Sensex trades down 50 pts; BHEL, Tata Power, Hindalco fall

08th October 2012 11:18 AM

Indian equities continued to decline on Monday. At 10.07 a.m., the Sensex was trading down 50.37 points or 0.27% at 18,888.09 with 17 components falling. Meanwhile, the Nifty was trading lower by 26.80 points or 0.47% at 5,720.15 with 33 components falling.

The 30-share benchmark index, BSE Sensex opened with a gain of 30.73 points or 0.16% at 18,969.19, while the broad based NSE Nifty began flat with a gain of 4.90 points or 0.09%, at 5,751.85.

Sensex Movers

Reliance Industries contributed fall of 20.61 points in the Sensex. It was followed by I C I C I Bank (14.7 points), Larsen & Toubro (8.93 points), State Bank Of India (8.12 points) and Bharat Heavy Electricals (5.16 points).

However, Housing Development Finance Corporation contributed rise of 7.74 points in the Sensex. It was followed by Sun Pharmaceutical Industries (7.64 points), Bharti Airtel (5.21 points), Tata Consultancy Services (2.96 points) and Sterlite Industries (India) (1.94 points).

Major gainers in the 30-share index were Sun Pharmaceutical Industries (2.33%), Cipla (1.55%), Bharti Airtel (1.18%), Sterlite Industries (India) (1.04%), Dr Reddy"S Laboratories (0.99%), and Maruti Suzuki India (0.80%).

On the other hand, Bharat Heavy Electricals (2.19%), Tata Power Company (1.97%), Hindalco Industries (1.48%), Wipro (1.31%), State Bank Of India (1.15%), and Reliance Industries (1.15%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.60% and 0.68% respectively. The major gainers in the BSE Midcap were A B G Shipyard (1.12%), Aban Offshore (0.55%), Alstom India (0.47%), A I A Engineering (0.21%) and CORE Education and Technologies (0.11%).The major gainers in the BSE Smallcap were Trident (6.08%), Styrolution ABS (India) (4.37%), A2Z Maintenance & Engineering Services (2.03%), Aarti Industries (0.95%) and A B G Infralogistics (0.26%).

Sectors in Limelight

The Realty index was at 1,930.15, down by 19.43 points or by 1%. The major losers were D L F (3.89%), Parsvnath Developers (1.31%), Unitech (0.59%), Housing Development and Infrastructure (0.41%) and Sobha Developers (0.25%).

The Bankex index was at 13,116.68, down by 95.43 points or by 0.72%. The major losers were I C I C I Bank (1.01%), Bank Of Baroda (0.91%), Indusind Bank (0.42%), H D F C Bank (0.36%) and Canara Bank (0.19%).

The Capital Goods index was at 11,263.54, down by 75.97 points or by 0.67%. The major losers were Bharat Heavy Electricals (2.45%), Pipavav Defence and Offshore Engineering Company (1.22%), Larsen & Toubro (0.87%), Siemens (0.4%) and A B B (0.15%).

On the other hand, the HC index was at 7,522.93, up by 95.78 points or by 1.29%. The major gainers were Aurobindo Pharma (3.11%), Apollo Hospitals Enterprise (2.77%), Cipla (1.26%), Biocon (0.93%) and Cadila Healthcare (0.49%).

Market Breadth

Market breadth was positive with 1,176 advances against 762 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 164.49 million. It was followed by D L F (Rs. 140.05 million), Reliance Capital (Rs. 131.88 million) and United Spirits (Rs. 123.22 million).

The volume chart was led by Lanco Infratech with trades of over 1.57 million shares. It was followed by Cals Refineries (1.54 million), I F C I (1.50 million) and Archies (1.43 million).

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