Sensex turns negative; BHEL, ONGC, Cipla drop

04th February 2013 03:18 PM

Indian markets turned negative towards closing on Monday as profit booking emerged at higher levels. At 2.28 pm, the Sensex was trading down 6.55 points or 0.03% at 19,774.64 with 21 components falling. Meanwhile, the Nifty was trading lower by 4.75 points or 0.08% at 5,994.15 with 36 components falling.

The 30-share benchmark index, BSE Sensex opened with a gain of 79.78 points or 0.40% at 19,860.97, while the broad based NSE Nifty started with a rise of 26.30 points or 0.44%, at 6,025.20.

Sensex Movers

Oil & Natural Gas Corporation contributed fall of 18.54 points in the Sensex. It was followed by State Bank Of India (12.41 points), I T C (9.59 points), Infosys (9.15 points) and Reliance Industries (8.1 points).

However, Housing Development Finance Corporation contributed rise of 35.63 points in the Sensex. It was followed by I C I C I Bank (20.06 points), Tata Motors (17.61 points), H D F C Bank (15.57 points) and Larsen & Toubro (3.59 points).

Biggest gainers in the 30-share index were Tata Motors (2.67%), Housing Development Finance Corporation (2.49%), I C I C I Bank (1.28%), H D F C Bank (1.07%), Jindal Steel & Power (0.97%), and Larsen & Toubro (0.35%).

On the other hand, Bharat Heavy Electricals (2.55%), Oil & Natural Gas Corporation (2.20%), Cipla (1.97%), Sterlite Industries (India) (1.79%), Dr Reddy"S Laboratories (1.73%), and Tata Power Company (1.70%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts declining -0.46% and -0.32% respectively.The major losers in the BSE Midcap were A I A Engineering (3.15%), A B G Shipyard (1.8%), Allahabad Bank (1.66%), Aban Offshore (1.31%) and CORE Education and Technologies (0.43%).The major losers in the BSE Smallcap were Genesys International Corporation (2.56%), Aegis Logistics (1.93%), A2Z Maintenance & Engineering Services (1.39%), Reliance MediaWorks (0.27%) and Advanta India (0.2%).

Sectors in Limelight

The PSU index was at 7,531.72, down by 86.74 points or by 1.14%. The major losers were Bank Of Baroda(7.4%), Bank Of India (4.03%), Andhra Bank (3.7%), Allahabad Bank (1.66%) and Bank Of Maharashtra (0.17%).

The HC index was at 7,993.65, down by 85.65 points or by 1.06%. The major losers were Biocon (2.77%), Cipla (1.97%), Dr Reddy"S Laboratories (1.73%), Divis Laboratories (1.26%) and Cadila Healthcare (0.86%).

The Power index was at 1,935.57, down by 16.86 points or by 0.86%. The major losers were Adani Power (4.98%), Bharat Heavy Electricals (2.55%), G M R Infrastructure (2.23%), JSW Energy (2.08%) and C E S C (0.02%).

On the other hand, the Auto index was at 10,947.75, up by 61.91 points or by 0.57%. The major gainers were Cummins India (0.73%), Ashok Leyland (0.41%), Hero Motocorp (0.29%), Exide Industries (0.16%) and Bajaj Auto (0.08%).

Market Breadth

Market breadth was negative with 1,207 advances against 1,572 declines.

Value and Volume Toppers

Bank Of Baroda topped the value chart on the BSE with a turnover of Rs. 600.84 million. It was followed by State Bank Of India (Rs. 537.04 million), Sun TV Network (Rs. 383.11 million) and Jet Airways (India) (Rs. 376.30 million).

The volume chart was led by Suzlon Energy with trades of over 12.03 million shares. It was followed by I F C I (4.66 million), Aqua Logistics (3.16 million) and Housing Development and Infrastructure (2.94 million).

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