Sensex pares some losses; ITC gains on better results

19th October 2012 02:18 PM

Indian markets pared some of the losses in post noon session on Friday. At 1.04 pm, the Sensex was trading down 82.14 points or 0.44% at 18,709.79 with 24 components falling. Meanwhile, the Nifty was trading lower by 31 points or 0.54% at 5,687.70 with 41 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 23.93 points or 0.13% at 18,768.00, while the broad based NSE Nifty started with a fall of 15.40 points or 0.27%, at 5,703.30.FMCG major ITC gained after reporting strong earnings growth of 21.3% beating analysts" estimates.

Sensex Movers

Reliance Industries contributed fall of 15.58 points in the Sensex. It was followed by H D F C Bank (11.39 points), Housing Development Finance Corporation (11.11 points), Hindustan Unilever (10.67 points) and Larsen & Toubro (8.07 points).

However, I T C contributed rise of 23.31 points in the Sensex. It was followed by Infosys (5.34 points), Wipro (1.95 points), D L F (0.74 points) and Tata Motors (0.22 points).

Major gainers in the 30-share index were ITC (1.27%), Wipro (0.77%), Bajaj Auto (0.67%), Dr Reddy"S Laboratories (0.42%), Infosys (0.39%), and Tata Motors (0.04%).

On the other hand, G A I L (India) (1.93%), Hindalco Industries (1.78%), Jindal Steel & Power (1.77%), Hindustan Unilever (1.46%), Sun Pharmaceutical Industries (1.41%), and Sterlite Industries (India) (1.04%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 6693.19 down by 13.63 points or by 0.2%.The major losers were Aban Offshore (1.18%), Allahabad Bank (0.8%), Allcargo Logistics (0.3%), CORE Education and Technologies (0.24%) and Amtek India (0.05%).

Sectors in Limelight

The Oil & Gas index was at 8,425.90, down by 76.77 points or by 0.9%. The major losers were G A I L (India) (1.93%), Bharat Petroleum Corporation (1.56%), Gujarat State Petronet (1.49%), Cairn India (1.32%) and Hindustan Petroleum Corporation (0.31%).

The Metal index was at 10,405.35, down by 84.61 points or by 0.81%. The major losers were Hindalco Industries (1.78%), Jindal Steel & Power (1.77%), Coal India (0.93%), JSW Steel (0.45%) and Bhushan Steel (0.26%).

The Power index was at 2,031.28, down by 16.4 points or by 0.8%. The major losers were Adani Power (1.2%), Reliance Infrastructure (1.05%), Crompton Greaves (0.95%), Bharat Heavy Electricals (0.73%) and A B B (0.33%).

On the other hand, the Consumer Durables index was at 7,371.97, up by 69.86 points or by 0.96%. The major gainers were Gitanjali Gems (2.9%), Rajesh Exports (2.29%), Blue Star (1.38%), Titan Industries (0.88%) and Whirlpool Of India (0.85%).

Market Breadth

Market breadth was negative with 1,259 advances against 1,431 declines.

Value and Volume Toppers

L I C Housing Finance topped the value chart on the BSE with a turnover of Rs. 484.31 million. It was followed by State Bank Of India (Rs. 462.30 million), Axis Bank (Rs. 276.18 million) and United Spirits (Rs. 253.51 million).

The volume chart was led by Cals Refineries with trades of over 5.39 million shares. It was followed by Subex (4.43 million), TV18 Broadcast (2.88 million) and Indiabulls Securities (2.28 million).

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