Sensex up 32 pts; IIP contracts 0.6%
12th February 2013 12:18 PM
Indian equities are trading mostly flat. At 11.00 a.m., the Sensex was trading up 32.20 points or 0.17% at 19,492.77 with 15 components gaining. Meanwhile, the Nifty was trading higher by 4.90 points or 0.08% at 5,902.75 with 25 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 29.30 points or 0.15% at 19,489.87, while the broad based NSE Nifty started with a fall of 3.50 points or 0.06%, at 5,894.35.India's industrial production, as represented by the Index of Industrial Production (IIP), contracted 0.6% in December 2012as against market expectations of 1.1% growth. IIP for the November showed a de-growth of 0.1%.
Oil & Natural Gas Corporation contributed rise of 18.17 points in the Sensex. It was followed by Housing Development Finance Corporation (10.53 points), H D F C Bank (9.28 points), I C I C I Bank (8.61 points) and Tata Motors (4.61 points).
However, Infosys contributed fall of 25.01 points in the Sensex. It was followed by Reliance Communications (4.03 points), Jaiprakash Associates (3.91 points), Tata Consultancy Services (3.31 points) and D L F (3.1 points).
Major gainers in the 30-share index were Oil & Natural Gas Corporation (2.30%), Bajaj Auto (1.22%), Sun Pharmaceutical Industries (1.09%), Dr Reddy'S Laboratories (0.82%), Tata Motors (0.72%), and Housing Development Finance Corporation (0.72%).
On the other hand, Jindal Steel & Power (2.66%), Infosys (1.56%), Sterlite Industries (India) (1.21%), Tata Power Company (1.08%), Hindalco Industries (0.62%), and Tata Consultancy Services (0.34%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.73% and -0.60% respectively.The major losers in the BSE Midcap were CORE Education and Technologies (1.11%), A B G Shipyard (1.06%), Aban Offshore (0.98%), Allahabad Bank (0.98%) and Alstom India (0.1%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (3.99%), Adhunik Metaliks (3.22%), Styrolution ABS (India) (2.43%), Action Construction Equipment (1.23%) and Aanjaneya Lifecare (0.72%).
Sectors in Limelight
The Oil & Gas index was at 9,067.51, up by 67.36 points or by 0.75%. The major gainers were Oil & Natural Gas Corporation (2.3%), Indian Oil Corporation (1.07%), Cairn India (0.84%), Bharat Petroleum Corporation (0.56%) and Hindustan Petroleum Corporation (0.22%).
The PSU index was at 7,334.92, up by 37.81 points or by 0.52%. The major gainers were Container Corporation Of India (0.99%), Bharat Petroleum Corporation (0.56%), Balmer Lawrie & Company (0.31%), Hindustan Petroleum Corporation (0.22%) and Bharat Heavy Electricals (0.12%).
The Auto index was at 10,873.73, up by 51.86 points or by 0.48%. The major gainers were Bajaj Auto (1.22%), Exide Industries (0.81%), Mahindra & Mahindra (0.14%), Cummins India (0.12%) and Hero Motocorp (0.11%).
On the other hand, the Realty index was at 2,060.71, down by 111.68 points or by 5.14%. The major losers were Housing Development and Infrastructure (5.47%), Indiabulls Real Estate (5.32%), Anant Raj (3.65%), D L F (2.74%) and Godrej Properties (1.5%).
Market breadth was negative with 839 advances against 1,348 declines.
Value and Volume Toppers
Unitech topped the value chart on the BSE with a turnover of Rs. 489.29 million. It was followed by D B Realty (Rs. 230.11 million), United Spirits (Rs. 224.49 million) and M M T C (Rs. 224.19 million).
The volume chart was led by Unitech with trades of over 17.44 million shares. It was followed by Suzlon Energy (2.83 million), Housing Development and Infrastructure (2.55 million) and D B Realty (2.33 million).
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