Sensex continues to trade lower; Bharti plunges 4%

26th September 2012 04:18 PM

Indian markets continues to trade lower towards closing on Wednesday. At 3.06 pm, the Sensex was trading down 60.47 points or 0.32% at 18,633.94 with 18 components falling. Meanwhile, the Nifty was trading lower by 4.75 points or 0.08% at 5,669.15 with 32 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.

Sensex Movers

H D F C Bank contributed fall of 19.3 points in the Sensex. It was followed by Housing Development Finance Corporation (18.42 points), Bharti Airtel (17.46 points), Tata Motors (13.19 points) and Larsen & Toubro (8.72 points).

However, I T C contributed rise of 18.09 points in the Sensex. It was followed by State Bank Of India (10.88 points), ACC (5.21 points), Reliance Industries (4.95 points) and Hindustan Unilever (4.39 points).

Biggest gainers in the 30-share index were Cipla (3.04%), State Bank Of India (1.57%), Hero Motocorp (1.40%), I T C (1.07%), G A I L (India) (0.78%), and Wipro (0.66%).

On the other hand, Bharti Airtel (4.02%), Coal India (2.74%), Tata Motors (2.16%), Hindalco Industries (2.10%), H D F C Bank (1.40%), and Housing Development Finance Corporation (1.32%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.30% and 0.68% respectively. The major gainers in the BSE Midcap were Aban Offshore (3.72%), A I A Engineering (2.35%), Allcargo Logistics (0.93%), CORE Education and Technologies (0.72%) and Amara Raja Batteries (0.69%).The major gainers in the BSE Smallcap were Aegis Logistics (12.29%), Aarti Industries (3.18%), Reliance MediaWorks (0.69%), Adhunik Metaliks (0.53%) and A B G Infralogistics (0.23%).

Sectors in Limelight

The Metal index was at 10,446.05, down by 116.96 points or by 1.11%. The major losers were Coal India (2.74%), Hindalco Industries (2.1%), JSW Steel (0.2%), Jindal Steel & Power (0.04%) and Bhushan Steel (0.03%).

The TECk index was at 3,421.40, down by 20.09 points or by 0.58%. The major losers were Bharti Airtel (4.02%), Idea Cellular (1.27%), Oracle Financial Services Software (0.63%), D B Corp (0.35%) and Mphasis (0.19%).

The Capital Goods index was at 10,833.22, down by 61.47 points or by 0.56%. The major losers were Alstom T&D India (1.6%), BEML (0.77%), Crompton Greaves (0.61%), Bharat Heavy Electricals (0.26%) and Alstom India (0.19%).

On the other hand, the FMCG index was at 5,361.64, up by 47.33 points or by 0.89%. The major gainers were Colgate-Palmolive (India) (2.62%), Jubilant FoodWorks (1.11%), I T C (1.07%), United Breweries (0.96%) and Hindustan Unilever (0.65%).

Market Breadth

Market breadth was negative with 1,445 advances against 1,452 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 1,774.99 million. It was followed by Max India (Rs. 1,135.47 million), State Bank Of India (Rs. 1,091.41 million) and Pantaloon Retail (India) (Rs. 942.25 million).

The volume chart was led by Kingfisher Airlines with trades of over 16.09 million shares. It was followed by Spicejet (14.39 million), Lanco Infratech (7.75 million) and I F C I (6.63 million).

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