flat with a negative bias. DAX is currently trading with marginal gains of 0.08%. FTSE 100 and CAC 40 are trading lower between 0.17%-0.35%.
Buzzers: The entire pack of UB group fell on the news that banks will look at ways to liquidate assets pledged with them as collateral for the loan taken for Kingfisher. United Breweries remained under selling pressure and crashed more than 9% at the end of the day. United Spirits also fell by about 5% in today’s trades on the back of heavy volumes.
Godrej Industries showed good momentum in the last hour of trade and rallied up 2.01%. The stock registered an intraday high of Rs 318.75, a low of Rs 310.80 and closed at Rs 316. It was in consolidation mode in the range of 6 points in the last couple of trading sessions. The movement in the stock came along with some volumes.
We had mentioned in our last update that the Nifty will face resistance around levels of 5970-5975. As expected, the index has shed its gains and closed near the support level of around 5930 that we had stated.
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