Sensex down 175 points; Hero Motocorp, CIL, BHEL drop
Published: 12th September 2013 03:18 PM
Last Updated: 12th September 2013 03:18 PM
Indian marketsfell furtherin the post noon tradeon Thursday
ahead of IIPdata. Midcap and small-cap index outperformed the
benchmark indices. Consumer durables, metal, Banking, IT,andoil
& gasstocks witnessed a fall
At 2.15 p.m., the Sensex was trading down 175.53 points or 0.88%
at 19,821.92 with 23 components falling. Meanwhile, the Nifty was
trading lower by 44.80 points or 0.76% at 5,868.35 with 38
Infosys contributed fall of 29.67 points in the Sensex. It was
followed by I C I C I Bank (26.44 points), H D F C Bank (23.25
points), Oil & Natural Gas Corporation (23.16 points) and
Reliance Industries (19.72 points).
However, I T C contributed rise of 34.22 points in the Sensex.
It was followed by Housing Development Finance Corporation (15.95
points), Tata Power Company (6.71 points), NTPC (4.79 points) and
Larsen & Toubro (2.56 points).
Major gainers in the 30-share index were Tata Power Company
(3.49%), I T C (1.61%), NTPC (1.31%), G A I L (India) (1.30%),
Housing Development Finance Corporation (1.03%), and Cipla
On the other hand, Hero Motocorp (3.16%), Coal India (2.87%),
Bharat Heavy Electricals (2.71%), Oil & Natural Gas Corporation
(2.65%), Tata Steel (2.53%), and Hindalco Industries (2.27%) were
the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.16% and 0.48% respectively. The major
gainers in the BSE Midcap were CORE Education and Technologies
(4.96%), Allahabad Bank (2.82%), Aban Offshore (1.42%), Amtek Auto
(0.96%) and Allcargo Logistics (0.47%).The major gainers in the BSE
Smallcap were Dr Datsons Labs (6.59%), A2Z Maintenance &
Engineering Services (4.35%), Styrolution ABS (India) (2.11%),
Aarti Industries (0.36%) and Trident (0.11%).
Sectors in Limelight
The Consumer Durables index was at 5,827.63, down by 120.92
points or by 2.03%. The major losers were Titan Industries (2.94%),
Bajaj Electricals (1.4%), Whirlpool Of India (1.37%), Gitanjali
Gems (0.94%) and Blue Star (0.69%).
The Metal index was at 8,481.02, down by 152 points or by 1.76%.
The major losers were JSW Steel (3%), Coal India (2.87%), Hindalco
Industries (2.27%), Bhushan Steel (0.22%) and Jindal Steel &
The IT index was at 7,888.65, down by 123.18 points or by 1.54%.
The major losers were Infosys (2.17%), Tata Consultancy Services
(1.86%), Tech Mahindra (1.64%), Oracle Financial Services Software
(0.8%) and Mphasis (0.41%).
On the other hand, the IPO index was at 1,263.10, up by 15.19
points or by 1.22%. The major gainers were Birla Pacific Medspa
(9.52%), Dr Datsons Labs (6.59%), Acropetal Technologies (4.34%),
Bharti Infratel (1.76%) and Lovable Lingerie (0.77%).
Market breadth was negative with 1,161 advances against 1,060
Value and Volume Toppers
Bharat Forge topped the value chart on the BSE with a turnover
of Rs. 2,180.79 million. It was followed by Financial Technologies
(India) (Rs. 990.54 million), IDFC (Rs. 559.81 million) and State
Bank Of India (Rs. 442.39 million).
The volume chart was led by Bharat Forge with trades of over
8.52 million shares. It was followed by Jaiprakash Associates (8.04
million), IDFC (5.87 million) and Reliance Power (5.17