Nifty falls 0.5%, trades below 5,700

23rd October 2012 02:18 PM

Indian markets still trading with negative bias led by consumer durables, FMCG and auto stocks. However capital goods and healthcare stocks advance.

At 1.12 pm, the Sensex was trading down 75.93 points or 0.40% at 18,717.51 with 23 components falling. Meanwhile, the Nifty was trading lower by 27.85 points or 0.49% at 5,689.30 with 40 components falling.

The 30-share benchmark index, BSE Sensex opened flat with a rise of 10.18 points or 0.05% at 18,803.62, while the broad based NSE Nifty started with a fall of 1.50 points or 0.03%, at 5,715.65.

Sensex Movers

I T C contributed fall of 24.06 points in the Sensex. It was followed by Infosys (15.15 points), H D F C Bank (13.42 points), Reliance Industries (11.51 points) and Oil & Natural Gas Corporation (5.66 points).

However, Larsen & Toubro contributed rise of 19.87 points in the Sensex. It was followed by I C I C I Bank (2.85 points), Bharti Airtel (1.5 points), Hindustan Unilever (0.51 points) and Reliance Communications (0.08 points).

Biggest gainers in the 30-share index were Larsen & Toubro (1.85%), Coal India (0.77%), Bharti Airtel (0.37%), Cipla (0.33%), Dr Reddy"S Laboratories (0.30%), and I C I C I Bank (0.20%).

On the other hand, Hero Motocorp (1.94%), Jindal Steel & Power (1.39%), I T C (1.31%), Tata Power Company (1.22%), Infosys (1.10%), and H D F C Bank (0.95%) were the biggest losers in the Sensex.

Mid-cap Space

The BSE Midcap index was at 6659.04 down by 5.71 points or by 0.09%. The major losers were Amtek India (1.78%), Alstom India (1.55%), Andhra Bank (0.83%), CORE Education and Technologies (0.53%) and Apollo Hospitals Enterprise (0.01%).

Sectors in Limelight

The Consumer Durables index was at 7,202.03, down by 97.8 points or by 1.34%. The major losers were C.Mahendra Exports (4.06%), Blue Star (3.54%), Titan Industries (1.6%), Bajaj Electricals (0.64%) and Rajesh Exports (0.57%).

The FMCG index was at 5,814.75, down by 57.22 points or by 0.97%. The major losers were United Spirits (1.97%), Jubilant FoodWorks (1.46%), I T C (1.31%), Nestle India (1.07%) and Colgate-Palmolive (India) (0.9%).

The Auto index was at 10,143.09, down by 87.45 points or by 0.85%. The major losers were Hero Motocorp (1.94%), Bajaj Auto (0.62%), Bharat Forge (0.45%), Ashok Leyland (0.43%) and Exide Industries (0.21%).

On the other hand, the Capital Goods index was at 11,324.08, up by 111.60 points or by 1.00%. The major gainers were A I A Engineering (3.32%), Larsen & Toubro (1.85%), Praj Industries (0.86%), BEML (0.39%) and Alstom T&D India (0.17%).

Market Breadth

Market breadth was negative with 1,255 advances against 1,349 declines.

Value and Volume Toppers

Standard Chartered PLC topped the value chart on the BSE with a turnover of Rs. 1,237.79 million. It was followed by Adani Enterprises (Rs. 1,204.87 million), Larsen & Toubro (Rs. 496.91 million) and Infosys (Rs. 409.69 million).

The volume chart was led by Cals Refineries with trades of over 23.31 million shares. It was followed by Standard Chartered PLC (12.03 million), Adani Enterprises (5.33 million) and Firstsource Solutions (4.50 million).

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