Daily Morning Note by BSE Securities - 5 June 2013
After opening on a soft note the markets moved higher in the morning session but moved sideways; the markets trimmed some of the gains by the afternoon session and slipped into the red before ending the day with modest losses. Among the sectoral indices Healthcare gained around 2% while Consumer Durables lost more than 1 % .In the Sensex stocks Dr Reddy’s (1.88%), Cipla (1.83%) and Wipro (1.60%) were the gainers while Tata Motors (2.34%), SBI (2.11%), Jindal Steel (1.98%) were among the major losers. The Sensex lost 65points or 0.33% to close at 19,546 and the Nifty lost 20 points or 0.33% to close at 5,919.
Total traded turnover stood at Rs 139,036 cr. In equities FIIs were net buyers (Rs 85cr) while DIIs sellers of (Rs 216 cr). On the derivatives side, FIIs were net sellers in Index Futures (Rs 420 cr) Stock Futures (Rs 49 cr) while they were net buyers in Index Options (Rs 514 cr) Stock Options (Rs 8 cr).
The US markets ended lower off the session’s low on speculation the Fed Reserve may slow the pace of its stimulus and as investors await key economic data. The Dow Jones lost 76 points or 0.50% to close 15,178 while the NASDAQ lost 20 points or 0.58% to close at 3,445.
Asian markets are trading marginally lower as investors marked time before key US jobs data later this week and speculation over when the US Federal Reserve’s would begin scaling down its massive stimulus programme. Indian indices are also expected to open in the red note and global developments will be monitored closely for further direction.
The Asian markets are trading lower. Nikkei is trading lower by 0.15% while Hang Seng is trading lower by 0.74%.
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