Sensex trades sluggish; Metal down, Realty up
31st January 2013 01:18 PM
Indian markets continue to trade lower ahead of F&O expiry.Metals, oil & gas and IT continued to trade lower, while realty stocks gained.
At 12.07 pm, the Sensex was trading down 43.01 points or 0.21% at 19,961.99 with 18 components falling. Meanwhile, the Nifty was trading lower by 4.70 points or 0.08% at 6,051.05 with 28 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 26.47 points in the Sensex. It was followed by H D F C Bank (9.64 points), Larsen & Toubro (9.31 points), Hindustan Unilever (7.36 points) and Tata Power Company (5.27 points).
However, I T C contributed rise of 13.35 points in the Sensex. It was followed by Oil & Natural Gas Corporation (7.18 points), Bharat Heavy Electricals (4.02 points), State Bank Of India (2.82 points) and D L F (1.8 points).
Major gainers in the 30-share index were Bharat Heavy Electricals (1.75%), Bajaj Auto (1.37%), Oil & Natural Gas Corporation (0.84%), I T C (0.69%), Maruti Suzuki India (0.62%), and Coal India (0.44%).
On the other hand, Tata Power Company (2.56%), Sterlite Industries (India) (1.57%), Reliance Industries (1.40%), Hindustan Unilever (1.22%), Wipro (1.18%), and Larsen & Toubro (0.90%) 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 0.01% respectively. The major gainers in the BSE Midcap were Allcargo Logistics (1.82%), Alstom India (1.13%), Aban Offshore (0.79%), Allahabad Bank (0.78%) and CORE Education and Technologies (0.03%).The major gainers in the BSE Smallcap were Aarti Industries (1.41%), Aanjaneya Lifecare (1.3%), Trident (0.66%), Adhunik Metaliks (0.13%) and Styrolution ABS (India) (0.13%).
Sectors in Limelight
The Realty index was at 2,229.12, up by 21 points or by 0.95%. The major gainers were Phoenix Mills (2.08%), D L F (1.56%), Indiabulls Real Estate (1.46%), Housing Development and Infrastructure (0.72%) and Oberoi Realty (0.1%).
The PSU index was at 7,626.92, up by 42.39 points or by 0.56%. The major gainers were Bank Of India(3.98%), Bank Of Baroda (2.11%), Allahabad Bank (0.78%), Bank Of Maharashtra (0.6%) and Balmer Lawrie & Company (0.08%).
The Metal index was at 10,557.95, down by 49.38 points or by 0.47%. The major losers were Sesa Goa (1.77%), NMDC (1.18%), Steel Authority Of India (0.79%), Jindal Steel & Power (0.46%) and Hindalco Industries (0.13%).
The Oil & Gas index was at 9,374.84, down by 23.42 points or by 0.25%. The major losers were Reliance Industries (1.4%) and Cairn India (0.02%).
Market breadth was negative with 1,200 advances against 1,234 declines.
Value and Volume Toppers
Jet Airways (India) topped the value chart on the BSE with a turnover of Rs. 534.67 million. It was followed by State Bank Of India (Rs. 423.26 million), Suzlon Energy (Rs. 338.16 million) and Punjab National Bank (Rs. 333.60 million).
The volume chart was led by Suzlon Energy with trades of over 14.96 million shares. It was followed by I F C I (4.24 million), Manappuram Finance (3.86 million) and Housing Development and Infrastructure (2.73 million).
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