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Indian stock market daily morning report (January 01, 2013, Tuesday)

Contributed by Keynote Capitals

Views on markets today

- The Equity benchmarks closed the last trading day of the year 2012 on a quiet note. BSE Sensex declined 18.13 points or 0.09% to close at 19,426.71 and Nifty50 declined 3.25 points or 0.06% to close at 5,905.10 led by stocks of FMCG, Capital Goods and caution over the U.S. 'fiscal cliff' talks.

- Bharti Infratel Ltd rose 0.86% to close at '192.85 after the FTSE said it would include the mobile tower company in its large cap index starting on January 7, with an investability weighting of 9%.

- Technology stocks were among the leading decliners, with HCL Technologies falling 1.07%, Tata Consultancy Services fell 0.53% while Infosys closed flat at '2318.50 ahead of Quarterly results.

- Among the 13 sectoral indices, four sectors closed in negative, while remaining nine sectors closed in positive. Top Gainers: BSE Realty up by 1.00%, BSE CD gained by 0.80% and BSE PSU surged by 0.59%. Top Losers: BSE CG down by 0.33% and BSE FMCG declined by 0.27%.

- Market breadth was positive at ~1.23x as investors bought large cap stocks. On provisional basis, FII bought equity of '8.26bn and domestic institutions sold equity of '2.00bn in cash segment.

- US markets gained on Monday. Dow Jones industrial average was up 166.03 points, finishing the year at 13,104.14. The S&P 500 rose 23.76 to 1,426.19. The Nasdaq composite climbed 59.20 to 3,019.51 as investors bet on 'cliff' deal

- Indian markets may open positive today following the cues from global.

Economic and Corporate Developments

- Second quarter current account deficit has hit an all time high of 5.4% of gross domestic product as exports fell by 12%. Also trade deficit has climbed to USD 48 billion.

Buzzing Stocks

- HDFC Bank cuts base rate by 10 bps to 9.70 per cent with effect from today.

- Suven Life Sciences gets 3 product patents for NCEs in Eurasia, Canada.

- Tecpro Systems wins international orders worth $17.4 million

- McNally Bharat wins order worth Rs 11.1 crore from NMDC.

- GMR Group revises development fee at Delhi Airport.

- Pipavav Defence wins order worth Rs 400 crore from ONGC.

- IOB approves rights issue of 20 crore convertible shares

- Syndicate Bank raises Rs 1,000 crore via bond sale