Sensex down 167 points; ICICI Bank, ITC, L&T drag

21st February 2013 12:18 PM

Indian marketscontinues to trade loweron Thursday. Sustainedselling is being witnessed in metal, capital goods and FMCG stocks. Bank shares fell today a day after RBI data showed that loan growth continues to remain a concern. ICICI Bank shares fell 2% while State Bank of India slipped 0.68%.

At 11.08 am, the Sensex was trading down 167.24 points or 0.85% at 19,475.51 with 23 components falling. Meanwhile, the Nifty was trading lower by 47.30 points or 0.80% at 5,895.75 with 42 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.

Sensex Movers

ICICI Bank contributed fall of 30.82 points in the Sensex. It was followed by ITC (25.72 points), Larsen & Toubro (15.72 points), Tata Motors (14.27 points) and Reliance Industries (12.64 points).

However, Bharti Airtel contributed rise of 3.82 points in the Sensex. It was followed by Sun Pharmaceutical Industries (2 points), Tata Power Company (0.68 points), Wipro (0.45 points) and Grasim Industries (0.08 points).

Major gainers in the 30-share index were Bharti Airtel (0.77%), Sun Pharmaceutical Industries (0.52%), Tata Power Company (0.36%), Bajaj Auto (0.32%), Cipla (0.24%), and Wipro (0.16%).

On the other hand, Sterlite Industries (India) (2.79%), Hindalco Industries (2.37%), Jindal Steel & Power (2.36%), Tata Motors (2.11%), I C I C I Bank (2.02%), and Tata Steel (1.83%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 6663.75 down by 54.06 points or by 0.8%. The major losers were Allahabad Bank(1.6%), CORE Education and Technologies (1.55%), Alstom India (1.4%), Aban Offshore (1.27%) and A I A Engineering (0.23%).

The BSE Smallcap index was at 6616.82 down by 56.90 points or by 0.85%. The major losers were Action Construction Equipment (5.33%), A2Z Maintenance & Engineering Services (1.68%), Styrolution ABS (India) (1.28%), Adhunik Metaliks (1.17%) and Aarti Industries (0.74%).

Sectors in Limelight

The Metal index was at 9,741.70, down by 191 points or by 1.92%. The major losers were Hindalco Industries (2.37%), Jindal Steel & Power (2.36%), Hindustan Zinc (1.59%), Coal India (1.21%) and Bhushan Steel (0.44%).

The Capital Goods index was at 9,731.53, down by 134.38 points or by 1.36%. The major losers were Alstom India (1.4%), Bharat Heavy Electricals (1.38%), Bharat Electronics (0.46%), BEML (0.23%) and A I A Engineering (0.23%).

The FMCG index was at 5,769.36, down by 68.73 points or by 1.18%. The major losers were Hindustan Unilever (1.56%), I T C (1.32%), Colgate-Palmolive (India) (1.13%), Dabur India (0.23%) and Godrej Consumer Products (0.05%).

On the other hand, the Consumer Durables index was at 7,155.84, up by 10.87 points or by 0.15%. The major gainers were Videocon Industries (8.45%), Rajesh Exports (0.33%), Blue Star (0.2%), T T K Prestige (0.08%) and Symphony (0.04%).

Market Breadth

Market breadth was negative with 739 advances against 1,486 declines.

Value and Volume Toppers

Shriram Transport Finance Company topped the value chart on the BSE with a turnover of Rs. 938.57 million. It was followed by Oil & Natural Gas Corporation (Rs. 190.70 million), State Bank Of India (Rs. 183.99 million) and United Spirits (Rs. 172.33 million).

The volume chart was led by Unitech with trades of over 2.71 million shares. It was followed by Spicejet (2.22 million), Suzlon Energy (1.90 million) and Shriram Transport Finance Company (1.34 million).

Keywords :- Sensex, Nifty, BSE Smallcap, BSE Midcap, I C I C I Bank , Bharti Airtel , I T C , Sun Pharmaceutical Industries , Larsen & Toubro , Tata Power Company , Tata Motors , Wipro , Reliance Industries , Grasim Industries , Bajaj Auto , Cipla , Sterlite Industries (India) , Hindalco Industries , Jindal Steel & Power , Tata Steel , Allahabad Bank, CORE Education and Technologies , Alstom India , Aban Offshore , A I A Engineering , Action Construction Equipment , A2Z Maintenance & Engineering Services , Styrolution ABS (India) , Adhunik Metaliks , Aarti Industries , Metal, Hindustan Zinc , Coal India , Bhushan Steel , Capital Goods, Bharat Heavy Electricals , Bharat Electronics , BEML , FMCG, Hindustan Unilever , Colgate-Palmolive (India) , Dabur India , Godrej Consumer Products , Consumer Durables, Videocon Industries , Rajesh Exports , Blue Star , T T K Prestige , Symphony , Shriram Transport Finance Company , Oil & Natural Gas Corporation , State Bank Of India, United Spirits , Reliance Industries , Unitech , Spicejet , Suzlon Energy , Shriram Transport Finance Company , TV18 Broadcast ,

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