TODAY BSE MARKET NEWS 11 MARCH 2013

The BSE Sensex is currently trading at 19,680.33, down by 2.90 points or 0.01% after trading in a range of 19,737.13 and 19,640.38. There were 13 stocks advancing against 17 declines on the index.

The broader indices were trading in green; the BSE Mid cap index was up by 0.34% and Small cap index was up by 0.20%.

The top gaining sectoral indices on the BSE were, Realty up by 1.02%, Capital Goods up by 0.62%, Power up by 0.46%, Health Care up by 0.44% and FMCG up by 0.38%, while Metal down by 0.59%, IT down by 0.58%, TECk down by 0.46%, Bankex down by 0.11% and Auto down by 0.10% were the losers on the BSE. 

The top gainers on the Sensex were Sun Pharma up by 1.80%, HDFC up by 1.72%, Mahindra & Mahindra up by 1.62%, Coal India up by 1.48% and Hindustan Unilever up by 1.20%. 

On the flip side, Sterlite down by 1.44%, Jindal Steel down by 1.38%, TCS down by 1.21%, Hindalco down by 1.19% and Hero MotoCorp down by 1.03%, were the top losers on the Sensex.

Meanwhile, in evident proof of subdued income levels, rising cost of petrol amidst sluggish economy weighing on the demand, domestic passenger car sales contracted by 25.71% to 1, 58,513 units in February this year compared to 2, 13,362 units in the same month of 2012. Posting the biggest fall in more than 12 years and the fourth consecutive monthly slide, the industry clearly is now bracing for registering first annual sales fall in a decade.

According to the data released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales in last month declined by 4.48% to 8,00,185 units from 8,37,743 units in the same month previous year. Meanwhile, total two-wheeler sales for February 2013 stood at 11, 12,289 units, down by 2.77% from 11, 43,982 units in the corresponding period of previous year.

Besides, the total sales of commercial vehicles declined by 11.06% to 68,388 units from 76,891 units in the year-ago period. Total sales of vehicles across categories too contracted by 5.45% to 14, 51,278 units in February 2013 as against 15, 34,910 units in the same month of 2012.

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