Sensex crashes 452 points on concern over rupee, food bill
Published: 27th August 2013 01:18 PM
Last Updated: 27th August 2013 01:18 PM
Indian equities plunged further in the late morning trade on
Tuesday concern overcontinued fall inrupee and expected rise in
fiscal deficit due to food security bill.Banking stocks fell
sharply followed by FMCG, realty and metal stocks.
At 12.14 pm, the Sensex was trading down 452.10 points or 2.44%
at 18,106.03 with 26 components falling. Meanwhile, the Nifty was
trading lower by 145.85 points or 2.66% at 5,330.65 with 45
Rupee slipped to a fresh record low of 65.71 against the US
dollar. It opened lower by 68 paise or 1.06% against US dollar at
Rs 65 compared to previous close of 64.32.
The food security bill has been approved by Lok Sabha on Monday.
It is expected to cost Rs 1.25 trillion in 2013-14.
Housing Development Finance Corporation
contributed fall of 96.54 points in the Sensex. It was followed by
I T C (79.84 points), H D F C Bank (77.64 points), I C I C I Bank
(39.76 points) and Larsen & Toubro (37.29 points).
However, Infosys contributed rise of 15.03 points in the Sensex.
It was followed by Tata Consultancy Services (8.43 points), Wipro
(1.52 points), Tata Power Company (0.9 points) and Sterlite
Industries (India) (0 points).
Biggest gainers in the 30-share index were Infosys (1.20%), Tata
Consultancy Services (0.89%), Wipro (0.60%), and Tata Power Company
On the other hand, Housing Development Finance Corporation
(6.85%), H D F C Bank (5.43%), Coal India (4.63%), Bharat Heavy
Electricals (4.20%), I T C (4.11%), and Larsen & Toubro (4.10%)
were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts declining-1.45% and -1.06% respectively.The major
losers in the BSE Midcap were CORE Education and Technologies
(4.83%), Allahabad Bank (4.02%), A I A Engineering (3.09%), Aban
Offshore (2.31%) and Alstom India (1.04%).The major losers in the
BSE Smallcap were Action Construction Equipment (2.31%),
Styrolution ABS (India) (1.43%), Trident (1.22%), Aanjaneya
Lifecare (1.15%) and Reliance MediaWorks (0.83%).
Sectors in Limelight
The Bankex index was at 10,237.49, down by 441.17 points or by
4.13%. The major losers were H D F C Bank (5.43%), Bank Of India
(5.14%), Canara Bank (3.84%), Federal Bank (3.78%) and Bank Of
The Capital Goods index was at 7,084.93, down by 240.92 points
or by 3.29%. The major losers were Bharat Heavy Electricals (4.2%),
BEML (3.65%), A I A Engineering (3.09%), A B B India (2.53%) and
Alstom India (1.04%).
The Realty index was at 1,196.39, down by 39.25 points or by
3.18%. The major losers were Housing Development and Infrastructure
(4.35%), Indiabulls Real Estate (4.12%), D L F (3.76%), Anant Raj
(3.14%) and Godrej Properties (2.61%).
On the other hand, the IT index was at 7,684.54, up by 67.64
points or by 0.89%. The major gainers were Mphasis (1.23%), Infosys
(1.2%), H C L Technologies (0.68%), Hexaware Technologies (0.66%)
and Oracle Financial Services Software (0.56%).
Market breadth was negative with 550 advances against 1,313
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 347.76 million. It was followed by Yes Bank (Rs.
325.32 million), Ranbaxy Laboratories (Rs. 273.79 million) and IDFC
(Rs. 264.85 million).
The volume chart was led by Jaiprakash Associates with trades of
over 3.68 million shares. It was followed by IDFC (3.17 million),
Jaiprakash Power Ventures (1.97 million) and Reliance Power (1.69