Sensex down over 100 points; Mid and small-caps outperform
Published: 12th October 2012 03:18 PM
Last Updated: 12th October 2012 03:18 PM
Indian equities continue to trade in a subdued manner led by IT,
capital goods and auto stocks. At 1.57 p.m., the Sensex was trading
down 101.89 points or 0.54% at 18,702.86 with 15 components
falling. Meanwhile, the Nifty was trading lower by 24.95 points or
0.44% at 5,683.10 with 26 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
Infosys contributed fall of 76.84 points in the Sensex. It was
followed by Housing Development Finance Corporation (14.15 points),
ICICI Bank (13.44 points), Bharti Airtel (6.12 points) and Oil
& Natural Gas Corporation (5.52 points).
However, HDFC Bank contributed rise of 11.43 points in the
Sensex. It was followed by Tata Consultancy Services (5.2 points),
Reliance Communications (5.13 points), ACC (4.87 points) and
Jaiprakash Associates (2.39 points).
Major gainers in the 30-share index were GAIL (India) (1.31%),
Sterlite Industries (India) (1.03%), HDFC Bank (0.82%), Cipla
(0.69%), Tata Power Company (0.69%), and NTPC (0.69%).
On the other hand, Infosys (5.16%), Wipro (1.73%), Bharat Heavy
Electricals (1.71%), Sun Pharmaceutical Industries (1.52%), Dr
Reddy"s Laboratories (1.47%), and Bharti Airtel (1.40%) were the
biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.61% and 0.64% respectively. The major
gainers in the BSE Midcap were Alstom India (0.62%), Amara Raja
Batteries (0.6%), ABG Shipyard (0.48%), CORE Education and
Technologies (0.16%) and Allcargo Logistics (0.12%).The major
gainers in the BSE Smallcap were Trident (2.85%), Reliance
MediaWorks (1.59%), Action Construction Equipment (1.19%), Adhunik
Metaliks (0.63%) and Aanjaneya Lifecare (0.08%).
Sectors in Limelight
The Consumer Durables index was at 7,259.83, up by 107.93 points
or by 1.51%. The major gainers were Titan Industries (2.42%), Bajaj
Electricals (1.88%), Gitanjali Gems (1.75%), Rajesh Exports (0.74%)
and Blue Star (0.35%).
The Metal index was at 10,676.61, up by 49.41 points or by
0.46%. The major gainers were Bhushan Steel (1.28%), Jindal Steel
& Power (0.66%), Hindustan Zinc (0.44%), JSW Steel (0.37%) and
Hindalco Industries (0.25%).
The IPO index was at 1,662.05, up by 7.44 points or by 0.45%.
The major gainers were Claris Lifesciences (1.21%), Bedmutha
Industries (0.63%), Ashoka Buildcon (0.43%), Commercial Engineers
and Body Builders Company (0.2%) and BS TransComm (0.11%).
On the other hand, the IT index was at 5,741.86, down by 139.26
points or by 2.37%. The major losers were Infosys (5.16%), Wipro
(1.73%), Tech Mahindra (0.72%) and Oracle Financial Services
Market breadth was positive with 1,460 advances against 1,289
Value and Volume Toppers
Infosys topped the value chart on the BSE with a turnover of Rs.
2,431.82 million. It was followed by DB Realty (Rs. 853.34
million), State Bank Of India (Rs. 679.99 million) and United
Spirits (Rs. 336.08 million).
The volume chart was led by DB Realty with trades of over 9.07
million shares. It was followed by Unitech (6.75 million),
Kingfisher Airlines (6.68 million) and TV18 Broadcast (5.35