Major headlines

• Hexaware Tech posts 23% rise in Q4 net profit (YoY)
• Domestic car sales decline 12.45%, bike sales up 7.45% in Jan
• JP Infra posts 60% decline in Q3 net profit (YoY)
• Cadila Healthcare Q3 consolidated profit slips by 31% (YoY)
  
  Indian indices
  The key indices opened higher today but traded in a tight range for most part of the day amid volatility and swung between gains and losses. Heavy selling in Jindal Steel, ONGC, Bharti Airtel, Maruti and L&T dragged markets lower. The broader markets too ended lower. Investors were also cautious ahead of key macroeconomic data such as industrial production and inflation which is expected to be announced in the early part of the week. Indian shares marked their longest losing streak since May 2011 for an eighth consecutive session as ONGC retreated ahead of its quarterly results, while financial stocks fell on concerns about slowing economic growth at a time of sticky inflation. 
   
  Movement of the Indian indices for the day:
  The Indian markets opened today's trading session on a positive note but failed to maintain the initial gains till the end. Selling pressure in majority of the sectors and profit booking in index heavyweights weighed on the sentiments which led the markets to float in the red zone. The indices kept swinging between the green and the red zone till the end of the day. Sensex hit the intraday low at 19416.94 in the afternoon trade.
  The major event that took place today was, Domestic passenger car sales which declined by 12.45 per cent to 1,73,420 units in January this year compared to 1,98,079 units in the same month of 2012.
  The Sensex closed at 19460.57, down by 24.20 points and the Nifty fell by 5.65 points to settle at 5897.85 in trade today.
  
  Following are the stocks/sectors which were in news today:
  • India's new stock exchange MCX-SX started trading shares on Monday with thin volumes, taking up a steep challenge to build liquidity and win market share against dominant player National Stock Exchange (NSE) and the smaller and older BSE Ltd. The stock closed 1.60% lower in trade today.
  • SKS Microfinance hit 10% upper circuit after the company announced the conclusion of two microfinance securitization transactions aggregating to Rs390 crore.
  • Hexaware Technologies gained 3.13% after IT firm reported a better-than-expected consolidated net profit of Rs66 crore for the fourth quarter ended December 31, 2012 (Q4).
  • Jaypee Infratech's net profit declined 60.45% to Rs155.06 crore on 3.29% growth in total income to Rs935.83 crore in Q3 December 2012 over Q3 December 2011. The stock closed 0.11% higher in trade today.
  • Tata Power reported a net loss of Rs328 crore for the quarter ended December 2012 against a net profit of Rs298 crore in the same quarter last fiscal. The stock closed 0.51% higher in trade today.
  • Gujarat State Petronet slipped after company's net profit fell 5.7% to Rs119 crore on 4.9% decline in net sales to Rs260.58 crore in Q3 December 2012 over Q3 December 2011. The stock closed 0.14% lower in trade today.
  • GMR Infrastructure declined 2.11% after the company reported consolidated net loss of Rs217 crore in Q3 December 2012, higher than net loss of Rs108 crore in Q3 December 2011.
    Market sentiment:
    The market breadth stood in favor of declines. Of the 2977 stocks traded on the BSE, 938 (31.51%) rose, 1061 (35.64%) fell and 978 (32.85%) stocks remained unchanged
    
    Sectoral & stock screening
    Among the 13 sectoral indices, eight sectors closed in the green zone while remaining five sectors closed in the red zone. Top Gainers- BSE Realty up by 0.91%, BSE HC rose by 0.74%, BSE PSU surged 0.47%. Top Losers: BSE CG was down by 0.81%, BSE TECk fell by 0.43% and BSE IT declined by 0.33%
    
    Among 'A' group stocks, top three gainers were- MMTC rose by 18.96%; Hindustan Copper up by 10.48% and Indian Bank surged by 5.38%. Top three losers were- Cadila Healthcare declined by 6.43%, Astrazeneca Pharma was down by 6.36% and Financial Tech fell by 4.64%.
    
    Global signals
    Asian markets remained closed today (February 11, 2013), on account of Lunar New Year festival.
    European equities slipped from multi-month highs today, with markets checked by ongoing worries over the euro zone, offsetting signs of a pickup in world trade. US stock index futures pointed towards a higher opening at the Wall Street on Monday