Sensex, Nifty fall 1.2% at close; RIL, Hindalco, L&T plunge
Published: 08th October 2012 04:18 PM
Last Updated: 08th October 2012 04:18 PM
Indian markets drifted sharply loweron Mondaywith Sensex falling
below 18,800 and Niftylosing 5,700 mark on aggressive selling
pressure seen across counters. Global markets were also
At the close, the benchmark 30-share index, BSE Sensex declined
229.48 points or 1.21% at 18,708.98 with 22 components posting
drop. Meanwhile, the broad based NSE Nifty went down by 70.95
points or 1.23% at 5,676 with 40 components registering
drop.Heavyweight Reliance Industries plunged today after global
firm Morgan Stanley downgraded the company to underweight from
equal weight. It has also cut the target price on the company to Rs
743, which implies a 13% downside.Sensex Movers
Reliance Industries contributed fall of 80.22 points in the
Sensex. It was followed by Larsen & Toubro (31.78 points),
Infosys (21.8 points), State Bank Of India (20.72 points) and ICICI
Bank (19.63 points).
However, Sun Pharmaceutical Industries contributed rise of 11.95
points in the Sensex. It was followed by ITC (11.03 points), Bharti
Airtel (7.05 points), Reliance Communications (2.05 points) and
NTPC (1.05 points).
Major gainers in the 30-share index were Sun Pharmaceutical
Industries (3.67%), Bharti Airtel (1.62%), Cipla (0.87%), Jindal
Steel & Power (0.79%), ITC (0.65%), and NTPC (0.32%).
On the other hand, Reliance Industries (4.51%), Hindalco
Industries (3.52%), Bharat Heavy Electricals (3.44%), Larsen &
Toubro (3.09%), State Bank Of India (2.97%), and Tata Motors
(2.87%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts declining-0.44% and -0.16% respectively.The major
losers in the BSE Midcap were Allcargo Logistics (1.68%), Aban
Offshore (1.62%), CORE Education and Technologies (1.62%), Alstom
India (1.49%) and AIA Engineering (0.05%).The major losers in the
BSE Smallcap were Trident (3.54%), Aanjaneya Lifecare (3.43%), ABG
Infralogistics (1.97%), Aarti Industries (0.32%) and Styrolution
ABS (India) (0.14%).
Sectors in Limelight
The Realty index was at 1,881.40, down by 68.18 points or by
3.5%. The major losers were DLF (7.24%), Indiabulls Real Estate
(4.11%), Housing Development and Infrastructure (2.63%), Anant Raj
Industries (2.06%) and Oberoi Realty (0.5%).
The Oil & Gas index was at 8,606.89, down by 245.34 points
or by 2.77%. The major losers were Oil India (1.22%), Hindustan
Petroleum Corporation (0.43%), Gujarat State Petronet (0.43%),
Bharat Petroleum Corporation (0.25%) and G A I L (India)
The Capital Goods index was at 11,032.78, down by 306.73 points
or by 2.7%. The major losers were Bharat Heavy Electricals (3.44%),
A B B (2.63%), Alstom India (1.49%), BEML (1.34%) and A I A
On the other hand, the HC index was at 7,516.01, up by 88.86
points or by 1.20%. The major gainers were Aurobindo Pharma
(3.61%), Apollo Hospitals Enterprise (2.28%), Cadila Healthcare
(2.22%), Cipla (0.87%) and Divis Laboratories (0.47%).
Market breadth was negative with 1,425 advances against 1,542
Value and Volume Toppers
Shree Cement topped the value chart on the BSE with a turnover
of Rs. 1,671.75 million. It was followed by United Spirits (Rs.
1,344.57 million), State Bank Of India (Rs. 985.04 million) and
Reliance Industries (Rs. 604.70 million).
The volume chart was led by Lanco Infratech with trades of over
6.37 million shares. It was followed by IVRCL (4.54 million),
Housing Development and Infrastructure (4.36 million) and IFCI