Key benchmark indices moved in a narrow range in morning trade. The S&P BSE Sensex was down 5.03 points or 0.03%, up 66.38 points from the day's low and off 16.78 points from the day's high. Reliance Industries recovered to turn positive after an initial fall. Auto stocks were in red. Metal stocks edged higher. The market breadth, indicating the overall health of the market, was positive.
Key benchmark indices edged lower amid initial volatility as most Asian stocks were in red. The market moved in a narrow range in morning trade.
At 10:19 IST, the S&P BSE Sensex was down 5.03 points or 0.03% to 19,572.36. The index rose 11.75 points at the day's high of 19,589.14 in morning trade. The index lost 71.41 points at the day's low of 19,505.98 in morning trade.
The CNX Nifty was down 6.80 points or 0.12% to 5,892.05. The index hit a high of 5,898.80 in intraday trade. The index hit a low of 5,873.05 in intraday trade.
The market breadth, indicating the overall health of the market, was positive. On BSE, 924 shares gained and 656 shares fell. A total of 86 shares were unchanged.
The total turnover on BSE amounted to Rs 426 crore by 10:20 IST compared to Rs 98 crore by 09:25 IST.
More From This Section
Among the 30-share Sensex pack, 17 stocks declined and rest of them gained.
Reliance Industries (RIL) rose 0.73% to Rs 889.25, off day's low of Rs 876.85. The government on Thursday, 27 June 2013, agreed to double natural gas prices to industrial and retail consumers to help fund investment in exploration and reverse declining domestic gas output. The price of gas could go up to $8.4 per million metric British thermal units (mmBtu), effective 1 April next year, from current $4.2 mmBtu.
Auto stocks were in red. Tata Motors fell 1.04%. The company said after market hours on Monday, 1 July 2013, that total sales of Tata commercial and passenger vehicles declined 18.08% to 52,708 units in June 2013 over June 2012. The company's domestic sales of Tata commercial and passenger vehicles declined 16.40% to 48,712 units in June 2013 over June 2012. Exports declined 34.17% to 3,996 units in June 2013 over June 2012.
Maruti Suzuki India slipped 0.78%. The company reported 12.6% fall in total sales to 84,455 units in June 2013 over June 2012. The company's domestic sales fell 7.8% to 77,002 units in June 2013 over June 2012. Exports declined 43% to 7,453 units in June 2013 over June 2012. The company announced the monthly sales data during market hours on Monday, 1 July 2013.
M&M shed 0.13%. The company said during market hours on Monday, 1 July 2013, its domestic tractor sales rose 19% to 26,723 units in June 2013 over June 2012. M&M's total tractor sales rose 17% to 27,749 units in June 2013 over June 2012. Exports declined 19.33% to 1,026 units in June 2013 over June 2012.
M&M's total automobile sales fell 7.81% to 38,092 units in June 2013 over June 2012. Sales of the company's passenger vehicle segment (which includes UVs and Verito) declined 12.93% to 17,232 units in June 2013 over June 2012. The company's domestic sales declined 7.04% to 36,207 units in June 2013 over June 2012. Exports fell 20% to 1,885 units in June 2013 over June 2012.
Hero MotoCorp lost 1.44%. The company reported a 5.95% decline in total sales at 5.02 lakh units in June 2013 over June 2012.
Bajaj Auto slipped 0.09%. The company during market hours today, 2 July 2013, reported 14% fall in total sales to 2.95 lakh units in June 2013 over June 2012. Motorcycles sales fell 20% to 2.54 lakh units in June 2013 over June 2012. The company said that the illegal strike at Chakan caused a loss of production of 20,000 motorcycles in June 2013. The company's commercial vehicles production jumped 54% to 41,205 units in June 2013 over June 2012. Exports rose 4% to 1.20 lakh units in June 2013 over June 2012.
Metal stocks rose on renewed buying. Sterlite Industries (India) (up 1.1%), JSW Steel (up 0.65%), Tata Steel (up 1.6%), Sail (up 0.67%), National Aluminium Company (up 0.16%), Hindustan Zinc (up 0.38%) and Hindalco Industries (up 0.34%) edged higher. Jindal Steel & Power shed 0.94%.
Asian stocks were mostly lower on Tuesday, 2 July 2013, as anemic manufacturing data from China raised growth fears. Key benchmark indices in China, Hong Kong, Indonesia and South Korea were down 0.11% to 0.84%. Key benchmark indices in Taiwan, Singapore and Japan were up 0.11% to 0.93%.
Trading in US index futures indicated that the Dow could gain 19 points at the opening bell on Tuesday, 2 July 2013. US stocks edged higher on Monday, 1 July 2013, after the Institute for Supply Management reported an increase in its US manufacturing index. The Institute for Supply Management reported its manufacturing index in the United States rose to 50.9% in June from 49% in May. Readings over 50% indicate expansion.
Powered by Capital Market - Live News