Sensex extends losses led by rate sensitives on RBI policy
30th October 2012 12:18 PM
Indian equities extended losses led by interest rate sensitive sectorsafter the RBIkept repo rate unchanged. All sectoral indices are trading in red with realty, banking and capital goods leading the space.
At 11.52 a.m., the Sensex was trading down 193.20 points or 1.04% at 18,442.62 with 25 components falling. Meanwhile, the Nifty was trading lower by 66.30 points or 1.17% at 5,599.30 with 46 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 6.19 points or 0.03% at 18,642.01, while the broad based NSE Nifty started with a fall of 9.25 points or 0.16%, at 5,656.35.
ICICI Bank contributed fall of 41.38 points in the Sensex. It was followed by Larsen & Toubro (26.97 points), Tata Motors (23.05 points), State Bank Of India (18.77 points) and ITC (14.31 points).
However, Infosys contributed rise of 6.25 points in the Sensex. It was followed by Tata Consultancy Services (4.44 points), Hindustan Unilever (4.33 points), andBharti Airtel (0.54 points).
Major gainers in the 30-share index were Dr Reddy's Laboratories (0.90%), Hindustan Unilever (0.62%), Tata Consultancy Services (0.49%), Infosys (0.47%), and Bharti Airtel (0.13%).
On the other hand, Tata Motors (3.99%), ICICI Bank (2.85%), State Bank Of India (2.76%), Hero Motocorp (2.67%), Larsen & Toubro (2.45%), and Hindalco Industries (2.42%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.99% and -0.84% respectively.The major losers in the BSE Midcap were Allahabad Bank(2.23%), Alstom India (1.62%), CORE Education and Technologies (1.48%), Aban Offshore (0.97%) and ABG Shipyard (0.08%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (3.47%), Aarti Industries (1.67%), Trident (1.11%), Aanjaneya Lifecare (0.46%) and Styrolution ABS (India) (0.2%).
Sectors in Limelight
The Realty index was at 1,743.23, down by 44.13 points or by 2.47%. The major losers were Indiabulls Real Estate (4.06%), DB Realty (3.2%), DLF (2.75%), Godrej Properties (1.57%) and Anant Raj Industries (1.26%).
The Capital Goods index was at 10,909.76, down by 227.05 points or by 2.04%. The major losers were Bharat Electronics (4.44%), Crompton Greaves (2.64%), Alstom India (1.62%), ABB (1.5%) and BEML (1.12%).
The Bankex index was at 12,914.34, down by 266.27 points or by 2.02%. The major losers were Canara Bank(5.03%), Bank Of Baroda (3.93%), Bank Of India (2.05%), Federal Bank (1.31%) and HDFC Bank (0.71%).
On the other hand, the IT index was at 5,674.92, up by 5.95 points or by 0.10%. The major gainers were Oracle Financial Services Software (0.52%), Tata Consultancy Services (0.49%) and Infosys (0.47%).
Market breadth was negative with 797 advances against 1,581 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,263.85 million. It was followed by KPIT Cummins Infosystems (Rs. 668.57 million), United Spirits (Rs. 634.48 million) and ICICI Bank (Rs. 289.88 million).
The volume chart was led by KPIT Cummins Infosystems with trades of over 5.54 million shares. It was followed by Kingfisher Airlines (2.09 million), Lanco Infratech (2.01 million) and Veer Energy and Infrastructure (1.88 million).
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