Sensex down over 100 points; Metal plunges 2%
04th March 2013 12:18 PM
Indian equitiesslipped further in the late morning trade tracking weak Asian peers. Metal, capital goods and consumer durables stocks witnessed selling pressure.
At 11.11 am, the Sensex was trading down 102.19 points or 0.54% at 18,816.33 with 23 components falling. Meanwhile, the Nifty was trading lower by 29.45 points or 0.51% at 5,690.25 with 41 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 2.38 points or 0.01% at 18,920.90, while the broad based NSE Nifty started with a fall of 15.00 points or 0.26%, at 5,704.70.
I T C contributed fall of 33.98 points in the Sensex. It was followed by Larsen & Toubro (17.69 points), Tata Steel (10.19 points), Hindustan Unilever (9.91 points) and Housing Development Finance Corporation (8.25 points).
However, I C I C I Bank contributed rise of 11 points in the Sensex. It was followed by Tata Consultancy Services (3.65 points), Reliance Industries (2.83 points), Wipro (0.8 points) and Tata Power Company (0.28 points).
Major gainers in the 30-share index were Dr Reddy"S Laboratories (1.09%), I C I C I Bank (0.76%), Tata Consultancy Services (0.37%), Wipro (0.27%), Reliance Industries (0.16%), and Tata Power Company (0.15%).
On the other hand, Tata Steel (3.59%), Jindal Steel & Power (3.36%), Sterlite Industries (India) (2.79%), Hindalco Industries (2.53%), Bajaj Auto (2.15%), and Larsen & Toubro (1.94%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.01% and -1.37% respectively.The major losers in the BSE Midcap were Amtek Auto (2.63%), Aban Offshore (2.2%), Alstom India (2.18%), A B G Shipyard (1.48%) and Allahabad Bank (0.33%).The major losers in the BSE Smallcap were Aanjaneya Lifecare (5%), Adhunik Metaliks (3.78%), A2Z Maintenance & Engineering Services (3.35%), Action Construction Equipment (1.41%) and Trident (1.36%).
Sectors in Limelight
The Metal index was at 8,941.52, down by 183.28 points or by 2.01%. The major losers were Jindal Steel & Power (3.36%), Hindalco Industries (2.53%), Coal India (1.81%), Hindustan Zinc (1.57%) and JSW Steel (1.55%).
The Capital Goods index was at 9,181.03, down by 152.3 points or by 1.63%. The major losers were BEML (3.18%), Alstom India (2.18%), A B B (0.41%), Bharat Electronics (0.36%) and Bharat Heavy Electricals (0.17%).
The Consumer Durables index was at 7,287.15, down by 114.31 points or by 1.54%. The major losers were Rajesh Exports (2.35%), Whirlpool Of India (2.25%), Bajaj Electricals (1.76%), Blue Star (0.74%) and Symphony (0.35%).
On the other hand, the Bankex index was at 13,257.90, up by 16.03 points or by 0.12%. The major gainers were Bank Of India(1.34%), I C I C I Bank (0.76%), Bank Of Baroda (0.18%), Kotak Mahindra Bank (0.05%) and State Bank Of India (0.03%).
Market breadth was negative with 665 advances against 1,548 declines.
Value and Volume Toppers
NHPC topped the value chart on the BSE with a turnover of Rs. 1,530.37 million. It was followed by United Spirits (Rs. 279.39 million), Zee Entertainment Enterprises (Rs. 229.62 million) and Jet Airways (India) (Rs. 209.07 million).
The volume chart was led by NHPC with trades of over 75.39 million shares. It was followed by Suzlon Energy (3.03 million), CORE Education and Technologies (2.06 million) and Housing Development and Infrastructure (1.06 million).
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