Sensex tumbles 600 points below 18,000 as rupee breaches 66
Published: 27th August 2013 03:18 PM
Last Updated: 27th August 2013 03:18 PM
Indian equitiestumbled more than 3%towards closingon Tuesday
concern over continued fall in rupee and expected rise in fiscal
deficit due to food security bill. Rupee slipped to a fresh record
low of 66.06 against the US dollar.
At 2.10 pm, the Sensex was trading down 602.43 points or 3.25%
at 17,955.70 with 26 components falling. Meanwhile, the Nifty was
trading lower by 174.20 points or 3.18% at 5,302.30 with 46
I T C contributed fall of 89.19 points
in the Sensex. It was followed by Larsen & Toubro (51.57
points), I C I C I Bank (48.06 points), Oil & Natural Gas
Corporation (24.39 points) and Sun Pharmaceutical Industries (19.91
However, Tata Consultancy Services contributed rise of 10.56
points in the Sensex. It was followed by Infosys (10.4 points),
Sterlite Industries (India) (0 points), Housing Development Finance
Corporation (0 points) and H D F C Bank (0 points).
Biggest gainers in the 30-share index were Tata Consultancy
Services (1.12%), Infosys (0.84%), Dr Reddy"S Laboratories (0.10%),
and G A I L (India) (0.03%).
On the other hand, Housing Development Finance Corporation
(10.10%), H D F C Bank (8.19%), Bharat Heavy Electricals (8.04%),
NTPC (5.97%), Larsen & Toubro (5.72%), and Coal India (5.46%)
were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts declining-2.06% and -1.40% respectively.The major
losers in the BSE Midcap were CORE Education and Technologies
(4.83%), Allahabad Bank (4.3%), Aban Offshore (3.57%), A I A
Engineering (3.48%) and Alstom India (1.71%).The major losers in
the BSE Smallcap were A2Z Maintenance & Engineering Services
(1.88%), Aanjaneya Lifecare (1.58%), Trident (1.41%), Styrolution
ABS (India) (1.11%) and Aarti Industries (0.93%).
Sectors in Limelight
The Bankex index was at 10,121.52, down by 557.14 points or by
5.22%. The major losers were H D F C Bank (8.19%), Bank Of India
(5.58%), Federal Bank (5.21%), Canara Bank (3.34%) and Bank Of
The Capital Goods index was at 6,973.06, down by 352.79 points
or by 4.82%. The major losers were BEML (4.02%), A I A Engineering
(3.48%), A B B India (2.78%), Alstom India (1.71%) and Bharat
The FMCG index was at 6,093.57, down by 227.24 points or by
3.6%. The major losers were I T C (4.63%), Hindustan Unilever
(2.33%), Colgate-Palmolive (India) (1.74%), Dabur India (0.54%) and
Godrej Consumer Products (0.32%).
On the other hand, the IT index was at 7,676.99, up by 60.09
points or by 0.79%. The major gainers were Tata Consultancy
Services (1.12%), Infosys (0.84%), H C L Technologies (0.54%) and
Oracle Financial Services Software (0.18%).
Market breadth was negative with 642 advances against 1,484
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 523.01 million. It was followed by Yes Bank (Rs.
458.55 million), Sesa Goa (Rs. 440.91 million) and IDFC (Rs. 371.33
The volume chart was led by Jaiprakash Associates with trades of
over 4.80 million shares. It was followed by IDFC (4.55 million),
Jaiprakash Power Ventures (3.11 million) and Asahi India Glass