Sensex down nearly 100 points; Mid and small-caps underperform
05th February 2013 02:18 PM
Indian equities continued to trade lower in post noon trade on Tuesday amid weak global cues. Consumer durables, banking and capital goods stocks witnessed selloff.
At 13.31 pm, the Sensex was trading down 97.39 points or 0.49% at 19,653.80 with 21 components falling. Meanwhile, the Nifty was trading lower by 36.15 points or 0.60% at 5,951.10 with 35 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 85.65 points or 0.43% at 19,665.54, while the broad based NSE Nifty started with a fall of 39.05 points or 0.65%, at 5,948.20.
Reliance Industries contributed fall of 24.33 points in the Sensex. It was followed by I C I C I Bank (23.73 points), I T C (19.48 points), Tata Motors (12.21 points) and Bharti Airtel (7.9 points).
However, Sun Pharmaceutical Industries contributed rise of 14.41 points in the Sensex. It was followed by Tata Consultancy Services (4.34 points), ACC (1.43 points), Mahindra & Mahindra (1.41 points) and D L F (1.35 points).
Major gainers in the 30-share index were Sun Pharmaceutical Industries (4.14%), G A I L (India) (1.67%), Cipla (0.81%), Tata Consultancy Services (0.47%), Hindalco Industries (0.31%), and Maruti Suzuki India (0.29%).
On the other hand, Bharat Heavy Electricals (2.87%), Tata Motors (1.94%), Sterlite Industries (India) (1.78%), Bharti Airtel (1.54%), Hero Motocorp (1.50%), and I C I C I Bank (1.50%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.83% and -1.13% respectively.The major losers in the BSE Midcap were Aban Offshore (1.48%), A B G Shipyard (1.09%), CORE Education and Technologies (0.61%), Alstom India (0.44%) and A I A Engineering (0.02%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (3.21%), Action Construction Equipment (2.74%), Aanjaneya Lifecare (1.89%), Styrolution ABS (India) (1.52%) and Aarti Industries (0.94%).
Sectors in Limelight
The Consumer Durables index was at 7,570.90, down by 106.45 points or by 1.39%. The major losers were Bajaj Electricals (2.32%), Symphony (1%), Rajesh Exports (0.53%), Gitanjali Gems (0.32%) and Whirlpool Of India (0.08%).
The Bankex index was at 14,258.85, down by 130.49 points or by 0.91%. The major losers were Bank Of Baroda(2.5%), Bank of India (1.4%), Canara Bank (1.29%), Federal Bank (0.56%) and H D F C Bank (0.23%).
On the other hand, the HC index was at 8,029.38, up by 63.41 points or by 0.80%. The major gainers were Biocon (1.95%), Glaxo SmithKline Pharmaceuticals (1.81%), Aurobindo Pharma (1.78%), Cipla (0.81%) and Apollo Hospitals Enterprise (0.08%).
Market breadth was negative with 786 advances against 1,869 declines.
Value and Volume Toppers
Havell"s India topped the value chart on the BSE with a turnover of Rs. 4,783.83 million. It was followed by United Spirits (Rs. 904.86 million), State Bank Of India (Rs. 491.54 million) and Jubilant FoodWorks (Rs. 304.43 million).
The volume chart was led by Visesh Infotecnics with trades of over 24.72 million shares. It was followed by Havell"S India (7.28 million), Suzlon Energy (6.70 million) and Commercial Engineers and Body Builders Company (6.28 million).
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