Tuesday, 30 April 2013

Morning Summary, Market Synopsis: 30 th April, 2013

The major Indian equity benchmarks started the day with a gap up on April 23, 2013. US markets closed near session highs with the S&P 500 setting a record close on upbeat economic data and European markets also ended higher on Monday .Asian markets were trading higher barring Japanese market. Hindustan unilever has made an open offer to buy 22.52% of the Voting Share Capital of the Company at a price consideration of INR 600 (Rupees Six hundred) per Share. This also enthused the market. On the other hand traders are waiting for RBI’s credit policy to be announced on May 3, 2013. All these have led the Sensex to trade near the level of 19562.43 i.e. up by 173.77 points & the Nifty to trade near the level of 5945.55 I.e. up by 41.45 points. The Midcap index and small cap Index are trading in green with the gain of half of a percentage point and four-tens of a percentage point respectively. On the sectoral front, all the indices are trading in green. FMCG Index is trading as the biggest gainer with the gain of nearly five and a half of a percentage point. This is followed by Metal Index which is trading with the gain of nearly eight-tens of percentage point. On the other hand, IT Index is the smallest gainer with the index being just marginally in positive.
Further, the market breadth is positively placed as nine stocks are seen advancing against five declining

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