Sensex down in early trade; ICICI Bank Q3 eyed
31st January 2013 10:18 AM
Indian equities dropped on Thursday erasing earlier gains. ICICI Bank will announce quarterly results today. At 9.50 a.m, the Sensex was trading down 46.96 points or 0.23% at 19,958.04 with 20 components falling. Meanwhile, the Nifty was trading lower by 7.90 points or 0.13% at 6,047.85 with 26 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a decline of 17.72 points or 0.09% at 19,987.28, while the broad based NSE Nifty started with a fall of 10.10 points or 0.17%, at 6,045.65.
Reliance Industries contributed fall of 18.14 points in the Sensex. It was followed by I C I C I Bank (9.18 points), Tata Motors (8.03 points), Infosys (7.18 points) and Larsen & Toubro (5.88 points).
However, I T C contributed rise of 13.35 points in the Sensex. It was followed by Oil & Natural Gas Corporation (9.07 points), Bharat Heavy Electricals (1.91 points), D L F (0.68 points) and Reliance Communications (0.67 points).
Biggest gainers in the 30-share index were Oil & Natural Gas Corporation (1.06%), Bharat Heavy Electricals (0.83%), Bajaj Auto (0.73%), I T C (0.69%), G A I L (India) (0.25%), and Hindalco Industries (0.17%).
On the other hand, Tata Motors (1.20%), Wipro (0.96%), Reliance Industries (0.96%), Coal India (0.71%), Bharti Airtel (0.64%), and I C I C I Bank (0.58%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Smallcap index was at 7080.9 down by 0.83 points or by 0.01%.The major losers were Action Construction Equipment (1.6%), Aegis Logistics (1.25%), Adhunik Metaliks (0.8%), Aarti Industries (0.65%) and A2Z Maintenance & Engineering Services (0.49%).
Sectors in Limelight
The IPO index was at 1,867.59, down by 11.05 points or by 0.59%. The major losers were C.Mahendra Exports (5.33%), L&T Finance Holdings (1.24%), Credit Analysis and Research (0.88%), Bharti Infratel (0.48%) and Flexituff International (0.02%).
The Auto index was at 10,957.29, down by 48.66 points or by 0.44%. The major losers were Bharat Forge (0.77%), Ashok Leyland (0.6%), Mahindra & Mahindra (0.46%), Hero Motocorp (0.41%) and Maruti Suzuki India (0.31%).
The IT index was at 6,391.61, down by 18.77 points or by 0.29%. The major losers were Wipro (0.96%) and Infosys (0.45%).
On the other hand, the Realty index was at 2,218.03, up by 9.91 points or by 0.45%. The major gainers were Housing Development and Infrastructure (2.04%), Indiabulls Real Estate (1.06%), D L F (0.59%), Phoenix Mills (0.53%) and Godrej Properties (0.43%).
Market breadth was positive with 847 advances against 731 declines.
Value and Volume Toppers
Suzlon Energy topped the value chart on the BSE with a turnover of Rs. 209.85 million. It was followed by Housing Development and Infrastructure (Rs. 118.95 million), State Bank Of India (Rs. 112.10 million) and I C I C I Bank (Rs. 82.72 million).
The volume chart was led by Suzlon Energy with trades of over 9.10 million shares. It was followed by Manappuram Finance (1.56 million), Housing Development and Infrastructure (1.53 million) and I F C I (1.35 million).
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