Sensex edges lower; Bharti, GAIL, CIL fall

19th February 2013 12:18 PM

Indian markets continued to trade flat amid weakness seen in Asian markets today. Oil & gas, capital goods and metal stocks traded lower while healthcare and consumer durables gained.

At 10.57 a.m., the Sensex was trading down 4.83 points or 0.02% at 19,496.25 with 15 components falling. Meanwhile, the Nifty was trading lower by 3.75 points or 0.06% at 5,894.45 with 24 components falling.

The 30-share benchmark index, BSE Sensex opened with a gain of 22.62 points or 0.12% at 19,523.70, while the broad based NSE Nifty began flat with a gain of 2.00 points or 0.03%, at 5,900.20.

Sensex Movers

Reliance Industries contributed fall of 13.8 points in the Sensex. It was followed by Bharti Airtel (8.6 points), I T C (8.14 points), Larsen & Toubro (5.49 points) and State Bank Of India (3.67 points).

However, Oil & Natural Gas Corporation contributed rise of 14.18 points in the Sensex. It was followed by Infosys (8.51 points), Hindustan Unilever (6.62 points), NTPC (2.9 points) and Tata Consultancy Services (2.69 points).

Major gainers in the 30-share index were Oil & Natural Gas Corporation (1.75%), Cipla (1.71%), Hindustan Unilever (1.13%), NTPC (0.99%), Sterlite Industries (India) (0.89%), and Bharat Heavy Electricals (0.82%).

On the other hand, Bharti Airtel (1.74%), G A I L (India) (1.37%), Coal India (1.21%), Reliance Industries (0.78%), Jindal Steel & Power (0.63%), and Larsen & Toubro (0.58%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.45% and 0.55% respectively. The major gainers in the BSE Midcap were Allcargo Logistics (1.25%), Allahabad Bank (0.77%), Amara Raja Batteries (0.76%), A B G Shipyard (0.71%) and Aban Offshore (0.47%).The major gainers in the BSE Smallcap were Action Construction Equipment (15.3%), Styrolution ABS (India) (3.18%), Adhunik Metaliks (2.38%), Trident (0.23%) and Reliance MediaWorks (0.15%).

Sectors in Limelight

The HC index was at 7,953.03, up by 52.31 points or by 0.66%. The major gainers were Cipla (1.71%), Aurobindo Pharma (1.07%), Biocon (0.78%), Cadila Healthcare (0.72%) and Apollo Hospitals Enterprise (0.1%).

The IT index was at 6,468.72, up by 23.02 points or by 0.36%. The major gainers were Mphasis (1.93%), Hexaware Technologies (1.05%), Infosys (0.53%), H C L Technologies (0.18%) and Oracle Financial Services Software (0.09%).

On the other hand, the Oil & Gas index was at 8,907.34, down by 17.9 points or by 0.2%. The major losers were G A I L (India) (1.37%), Bharat Petroleum Corporation (1.11%), Hindustan Petroleum Corporation (0.91%), Indian Oil Corporation (0.37%) and Oil India (0.12%).

Market Breadth

Market breadth was positive with 1,199 advances against 956 declines.

Value and Volume Toppers

United Breweries topped the value chart on the BSE with a turnover of Rs. 209.65 million. It was followed by State Bank Of India (Rs. 159.48 million), Jet Airways (India) (Rs. 142.71 million) and United Spirits (Rs. 122.80 million).

The volume chart was led by Suzlon Energy with trades of over 2.86 million shares. It was followed by I F C I (1.35 million), Opto Circuits (India) (1.21 million) and Birla Power Solutions (1.14 million).

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