Sensex trades lower; Mid and small-caps outperform
19th October 2012 12:18 PM
Indian markets continue to tradein a lackluster note amid mixed Asian cues. BSE Mid and Small-cap indices outperformed benchmark indices. Oil & gas, power and metal stocks traded lower.
At 11.16 a.m., the Sensex was trading down 56.09 points or 0.30% at 18,735.84 with 23 components falling. Meanwhile, the Nifty was trading lower by 15 points or 0.26% at 5,703.70 with 36 components falling.
Asian stocks traded mixed as worse-than-expected earnings results from Google Inc. and Microsoft Corp. weighed on technology shares. Losses were limited after consumer confidence and an index of leading indicators in the U.S. rose.
The 30-share benchmark index, BSE Sensex opened with a decline of 23.93 points or 0.13% at 18,768, while the broad based NSE Nifty started with a fall of 15.40 points or 0.27%, at 5,703.30.
Reliance Industries contributed fall of 13.27 points in the Sensex. It was followed by Hindustan Unilever (7.38 points), Larsen & Toubro (7.14 points), Housing Development Finance Corporation (6.97 points) and Bharti Airtel (4.84 points).
However, Infosys contributed rise of 7.76 points in the Sensex. It was followed by ITC (3.78 points), ICICI Bank (3.68 points), Tata Motors (2.02 points) and Wipro (1.88 points).
Biggest gainers in the 30-share index were Bajaj Auto (1.10%), Dr Reddy's Laboratories (0.94%), Wipro (0.74%), Infosys (0.56%), Tata Motors (0.33%), and ICICI Bank (0.26%).
On the other hand, GAIL (India) (1.34%), Bharti Airtel (1.19%), Tata Power Company (1.08%), Jindal Steel & Power (1.03%), Hindustan Unilever (1.01%), and NTPC (0.98%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.25% and 0.41% respectively. The major gainers in the BSE Midcap were A B G Shipyard (3.78%), Allcargo Logistics (2.24%), AIA Engineering (1.79%), Alstom India (0.86%) and Allahabad Bank (0.59%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (1.31%), Styrolution ABS (India) (0.89%), Adhunik Metaliks (0.61%), Reliance MediaWorks (0.39%) and Trident (0.11%).
Sectors in Limelight
The Oil & Gas index was at 8,452.41, down by 50.26 points or by 0.59%. The major losers were GAIL (India) (1.34%), Bharat Petroleum Corporation (1.01%), Cairn India (0.46%), Gujarat State Petronet (0.25%) and Hindustan Petroleum Corporation (0.22%).
The Power index was at 2,036.84, down by 10.84 points or by 0.53%. The major losers were Adani Power (1%), JSW Energy (0.71%), Reliance Infrastructure (0.61%), GMR Infrastructure (0.43%) and Bharat Heavy Electricals (0.36%).
The Metal index was at 10,448.27, down by 41.69 points or by 0.4%. The major losers were Jindal Steel & Power (1.03%), Hindalco Industries (0.98%), Coal India (0.88%), Sesa Goa (0.38%) and Bhushan Steel (0.08%).
On the other hand, the Consumer Durables index was at 7,381.69, up by 79.58 points or by 1.09%. The major gainers were Gitanjali Gems (4.7%), Blue Star (1.93%), Rajesh Exports (1.37%), Whirlpool Of India (1.25%) and C.Mahendra Exports (0.54%).
Market breadth was positive with 1,298 advances against 1,095 declines.
Value and Volume Toppers
LIC Housing Finance topped the value chart on the BSE with a turnover of Rs. 421.59 million. It was followed by Hatsun Agro Product (Rs. 332.80 million), State Bank Of India (Rs. 264.82 million) and Axis Bank (Rs. 188.77 million).
The volume chart was led by Cals Refineries with trades of over 4.16 million shares. It was followed by Hatsun Agro Product (3.47 million), Subex (2.17 million) and Firstsource Solutions (1.78 million).
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