Sensex trades sluggish; Bharti, GAIL down over 2%

19th February 2013 02:18 PM

Indian marketsstill trading in a sluggish manner in the post noon trade amid volatility. BSE Midcap and Smallcap index outperformed the benchmark indices. Metal, capital goods and oil & gas stocks traded lower, while healthcare and IT gained.

At 1.10 pm, the Sensex was trading down 27.53 points or 0.14% at 19,473.55 with 15 components falling. Meanwhile, the Nifty was trading lower by 9.30 points or 0.16% at 5,888.90 with 26 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 23.5 points in the Sensex. It was followed by Bharti Airtel (10.95 points), I T C (9.11 points), I C I C I Bank (8.16 points) and Larsen & Toubro (7.66 points).

However, Oil & Natural Gas Corporation contributed rise of 19.52 points in the Sensex. It was followed by Infosys (13.29 points), Hindustan Unilever (7.36 points), Tata Consultancy Services (3.28 points) and ACC (2.74 points).

Major gainers in the 30-share index were Oil & Natural Gas Corporation (2.41%), Cipla (1.54%), Hindustan Unilever (1.26%), Dr Reddy"S Laboratories (0.98%), NTPC (0.86%), and Infosys (0.83%).

On the other hand, Bharti Airtel (2.21%), GAIL (India) (2.06%), Coal India (1.41%), Jindal Steel & Power (1.36%), Reliance Industries (1.33%), and Hero Motocorp (1.20%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.27% and 0.40% respectively. The major gainers in the BSE Midcap were Amtek India (1.64%), Allcargo Logistics (1.25%), Allahabad Bank (1.24%), A B G Shipyard (1.12%) and Aban Offshore (0.31%).The major gainers in the BSE Smallcap were Action Construction Equipment (14.23%), Styrolution ABS (India) (2.3%), Adhunik Metaliks (2.1%), Aegis Logistics (0.69%) and Advanta India (0.04%).

Sectors in Limelight

The HC index was at 7,950.06, up by 49.34 points or by 0.62%. The major gainers were Cipla (1.54%), Cadila Healthcare (1.12%), Biocon (0.84%), Aurobindo Pharma (0.36%) and Apollo Hospitals Enterprise (0.12%).

The IT index was at 6,484.78, up by 39.08 points or by 0.61%. The major gainers were Mphasis (2.07%), Tech Mahindra (1.02%), Mahindra Satyam (1.01%), Infosys (0.83%) and H C L Technologies (0.42%).

On the other hand, the Metal index was at 9,886.19, down by 66.49 points or by 0.67%. The major losers were Coal India (1.41%), Jindal Steel & Power (1.36%), Hindalco Industries (0.86%), Hindustan Zinc (0.33%) and Bhushan Steel (0.09%).

Market Breadth

Market breadth was negative with 1,293 advances against 1,290 declines.

Value and Volume Toppers

Jet Airways (India) topped the value chart on the BSE with a turnover of Rs. 376.16 million. It was followed by State Bank Of India (Rs. 276.06 million), United Breweries (Rs. 234.91 million) and United Spirits (Rs. 224.94 million).

The volume chart was led by Sybly Industries with trades of over 16.44 million shares. It was followed by Suzlon Energy (3.71 million), I F C I (1.87 million) and Housing Development and Infrastructure (1.57 million).

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