Major headlines
- India's HSBC Services PMI at 51.4 in March
- Welspun Corp zooms on stake buy
- Ajanta Pharma at record high, stk up 13%
Indian indices
The Indian markets closed in the red zone as the equities traded on a subdued note led by selling pressure across the board, weak global sentiments, fall in rupee and poor HSBC Service PMI numbers for the month of March. Benchmark share indices witnessed weak trading session amid volatility in auto shares and index heavyweights like RIL and L&T which dragged markets lower. The broader markets too ended in red. At the closing bell, the BSE Midcap index slipped 0.94%, while the BSE Smallcap index was down by 0.54% leading to weak market breadth.
Movement of the Indian indices for the day -
D Street witnessed a disappointed trading session as markets reversed gains accumulated in a four day rally and posted the biggest fall in last two weeks. Key benchmark indices opened in red owing to unsupportive global cues. Equities did try to erase early losses during early noon trades but remained in red terrain owing to profit booking in majority of the sectors.
Following are the stocks/sectors which were in news today:
-
Adani Power jumped 8.79% after a newspaper reported that regulators
would allow the power utility company to raise tariffs for electricity
provided from its plant in Mundra in the state of Gujarat.
-
Welspun Corp gained 3.13% after Nippon Investment and Finance Co raises
stake in the company to nearly 2.1% from 1.55% earlier through open
market transactions.
-
SRF rose 1.45% after the company said it has commissioned and
capitalised a multipurpose chemical plant at Dahej in Gujarat on
February 28, 2013.
- MOIL jumped 2.72% after the company said it had hiked prices by 9% across its product basket for the April-June 2013 quarter.
-
Ajanta Pharma jumped 19%, to record new high on NSE; on back of heavy
volumes after the company said its promoter along with foreign
institutional investors (FIIs) have raised their stake in the company
during March quarter. The stock closes 13.61% higher in trade today
Sectoral & stock screening
Among the 13 sectoral indices, eleven sectors closed in the red zone while remaining two sectors closed in the green zone. Top Gainers- BSE HC up by 0.17% and BSE Power rose by 0.06%. Top Losers: BSE Realty was down by 2.68%, BSE CG fell by 2.29% and BSE Auto declined by 2.23
lobal signals
Asian shares ended mixed on Wednesday (April 03, 2013), cautiously marking time before key US jobs data and news from central bank policy meetings in Japan and Europe later in the week.
European shares and the euro eased while German bonds were flat on Wednesday as investors awaited this week's policy decisions by the Bank of Japan and European Central Bank followed by U.S. employment data.
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