Sensex trades sluggish; Maruti, Dr Reddy`s, Wipro gain
Published: 31st October 2012 01:18 PM
Last Updated: 31st October 2012 01:18 PM
Indian equities continue to trade on a flat note due to
directionless market. Healthcare, auto and consumer durables stocks
traded higher. However capital goods, oil & gas and power
stocks faced the brunt of profit booking.
At 11.57 a.m., the
Sensex was trading up 2.49 points or 0.01% at 18,433.34 with 18
components gaining. Meanwhile, the Nifty was trading lower by 3.70
points or 0.07% at 5,594.20 with 28 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a rise
of 5.94 points or 0.03% at 18,436.79, while the broad based NSE
Nifty started with a fall of 1.15 points or 0.02%, at 5,596.75.
Tata Motors contributed rise of 10.13 points in the Sensex. It
was followed by Mahindra & Mahindra (5.83 points), Maruti
Suzuki India (5.76 points), ITC (5.16 points) and State Bank Of
India (4.87 points).
However, Larsen & Toubro contributed fall of 13.85 points in
the Sensex. It was followed by Oil & Natural Gas Corporation
(8.27 points), Hindustan Unilever (6.88 points), Reliance
Industries (5.98 points) and HDFC Bank (4.54 points).
Major gainers in the 30-share index were Maruti Suzuki India
(2.50%), Dr Reddy's Laboratories (2.39%), Wipro (1.90%), Tata
Motors (1.76%), Cipla (1.45%), and Mahindra & Mahindra
On the other hand, Jindal Steel & Power (1.53%), GAIL
(India) (1.51%), Bharat Heavy Electricals (1.34%), Larsen &
Toubro (1.26%), Oil & Natural Gas Corporation (1.21%), and
Hindustan Unilever (0.99%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.17% and 0.04% respectively. The major
gainers in the BSE Midcap were A I A Engineering (1.72%), Allahabad
Bank (1.29%), CORE Education and Technologies (0.19%), ABG Shipyard
(0.17%) and Aban Offshore (0.05%).The major gainers in the BSE
Smallcap were Aarti Industries (3.86%), Trident (1.14%),
Styrolution ABS (India) (0.94%), Advanta India (0.59%) and Adhunik
Sectors in Limelight
The Capital Goods index was at 10,794.38, down by 110.16 points
or by 1.01%. The major losers were BEML (1.8%), Bharat Heavy
Electricals (1.34%), Alstom T&D India (0.93%), Crompton Greaves
(0.7%) and Alstom India (0.65%).
The Oil & Gas index was at 8,326.98, down by 53.11 points or
by 0.63%. The major losers were GAIL (India) (1.51%), Hindustan
Petroleum Corporation (0.44%), Gujarat State Petronet (0.2%), Cairn
India (0.15%) and Oil India (0.07%).
The Power index was at 1,940.89, down by 9.69 points or by 0.5%.
The major losers were Reliance Infrastructure (2.33%), Bharat Heavy
Electricals (1.34%), GMR Infrastructure (0.75%), Crompton Greaves
(0.7%) and Adani Power (0.1%).
On the other hand, the HC index was at 7,587.97, up by 96.54
points or by 1.29%. The major gainers were Biocon (1.78%), Cipla
(1.45%), Divis Laboratories (1.34%), Cadila Healthcare (0.7%) and
Apollo Hospitals Enterprise (0.34%).
Market breadth was negative with 1,141 advances against 1,224
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 475.52 million. It was followed by United Spirits
(Rs. 300.99 million), Reliance Capital (Rs. 224.04 million) and
Maruti Suzuki India (Rs. 189.93 million).
The volume chart was led by TV18 Broadcast with trades of over
3.99 million shares. It was followed by Alok Industries (2.56
million), Lanco Infratech (2.41 million) and Kingfisher Airlines