Sensex trades sluggish; M&M, Tata Motors, HUL fall
Published: 16th October 2012 03:18 PM
Last Updated: 16th October 2012 03:18 PM
Indian markets are trading in a sluggish manner despite positive
opening of European market. Realty, metal and auto stocks traded
At 1.47 p.m., the Sensex was trading down 38.31 points or 0.20%
at 18,675.24 with 19 components falling. Meanwhile, the Nifty was
trading lower by 10.50 points or 0.18% at 5,676.75 with 31
European stocks advancedin early trade on Tuesday ahead ofGerman
investor confidence report. U.S. futures were little changed, while
Asian shares gained.
The 30-share benchmark index, BSE Sensex opened with a gain of
71.20 points or 0.38% at 18,784.75, while the broad based NSE Nifty
started with a rise of 18.35 points or 0.32%, at 5,705.60.
Tata Motors contributed fall of 12.77 points in the Sensex. It
was followed by Mahindra & Mahindra (10.61 points), Hindustan
Unilever (10.23 points), Reliance Industries (8.44 points) and HDFC
Bank (6.54 points).
However, Housing Development Finance Corporation contributed
rise of 14.75 points in the Sensex. It was followed by Bharti
Airtel (9.12 points), Infosys (6.08 points), Tata Consultancy
Services (4.52 points) and Maruti Suzuki India (4.37 points).
Biggest gainers in the 30-share index were Bharti Airtel
(2.24%), Maruti Suzuki India (1.87%), Housing Development Finance
Corporation (1.10%), Tata Consultancy Services (0.50%), Infosys
(0.44%), and NTPC (0.36%).
On the other hand, Mahindra & Mahindra (2.29%), Tata Motors
(2.12%), Hindustan Unilever (1.40%), Cipla (1.07%), Sterlite
Industries (India) (0.98%), and Bharat Heavy Electricals (0.86%)
were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.39% and 0.41% respectively. The major
gainers in the BSE Midcap were Alstom India (1.79%), CORE Education
and Technologies (1.47%), Aban Offshore (1.13%), AIA Engineering
(0.89%) and Apollo Hospitals Enterprise (0.8%).The major gainers in
the BSE Smallcap were Reliance MediaWorks (2.88%), Aarti Industries
(0.93%), Action Construction Equipment (0.4%), Advanta India
(0.18%) and Trident (0.11%).
Sectors in Limelight
The Oil & Gas index was at 8,667.95, up by 79.29 points or
by 0.92%. The major gainers were Gujarat State Petronet (1.67%),
Cairn India (1.53%), Petronet LNG (0.58%) and Indian Oil
The Realty index was at 1,894.71, up by 15.26 points or by
0.81%. The major gainers were DB Realty (4.96%), Godrej Properties
(2.9%), Prestige Estates Projects (0.75%), Parsvnath Developers
(0.38%) and Oberoi Realty (0.24%).
The IPO index was at 1,670.50, up by 11.71 points or by 0.71%.
The major gainers were Bedmutha Industries (5.49%), Acropetal
Technologies (3.27%), Commercial Engineers and Body Builders
Company (2.24%), Flexituff International (0.92%) and Birla Pacific
On the other hand, the Auto index was at 10,240.09, down by 3.74
points or by 0.04%. The major losers were Mahindra & Mahindra
(2.29%) and Tata Motors (2.12%).
Market breadth was negative with 1,342 advances against 1,379
Value and Volume Toppers
Yes Bank topped the value chart on the BSE with a turnover of
Rs. 6,406.86 million. It was followed by United Spirits (Rs. 625.74
million), Reliance Industries (Rs. 563.68 million) and Axis Bank
(Rs. 529.23 million).
The volume chart was led by Yes Bank with trades of over 16.70
million shares. It was followed by Essar Oil (3.17 million), Jain
Irrigation Systems (2.75 million) and TV18 Broadcast (2.64