Sensex slips 174 points; Metal, CG, Realty drag
21st February 2013 11:18 AM
Indian equities are trading down sharply in early on Thursday. At 10.15 pm, the Sensex was trading down 174.19 points or 0.89% at 19,468.56 with 26 components falling. Meanwhile, the Nifty was trading lower by 49.70 points or 0.84% at 5,893.35 with 46 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 93.70 points or 0.48% at 19,549.05, while the broad based NSE Nifty started with a fall of 33.40 points or 0.56%, at 5,909.65.
I C I C I Bank contributed fall of 28.84 points in the Sensex. It was followed by I T C (26.04 points), Larsen & Toubro (16.49 points), Reliance Industries (15.87 points) and Housing Development Finance Corporation (13.88 points).
Sterlite Industries (India) (2.74%), Hindalco Industries (2.33%), Jindal Steel & Power (2.02%), I C I C I Bank (1.89%), Tata Steel (1.86%), and Larsen & Toubro (1.75%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6652.44 down by 65.37 points or by 0.97%. The major losers were Allahabad Bank(1.63%), Alstom India (1.37%), CORE Education and Technologies (1.23%), Aban Offshore (1.06%) and A B G Shipyard (0.78%).
The BSE Smallcap index was at 6619.72 down by 54 points or by 0.81%. The major losers were Action Construction Equipment (4.7%), Adhunik Metaliks (3%), Styrolution ABS (India) (2.74%), A2Z Maintenance & Engineering Services (1.68%) and Aarti Industries (0.34%).
Sectors in Limelight
The Metal index was at 9,733.22, down by 199.48 points or by 2.01%. The major losers were Hindalco Industries (2.33%), Jindal Steel & Power (2.02%), Coal India (1.37%), Hindustan Zinc (1.26%) and Bhushan Steel (0.31%).
The Capital Goods index was at 9,720.05, down by 145.86 points or by 1.48%. The major losers were Crompton Greaves (1.66%), Bharat Heavy Electricals (1.54%), Alstom India (1.37%), BEML (0.78%) and Bharat Electronics (0.46%).
The Realty index was at 2,107.59, down by 27.05 points or by 1.27%. The major losers were Anant Raj (2.55%), Housing Development and Infrastructure (2%), Indiabulls Real Estate (2%), Oberoi Realty (1.96%) and D L F (1.32%).
On the other hand, the Consumer Durables index was at 7,171.36, up by 26.39 points or by 0.37%. The major gainers were Videocon Industries (7.91%), Symphony (0.62%), T T K Prestige (0.32%), Blue Star (0.2%) and Rajesh Exports (0.13%).
Market breadth was negative with 593 advances against 1,262 declines.
Value and Volume Toppers
Shriram Transport Finance Company topped the value chart on the BSE with a turnover of Rs. 833.49 million. It was followed by Oil & Natural Gas Corporation (Rs. 185.69 million), United Spirits (Rs. 145.07 million) and State Bank Of India (Rs. 142.71 million).
The volume chart was led by Kingfisher Airlines with trades of over 5.67 million shares. It was followed by Spicejet (1.72 million), Unitech (1.51 million) and Suzlon Energy (1.26 million).
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