Sensex trades tad lower; IT down over 2%
12th October 2012 01:18 PM
Indian marketscontinue to trade on a flat note amid volatility. Consumer durables, realty and metal stocks witnessed buying interest while IT and capital goods fell the most.
India"s industrial production grew 2.7% during August 2012 as against the market expectations of0.94% growth.July industrial production has been revised lower tonegative 0.18%.Retail inflation rose to 9.73% (combined) in September 2012 as compared to 10.03% in August 2012.
At 11.57 a.m., the Sensex was trading down 7.76 points or 0.04% at 18,796.99 with 10 components falling. Meanwhile, the Nifty was trading lower by 0.55 points or 0.01% at 5,707.50 with 20 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 77.65 points or 0.41% at 18,727.10, while the broad based NSE Nifty started with a fall of 26.35 points or 0.46%, at 5,681.70.
Infosys contributed fall of 73.59 points in the Sensex. It was followed by ICICI Bank (4.52 points), Larsen & Toubro (4.51 points), Wipro (3.33 points) and Tata Motors (2.25 points).
However, HDFC Bank contributed rise of 14.61 points in the Sensex. It was followed by ITC (11.1 points), Tata Consultancy Services (10.76 points), Reliance Industries (7.08 points) and ACC (5.43 points).
Biggest gainers in the 30-share ind ex were Jindal Steel & Power (1.69%), GAIL (India) (1.40%), Tata Consultancy Services (1.19%), HDFC Bank (1.05%), NTPC (1.04%), and Sterlite Industries (India) (1.03%).
On the other hand, Infosys (4.92%), Wipro (1.21%), Sun Pharmaceutical Industries (0.61%), Bajaj Auto (0.44%), Larsen & Toubro (0.44%), and Tata Motors (0.37%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.88% and 1.01% respectively. The major gainers in the BSE Midcap were AIA Engineering (1.62%), ABG Shipyard (1%), Alstom India (0.8%), Alok Industries (0.4%) and Aban Offshore (0.01%).The major gainers in the BSE Smallcap were Trident (2.28%), Action Construction Equipment (1.98%), Aanjaneya Lifecare (0.53%), Styrolution ABS (India) (0.1%) and A2Z Maintenance & Engineering Services (0.07%).
Sectors in Limelight
The Consumer Durables index was at 7,244.35, up by 92.45 points or by 1.29%. The major gainers were Bajaj Electricals (2.29%), Titan Industries (1.86%), Gitanjali Gems (1.11%), Blue Star (0.4%) and Rajesh Exports (0.37%).
The Realty index was at 1,910.18, up by 23.88 points or by 1.27%. The major gainers were DB Realty (4.97%), Anant Raj Industries (3.74%), Godrej Properties (1.62%), Housing Development and Infrastructure (1.35%) and Indiabulls Real Estate (0.55%).
The IPO index was at 1,672.14, up by 17.53 points or by 1.06%. The major gainers were Electrosteel Steels (2.05%), Career Point (1.46%), Claris Lifesciences (1.37%), Commercial Engineers and Body Builders Company (0.66%) and Coal India (0.56%).
On the other hand, the IT index was at 5,755.04, down by 126.08 points or by 2.14%. The major losers were Infosys (4.92%), Wipro (1.21%), CORE Education and Technologies (0.43%) and HCL Technologies (0.19%).
Market breadth was positive with 1,532 advances against 963 declines.
Value and Volume Toppers
Infosys topped the value chart on the BSE with a turnover of Rs. 2,160.01 million. It was followed by State Bank Of India (Rs. 441.75 million), Tata Steel (Rs. 224.05 million) and United Spirits (Rs. 199.02 million).
The volume chart was led by Kingfisher Airlines with trades of over 6.51 million shares. It was followed by Unitech (4.78 million), TV18 Broadcast (3.34 million) and Cals Refineries (3.05 million).
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