Sensex dips 118 pts; Rail budget eyed
26th February 2013 11:18 AM
Indian markets declined further in the latemorning trade ahead of RailBudget. Auto, capital goods and oil & gas stockswitnessed a fall.At 10.56 a.m., the Sensex was trading down 117.85 points or 0.61% at 19,213.84 with 23 components falling. Meanwhile, the Nifty was trading lower by 37.30 points or 0.64% at 5,817.45 with 40 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 41.03 points or 0.21% at 19,290.66, while the broad based NSE Nifty started with a fall of 16.45 points or 0.28%, at 5,838.30.
I C I C I Bank contributed fall of 30.05 points in the Sensex. It was followed by Housing Development Finance Corporation (29.01 points), Reliance Industries (23.35 points), Larsen & Toubro (15.86 points) and Tata Motors (15.09 points).
However, I T C contributed rise of 18.41 points in the Sensex. It was followed by Bharti Airtel (18.22 points), Infosys (14.88 points), Tata Consultancy Services (9.3 points) and Hindustan Unilever (8.61 points).
Major gainers in the 30-share index were Bharti Airtel (3.78%), Hindustan Unilever (1.49%), I T C (0.98%), Tata Consultancy Services (0.93%), Infosys (0.92%), and Bharat Heavy Electricals (0.10%).
On the other hand, Tata Motors (2.32%), I C I C I Bank (2.04%), Housing Development Finance Corporation (2.01%), Bajaj Auto (2.00%), Maruti Suzuki India (1.90%), and Hindalco Industries (1.87%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.06% and -0.89% respectively.The major losers in the BSE Midcap were A I A Engineering (2.72%), Aban Offshore (2.2%), Allcargo Logistics (1.95%), Alstom India (1.5%) and Allahabad Bank (0.79%).The major losers in the BSE Smallcap were Aanjaneya Lifecare (20%), Action Construction Equipment (4.74%), Aarti Industries (2.45%), A2Z Maintenance & Engineering Services (1.96%) and Styrolution ABS (India) (0.33%).
Sectors in Limelight
The Auto index was at 10,605.28, down by 179.59 points or by 1.67%. The major losers were Ashok Leyland (2.15%), Bajaj Auto (2%), Bharat Forge (1.83%), Hero Motocorp (1.49%) and Mahindra & Mahindra (1.09%).
The Capital Goods index was at 9,379.49, down by 135.37 points or by 1.42%. The major losers were A I A Engineering (2.72%), A B B (2.08%), Alstom India (1.5%), Bharat Electronics (1.06%) and Crompton Greaves (0.86%).
On the other hand, the TECk index was at 3,908.05, up by 36.15 points or by 0.93%. The major gainers were Bharti Airtel (3.78%), Idea Cellular (3.34%), G T L (1.18%), Infosys (0.92%) and Mphasis (0.49%).
Market breadth was negative with 671 advances against 1,452 declines.
Value and Volume Toppers
Zee Entertainment Enterprises topped the value chart on the BSE with a turnover of Rs. 490.01 million. It was followed by State Bank Of India (Rs. 198.36 million), CORE Education and Technologies (Rs. 171.81 million) and United Spirits (Rs. 147.88 million).
The volume chart was led by Zee Entertainment Enterprises with trades of over 2.24 million shares. It was followed by Suzlon Energy (1.95 million), TV18 Broadcast (1.83 million) and CORE Education and Technologies (1.46 million).
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