Sensex, Nifty down 0.5%; ICICI Bank, United Spirits active
26th October 2012 02:18 PM
Indian equities still trading in a sluggish manner led by losses seen in consumer durables, healthcare and oil & gas stocks.
At 12.59 p.m., the Sensex was trading down 106.25 points or 0.57% at 18,652.38 with 19 components falling. Meanwhile, the Nifty was trading lower by 33.75 points or 0.59% at 5,671.55 with 37 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 43.28 points or 0.23% at 18,715.35, while the broad based NSE Nifty started with a fall of 21.75 points or 0.38%, at 5,683.55.
ITC contributed fall of 31.35 points in the Sensex. It was followed by Reliance Industries (26.23 points), Housing Development Finance Corporation (19.29 points), Larsen & Toubro (7.46 points) and HDFC Bank (6.82 points).
However, Mahindra & Mahindra contributed rise of 9.25 points in the Sensex. It was followed by Hindustan Unilever (4.14 points), Tata Motors (3.57 points), Bharat Heavy Electricals (2.37 points) and ICICI Bank (1.63 points).
Major gainers in the 30-share index were Mahindra & Mahindra (2%), Bharat Heavy Electricals (0.96%), Hero Motocorp (0.75%), Tata Motors (0.59%), Hindustan Unilever (0.57%), and GAIL (India) (0.53%).
On the other hand, Cipla (1.85%), Dr Reddy's Laboratories (1.76%), ITC (1.71%), Reliance Industries (1.53%), Housing Development Finance Corporation (1.44%), and Bharti Airtel (1.26%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.36% and -0.46% respectively.The major losers in the BSE Midcap were Allahabad Bank(2.36%), Aban Offshore (2.09%), CORE Education and Technologies (0.85%), Anant Raj Industries (0.7%) and ABG Shipyard (0.11%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (2.42%), Trident (1.56%), Aarti Industries (0.76%), Action Construction Equipment (0.37%) and Aanjaneya Lifecare (0.18%).
Sectors in Limelight
The Consumer Durables index was at 7,096.00, down by 130.61 points or by 1.81%. The major losers were Bajaj Electricals (7.55%), C.Mahendra Exports (2.43%), Blue Star (1.38%), Whirlpool Of India (1.18%) and Gitanjali Gems (0.12%).
The HC index was at 7,486.24, down by 83.31 points or by 1.1%. The major losers were Cipla (1.85%), Dr Reddy's Laboratories (1.76%), Aurobindo Pharma (1.72%), Biocon (1.28%) and Cadila Healthcare (0.99%).
The Oil & Gas index was at 8,389.96, down by 80.42 points or by 0.95%. The major losers were Oil & Natural Gas Corporation (0.83%), Bharat Petroleum Corporation (0.27%), Indian Oil Corporation (0.27%), Oil India (0.25%) and Cairn India (0.1%).
On the other hand, the Auto index was at 10,271.29, up by 64.04 points or by 0.63%. The major gainers were Mahindra & Mahindra (2%), Hero Motocorp (0.75%), Tata Motors (0.59%), Bajaj Auto (0.43%) and Exide Industries (0.36%).
Market breadth was negative with 983 advances against 1,564 declines.
Value and Volume Toppers
ICICI Bank topped the value chart on the BSE with a turnover of Rs. 529.29 million. It was followed by United Spirits (Rs. 450.99 million), State Bank Of India (Rs. 429.42 million) and Anant Raj Industries (Rs. 423.79 million).
The volume chart was led by TV18 Broadcast with trades of over 8.47 million shares. It was followed by Cals Refineries (5.44 million), Anant Raj Industries (5.40 million) and Firstsource Solutions (4.06 million).
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