Intraday Share Market Updates for Tomorrow 02 April 2013

ECONOMY ANALYSIS:

• India can absorb $50 bn in FDI per year: P Chidambaram
• M&M posts 11% jump in March sales
• GMR Group completes sale of Singapore unit
• Domestic air traffic falls in first two months of 2013
• UB Holdings hits new 52-week low, locks at 5% lower circuit
• HAL FY'13 turnover at Rs 14,316 crore

MARKET ANALYSIS:

• The Sensex extended its pull-back rally and closed with modest gains in absence of cues from Asian peers. Gains in realty, capital goods and healthcare were offset by losses in metals, auto and FMCG sectors.
• Rally was seen in stocks from education sector after the recent sharp correction. Core Education surged 25.02 per cent, MT Educare moved 6.88 per cent higher, Everonn EducationBSE 8.67 % was up 8.96 per cent and the Educomp SolutionsBSE 2.31 % moved 1.75 per cent higher.
• The 30-share index ended at 18,846.81, up 11.04 points or 0.06 per cent. It touched a high of 18,959.48 and a low of 18,796.60 in trade today.
• The Nifty ended at 5,699.75, up 17.20 points or 0.30 per cent. It touched a high of 5,720.95 and a low of 5,675.90 in trade today.
• The S&P BSE Midcap Index gained 1.21 per cent and the S&P BSE Smallcap Index surged 2.32 per cent.
• Among the sectoral indices, the S&P BSE Realty Index surged 5.01 per cent, the S&P BSE Capital Goods Index was up 1.55 per cent.