Sensex trades down 0.5%; Realty, Auto plunge
24th January 2013 11:18 AM
Indian equities dropped on Thursday erasing earlier gains. At 10.52 a.m, the Sensex was trading down 89.21 points or 0.45% at 19,937.40 with 22 components falling. Meanwhile, the Nifty was trading lower by 30.90 points or 0.51% at 6,023.40 with 40 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a decline of 9.41 points or 0.05% at 20,017.20, while the broad based NSE Nifty started with a fall of 8.10 points or 0.13%, at 6,046.20.
Tata Motors contributed fall of 50.5 points in the Sensex. It was followed by Reliance Industries (19.99 points), Larsen & Toubro (18.61 points), I C I C I Bank (13.98 points) and Mahindra & Mahindra (12.72 points).
However, I T C contributed rise of 19.01 points in the Sensex. It was followed by Oil & Natural Gas Corporation (17.65 points), Tata Consultancy Services (13.88 points), Infosys (10.95 points) and H D F C Bank (7.83 points).
Major gainers in the 30-share index were Oil & Natural Gas Corporation (2.09%), Wipro (1.58%), Tata Consultancy Services (1.49%), Hindustan Unilever (1.15%), I T C (1.03%), and Dr Reddy'S Laboratories (0.82%).
On the other hand, Tata Motors (6.94%), G A I L (India) (4.35%), Mahindra & Mahindra (2.66%), Sterlite Industries (India) (2.62%), Hindalco Industries (2.08%), and Larsen & Toubro (1.87%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.75% and -1.56% respectively.The major losers in the BSE Midcap were Aban Offshore (1.73%), A I A Engineering (0.82%), A B G Shipyard (0.77%), CORE Education and Technologies (0.54%) and Alstom India (0.49%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (8.56%), Aanjaneya Lifecare (1.57%), Styrolution ABS (India) (1.29%), Trident (0.67%) and Aarti Industries (0.35%).
Sectors in Limelight
The Realty index was at 2,113.05, down by 69.62 points or by 3.19%. The major losers were Housing Development and Infrastructure (16.88%), Anant Raj (4.63%), Indiabulls Real Estate (3.17%), D L F (1.97%) and Godrej Properties (1.65%).
The Auto index was at 10,770.06, down by 343.43 points or by 3.09%. The major losers were Ashok Leyland (1.8%), Bharat Forge (1.75%), Exide Industries (1.24%), Hero Motocorp (1.08%) and Bajaj Auto (0.79%).
The Capital Goods index was at 10,412.43, down by 167.29 points or by 1.58%. The major losers were BEML (1.3%), A B B (1.24%), Bharat Electronics (0.87%), A I A Engineering (0.82%) and Alstom India (0.49%).
On the other hand, the IT index was at 6,385.15, up by 52.63 points or by 0.83%. The major gainers were Tech Mahindra (1.91%), Wipro (1.58%), Tata Consultancy Services (1.49%), Infosys (0.69%) and H C L Technologies (0.07%).
Market breadth was negative with 539 advances against 1,702 declines.
Value and Volume Toppers
Housing Development and Infrastructure topped the value chart on the BSE with a turnover of Rs. 1,264.02 million. It was followed by Tata Motors (Rs. 520.47 million), Larsen & Toubro (Rs. 200.26 million) and Oil & Natural Gas Corporation (Rs. 199.68 million).
The volume chart was led by Housing Development and Infrastructure with trades of over 15.80 million shares. It was followed by Unitech (3.14 million), Tata Motors (1.79 million) and Reliance Communications (1.74 million).
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