Indian markets shed some of its initial gains postnoon trade on Monday. Capital goods, power and PSU stockstraded lower, while consumer durablesand oil & gas gained.
At 12.50 p.m., the Sensex was trading up 11.40 points or 0.06% at 18,636.74 with 17 components gaining. Meanwhile, the Nifty was trading higher by 1.65 points or 0.03% at 5,665.95 with 30 components gaining.
Finance Minister P Chidambaram on Monday said path to fiscal consolidation will be the top priority. He said Kelkar committee recommendations are wholesome and have been accepted by the government. Meanwhile, Bharat Heavy Electricals (BHEL)reported a fall of 9.74% in net profit for the quarter ended September 30, 2012.During the quarter, the net profit dropped to Rs 12.74 billion for the quarter ended September 30, 2012 as compared to Rs 14.12 billion in the same period last year. Analysts on an average were expecting profit of Rs 14.46 billion.
The 30-share benchmark index, BSE Sensex opened with a gain of 30.66 points or 0.16% at 18,656.00, while the broad based NSE Nifty began flat with a gain of 0.90 points or 0.02%, at 5,665.20.
Sensex Movers
Reliance Industries contributed rise of 29.05 points in the Sensex. It was followed by ITC (6.71 points), Wipro (6.37 points), Mahindra & Mahindra (6.07 points) and HDFC Bank (4.06 points).
However, Hindustan Unilever contributed fall of 10.63 points in the Sensex. It was followed by Housing Development Finance Corporation (8.81 points), Bharat Heavy Electricals (8.44 points), Tata Motors (7.6 points) and ICICI Bank (5.98 points).
Major gainers in the 30-share index were Wipro (2.51%), Hero Motocorp (1.82%), Reliance Industries (1.70%), Mahindra & Mahindra (1.31%), Cipla (1.14%), and Hindalco Industries (1.02%).
On the other hand, Bharat Heavy Electricals (3.41%), Sterlite Industries (India) (1.74%), Hindustan Unilever (1.46%), Tata Motors (1.26%), GAIL (India) (1.07%), and Coal India (1.01%) were the biggest losers in the Sensex.
Mid-cap Space
The BSE Midcap index was at 6601.41 down by 1.74 points or by 0.03%. The major losers were Allahabad Bank(1.71%), Alstom India (1.46%), Allcargo Logistics (0.76%), Amara Raja Batteries (0.7%) and A B G Shipyard (0.45%).
Sectors in Limelight
The Capital Goods index was at 11,243.43, down by 84.85 points or by 0.75%. The major losers were Bharat Heavy Electricals (3.41%), Alstom India (1.46%), Bharat Electronics (1.31%)and BEML (0.18%).
The Power index was at 1,981.00, down by 4.91 points or by 0.25%. The major losers were Bharat Heavy Electricals (3.41%), Crompton Greaves (0.56%), ABB (0.28%), NHPC (0.23%) and NTPC (0.06%).
The IT index was at 5,651.54, down by 9.95 points or by 0.18%. The major losers were Hexaware Technologies (1.99%), Oracle Financial Services Software (1.19%), Mphasis (0.64%), Tata Consultancy Services (0.4%) and Infosys (0.38%).
On the other hand, the Consumer Durables index was at 7,091.52, up by 70.00 points or by 1%. The major gainers were Blue Star (2.32%), Rajesh Exports (1.26%), Whirlpool Of India (1.2%), Titan Industries (1.13%) and Gitanjali Gems (1.02%).
Market Breadth
Market breadth was negative with 1,275 advances against 1,278 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 641.21 million. It was followed by United Spirits (Rs. 575.70 million), United Breweries (Rs. 401.28 million) and Bharat Heavy Electricals (Rs. 219.99 million).
The volume chart was led by Kingfisher Airlines with trades of over 9.33 million shares. It was followed by Lanco Infratech (3.98 million), Veer Energy and Infrastructure (2.30 million) and TV18 Broadcast (2.15 million).
Post a Comment