Sensex turns negative; Oil & Gas, IT fall

27th September 2012 04:18 PM

Indian equitiesturned negative towards closing on Thursday amid pressure of F&O expiry. At 3.20 pm, the Sensex was trading down 25.85 points or 0.14% at 18,606.32 with 18 components falling. Meanwhile, the Nifty was trading lower by 16.75 points or 0.30% at 5,646.70 with 30 components falling.

The 30-share benchmark index, BSE Sensex opened with a gain of 27.58 points or 0.15% at 18,659.75, while the broad based NSE Nifty started with a rise of 10.30 points or 0.18%, at 5,673.75.

Sensex Movers

Reliance Industries contributed fall of 35.08 points in the Sensex. It was followed by Infosys (18.69 points), Oil & Natural Gas Corporation (14.22 points), ICICI Bank (13.3 points) and Tata Consultancy Services (10.68 points).

However, Larsen & Toubro contributed rise of 22.44 points in the Sensex. It was followed by I T C (19.79 points), Hindustan Unilever (11.42 points), State Bank Of India (6.23 points) and Tata Power Company (4.17 points).

Biggest gainers in the 30-share index were Larsen & Toubro (2.19%), Tata Power Company (2.09%), Hindustan Unilever (1.71%), Bajaj Auto (1.20%), I T C (1.18%), and Maruti Suzuki India (1.05%).

On the other hand, Sterlite Industries (India) (3.03%), Hero Motocorp (2.28%), Bharat Heavy Electricals (2.02%), Reliance Industries (1.98%), Oil & Natural Gas Corporation (1.94%), and Bharti Airtel (1.60%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.35% and 0.16% respectively. The major gainers in the BSE Midcap were Apollo Hospitals Enterprise (1.82%), Delta Corp (1.25%), Amara Raja Batteries (0.57%), Apollo Tyres (0.56%) and Amtek Auto (0.06%).The major gainers in the BSE Smallcap were Reliance MediaWorks (2.07%), A2Z Maintenance & Engineering Services (1.59%), Genesys International Corporation (1.24%), Ahluwalia Contracts (India) (0.76%) and Adhunik Metaliks (0.18%).

Sectors in Limelight

The Oil & Gas index was at 8,558.85, down by 162.49 points or by 1.86%. The major losers were Cairn India (2.11%), Hindustan Petroleum Corporation (1.7%), Bharat Petroleum Corporation (0.88%), G A I L (India) (0.52%) and Gujarat State Petronet (0.25%).

The IT index was at 5,898.43, down by 56.86 points or by 0.95%. The major losers were CORE Education and Technologies (2.4%), Infosys (1.26%), Mphasis (0.53%), Oracle Financial Services Software (0.47%) and Hexaware Technologies (0.25%).

The TECk index was at 3,391.33, down by 26.79 points or by 0.78%. The major losers were Bharti Airtel (1.6%), G T L Infrastructure (1.09%), Mphasis (0.53%), Oracle Financial Services Software (0.47%) and HT Media (0.43%).

On the other hand, the FMCG index was at 5,430.55, up by 81.50 points or by 1.52%. The major gainers were Jubilant FoodWorks (1.75%), Hindustan Unilever (1.71%), Godrej Consumer Products (1.35%), I T C (1.18%) and Colgate-Palmolive (India) (0.26%).

Market Breadth

Market breadth was positive with 1,515 advances against 1,356 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 2,985.52 million. It was followed by State Bank Of India (Rs. 1,070.27 million), United Breweries (Holdings) (Rs. 610.30 million) and Pantaloon Retail (India) (Rs. 517.50 million).

The volume chart was led by Kingfisher Airlines with trades of over 22.65 million shares. It was followed by Mahanagar Telephone Nigam (10.55 million), Cals Refineries (7.48 million) and Spicejet (5.63 million).

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