Sensex down 68 points in opening trade
26th September 2012 10:18 AM
Indian equities dropped in early trade on Wednesday erasing earlier gains. At 09.20 a.m., the Sensex was trading down 67.66 points or 0.36% at 18,626.75 with 22 components falling. Meanwhile, the Nifty was trading lower by 23.25 points or 0.41% at 5,650.65 with 40 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 49.87 points or 0.27% at 18,644.54, while the broad based NSE Nifty started with a fall of 20.50 points or 0.36%, at 5,653.40.
Housing Development Finance Corporation contributed fall of 11.34 points in the Sensex. It was followed by Infosys (9.91 points), Larsen & Toubro (8.49 points), I C I C I Bank (7.68 points) and State Bank Of India (6.39 points).
However, I T C contributed rise of 10.98 points in the Sensex. It was followed by Hindustan Unilever (5.6 points), Tata Consultancy Services (5.09 points), Reliance Industries (2.32 points) and Wipro (2.06 points).
Biggest gainers in the 30-share index were Cipla (1.05%), Hindustan Unilever (0.83%), Wipro (0.76%), I T C (0.65%), NTPC (0.61%), and Tata Consultancy Services (0.57%).
On the other hand, Maruti Suzuki India (1.60%), Sterlite Industries (India) (1.53%), Bharat Heavy Electricals (1.42%), Tata Steel (1.36%), Bharti Airtel (1.29%), and Jindal Steel & Power (1.13%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6469.12 down by 14.37 points or by 0.22%.The major losers were Alok Industries (1.59%), Andhra Bank (1.17%), Anant Raj Industries (0.7%), A B G Shipyard (0.49%) and Aban Offshore (0.39%).
Sectors in Limelight
The Metal index was at 10,456.13, down by 106.88 points or by 1.01%. The major losers were Jindal Steel & Power (1.13%), JSW Steel (1.06%), Hindalco Industries (0.84%), Coal India (0.69%) and Hindustan Zinc (0.34%).
The Auto index was at 10,174.26, down by 101.05 points or by 0.98%. The major losers were Hero Motocorp (1.1%), Bajaj Auto (0.82%), Bharat Forge (0.68%), Ashok Leyland (0.61%) and Cummins India (0.25%).
The Capital Goods index was at 10,813.85, down by 80.84 points or by 0.74%. The major losers were Bharat Heavy Electricals (1.42%), Larsen & Toubro (0.83%), Crompton Greaves (0.69%), BEML (0.54%) and Pipavav Defence and Offshore Engineering Company (0.13%).
On the other hand, the FMCG index was at 5,348.84, up by 34.53 points or by 0.65%. The major gainers were Hindustan Unilever (0.83%), Colgate-Palmolive (India) (0.73%), I T C (0.65%), Jubilant FoodWorks (0.59%) and Godrej Consumer Products (0.45%).
Market breadth was negative with 447 advances against 424 declines.
Value and Volume Toppers
Intellivate Capital Ventures -PPS topped the value chart on the BSE with a turnover of Rs. 0.00 million. It was followed by Max India (Rs. 1,062.79 million), United Spirits (Rs. 98.83 million) and United Breweries (Holdings) (Rs. 80.14 million).
The volume chart was led by Max India with trades of over 5.32 million shares. It was followed by I F C I (1.51 million), Kingfisher Airlines (1.02 million) and United Breweries (Holdings) (0.57 million).
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