Sensex ends down 96 points below 19,500; Metal, Realty drag

08th February 2013 04:18 PM

Indian equities continued to drop for the seventh day on Friday. At the close, the benchmark 30-share index, BSE Sensex declined 95.55 or 0.49% at 19,484.77 with 21 components registering drop. Meanwhile, the broad based NSE Nifty fell by 35.30 or 0.59% at 5,903.50 with 41 components registering drop.

Sensex Movers

I C I C I Bank contributed fall of 20.52 points in the Sensex. It was followed by Oil & Natural Gas Corporation (16.62 points), I T C (15.6 points), Reliance Industries (14.5 points) and State Bank Of India (13.12 points).

However, Tata Consultancy Services contributed rise of 23.6 points in the Sensex. It was followed by H D F C Bank (17.4 points), Larsen & Toubro (8.75 points), Wipro (4.55 points) and Bharat Heavy Electricals (2.72 points).

Biggest gainers in the 30-share index were Tata Consultancy Services (2.58%), Wipro (1.57%), H D F C Bank (1.24%), Bharat Heavy Electricals (1.21%), Larsen & Toubro (0.89%), and Bharti Airtel (0.42%).

On the other hand, Cipla (3.34%), Sterlite Industries (India) (3.20%), Hindalco Industries (3.18%), Maruti Suzuki India (2.27%), Oil & Natural Gas Corporation (2.02%), and Dr Reddy"S Laboratories (1.99%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts declining -0.72% and -0.95% respectively.The major losers in the BSE Midcap were Aban Offshore (2.84%), Alstom India (1.45%), A B G Shipyard (0.93%), Allahabad Bank (0.81%) and A I A Engineering (0.63%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (9.01%), Adhunik Metaliks (6.02%), Styrolution ABS (India) (2.7%), Trident (2.06%) and Action Construction Equipment (2.02%).

Sectors in Limelight

The Metal index was at 10,066.53, down by 174.17 points or by 1.7%. The major losers were Hindalco Industries (3.18%), Hindustan Zinc (1.87%), Coal India (1.41%), Jindal Steel & Power (1.34%) and Bhushan Steel (0.16%).

The Realty index was at 2,152.75, down by 25.95 points or by 1.19%. The major losers were Indiabulls Real Estate (2.72%), Housing Development and Infrastructure (1.59%), Anant Raj (1.4%), D L F (0.59%) and Godrej Properties (0.44%).

On the other hand, the IT index was at 6,477.18, up by 55.33 points or by 0.86%. The major gainers were Tata Consultancy Services (2.58%), Tech Mahindra (1.22%), Hexaware Technologies (1.05%), H C L Technologies (0.31%) and Infosys (0.01%).

Market Breadth

Market breadth was negative with 1,081 advances against 1,836 declines.

Value and Volume Toppers

Indiabulls Financial Services topped the value chart on the BSE with a turnover of Rs. 5,312.86 million. It was followed by State Bank Of India (Rs. 856.97 million), Strides Arcolab (Rs. 800.06 million) and Tata Consultancy Services (Rs. 730.14 million).

The volume chart was led by Indiabulls Financial Services with trades of over 18.69 million shares. It was followed by Suzlon Energy (9.02 million), Kingfisher Airlines (5.13 million) and NTPC (4.42 million).

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