Sensex down 91 points; Metal, IT drop

31st January 2013 03:18 PM

Indian markets fell further in post noon trade today ahead on F&O expiry. Metal, IT and oil & gas stocks saw profit booking while consumer durables witnessed buying interest.

At 2.09 pm, the Sensex was trading down 91.35 points or 0.46% at 19,913.65 with 22 components falling. Meanwhile, the Nifty was trading lower by 13.05 points or 0.22% at 6,042.70 with 33 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.

Sensex Movers

Reliance Industries contributed fall of 21.46 points in the Sensex. It was followed by I C I C I Bank (18.83 points), H D F C Bank (11.74 points), Larsen & Toubro (10.75 points) and Infosys (10.03 points).

However, I T C contributed rise of 15.54 points in the Sensex. It was followed by Oil & Natural Gas Corporation (6.92 points), Bharat Heavy Electricals (6.74 points), Sun Pharmaceutical Industries (3.54 points) and D L F (1.61 points).

Major gainers in the 30-share index were Bharat Heavy Electricals (2.94%), Sun Pharmaceutical Industries (1.01%), Coal India (0.97%), Oil & Natural Gas Corporation (0.81%), I T C (0.81%), and Bajaj Auto (0.63%).

On the other hand, Sterlite Industries (India) (2.70%), Tata Power Company (2.46%), Wipro (1.50%), Jindal Steel & Power (1.25%), I C I C I Bank (1.19%), and Reliance Industries (1.13%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 6931.6 down by 2.18 points or by 0.03%. The major losers were Allahabad Bank(1.86%), A I A Engineering (1.37%), Amara Raja Batteries (1.23%), Allcargo Logistics (0.44%) and CORE Education and Technologies (0.13%).

The BSE Smallcap index was at 7063.24 down by 18.49 points or by 0.26%. The major losers were Adhunik Metaliks (1.33%), Action Construction Equipment (1.06%), A2Z Maintenance & Engineering Services (0.61%), Styrolution ABS (India) (0.59%) and Reliance MediaWorks (0.55%).

Sectors in Limelight

The Metal index was at 10,525.82, down by 81.51 points or by 0.77%. The major losers were Sesa Goa (2.17%), NMDC (1.72%), Steel Authority Of India (1.58%), Jindal Steel & Power (1.25%) and Hindalco Industries (0.13%).

The IT index was at 6,375.48, down by 34.9 points or by 0.54%. The major losers were Hexaware Technologies (1.5%), Tech Mahindra (1.41%), H C L Technologies (1.09%), Infosys (0.63%) and Oracle Financial Services Software (0.13%).

On the other hand, the Consumer Durables index was at 7,615.46, up by 80.06 points or by 1.06%. The major gainers were Bajaj Electricals (4.3%), Titan Industries (2.43%), Blue Star (1.81%), Whirlpool Of India (0.45%) and T T K Prestige (0.16%).

Market Breadth

Market breadth was negative with 1,199 advances against 1,482 declines.

Value and Volume Toppers

State Bank of India topped the value chart on the BSE with a turnover of Rs. 687.69 million. It was followed by Punjab National Bank (Rs. 650.53 million), Jet Airways (India) (Rs. 606.49 million) and Housing Development and Infrastructure (Rs. 323.41 million).

The volume chart was led by I F C I with trades of over 4.83 million shares. It was followed by Housing Development and Infrastructure (4.25 million), Uttam Galva Steels (2.04 million) and Kingfisher Airlines (1.97 million).

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