Sensex extends fall; Cipla, Reliance down 2%

26th October 2012 03:18 PM

Indian equities fell further towards closing on Friday. On sectoral front, consumer durables fell the most followed by healthcare and oil & gas.

At 2.22 pm, the Sensex was trading down 159.16 points or 0.85% at 18,599.47 with 24 components falling. Meanwhile, the Nifty was trading lower by 49.15 points or 0.86% at 5,656.15 with 41 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.

Sensex Movers

Reliance Industries contributed fall of 33.75 points in the Sensex. It was followed by I T C (31.26 points), Housing Development Finance Corporation (20.37 points), Larsen & Toubro (11.97 points) and H D F C Bank (11.73 points).

However, Mahindra & Mahindra contributed rise of 9.12 points in the Sensex. It was followed by Hero Motocorp (1.56 points), Hindustan Unilever (1.55 points), Bharat Heavy Electricals (1.54 points) and Sterlite Industries (India) (0.45 points).

Biggest gainers in the 30-share index were Mahindra & Mahindra (1.98%), G A I L (India) (0.85%), Hero Motocorp (0.75%), Bharat Heavy Electricals (0.62%), Sterlite Industries (India) (0.25%), and Hindustan Unilever (0.21%).

On the other hand, Cipla (2.09%), Reliance Industries (1.97%), Dr Reddy"S Laboratories (1.95%), I T C (1.71%), Housing Development Finance Corporation (1.53%), and State Bank Of India (1.44%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts declining -0.90% and -0.99% respectively.The major losers in the BSE Midcap were Allahabad Bank(4.11%), Andhra Bank (3.85%), Aban Offshore (1.57%), Amara Raja Batteries (0.8%) and CORE Education and Technologies (0.43%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (3.06%), Trident (1.89%), Styrolution ABS (India) (1.23%), Aarti Industries (0.86%) and Aanjaneya Lifecare (0.14%).

Sectors in Limelight

The Consumer Durables index was at 6,995.98, down by 230.63 points or by 3.19%. The major losers were Bajaj Electricals (8.24%), C.Mahendra Exports (3.95%), Blue Star (2.32%), Whirlpool Of India (1.38%) and Gitanjali Gems (1.18%).

The HC index was at 7,461.66, down by 107.89 points or by 1.43%. The major losers were Cipla (2.09%), Dr Reddy"S Laboratories (1.95%), Aurobindo Pharma (1.47%), Cadila Healthcare (1.33%) and Biocon (1.26%).

The Oil & Gas index was at 8,362.11, down by 108.27 points or by 1.28%. The major losers were Reliance Industries (1.97%), Oil & Natural Gas Corporation (1.03%), Bharat Petroleum Corporation (0.83%), Oil India (0.44%) and Indian Oil Corporation (0.31%).

On the other hand, the Auto index was at 10,224.76, up by 17.51 points or by 0.17%. The major gainers were Mahindra & Mahindra (1.98%) and Hero Motocorp (0.75%).

Market Breadth

Market breadth was negative with 899 advances against 1,821 declines.

Value and Volume Toppers

I C I C I Bank topped the value chart on the BSE with a turnover of Rs. 694.21 million. It was followed by State Bank Of India (Rs. 672.77 million), United Spirits (Rs. 561.23 million) and Anant Raj Industries (Rs. 548.18 million).

The volume chart was led by Cals Refineries with trades of over 18.43 million shares. It was followed by TV18 Broadcast (10.39 million), Anant Raj Industries (6.69 million) and Lanco Infratech (6.00 million).

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