Sensex off from day's low; Metal, Realty down over 2%

04th March 2013 03:18 PM

Indian marketsare trading off from day's low towards closing. Metal, realty and capital goods stockswere badly hit. At 2.25 pm, the Sensex was trading down 61.85 points or 0.33% at 18,856.67 with 20 components falling. Meanwhile, the Nifty was trading lower by 25.95 points or 0.45% at 5,693.75 with 37 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.

Sensex Movers

Larsen & Toubro contributed fall of 23.6 points in the Sensex. It was followed by Hindustan Unilever (14.18 points), I T C (13.69 points), Tata Steel (12.21 points) and Infosys (7.9 points).

However, H D F C Bank contributed rise of 11.79 points in the Sensex. It was followed by Reliance Industries (7.51 points), Bharti Airtel (5.48 points), Tata Consultancy Services (4.71 points) and Tata Motors (4.53 points).

Biggest gainers in the 30-share index were Dr Reddy"S Laboratories (1.58%), Bharti Airtel (1.16%), H D F C Bank (0.82%), Tata Motors (0.71%), State Bank Of India (0.51%), and Tata Consultancy Services (0.48%).

On the other hand, Jindal Steel & Power (4.35%), Tata Steel (4.29%), Hindalco Industries (3.74%), Sterlite Industries (India) (3.27%), Larsen & Toubro (2.59%), and Hindustan Unilever (2.51%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts declining 1.28% and 1.77% respectively.The major losers in the BSE Midcap were Aban Offshore (2.8%), Alstom India (2.56%), A B G Shipyard (2.13%), Allahabad Bank (0.4%) and A I A Engineering (0.19%).The major losers in the BSE Smallcap were Aanjaneya Lifecare (5%), A2Z Maintenance & Engineering Services (3.7%), Action Construction Equipment (2.66%), Trident (1.97%) and Aarti Industries (0.83%).

Sectors in Limelight

The Metal index was at 8,906.61, down by 218.19 points or by 2.39%. The major losers were Jindal Steel & Power (4.35%), Hindalco Industries (3.74%), JSW Steel (3.26%), Hindustan Zinc (2.75%) and NMDC (1.34%).

The Realty index was at 1,889.04, down by 42.36 points or by 2.19%. The major losers were Indiabulls Real Estate (5.01%), Anant Raj (4.38%), Oberoi Realty (3.55%), D L F (3.53%) and Housing Development and Infrastructure (0.68%).

The Capital Goods index was at 9,146.88, down by 186.45 points or by 2%. The major losers were BEML (4%), Alstom India (2.56%), Bharat Heavy Electricals (0.47%), A B B (0.34%) and A I A Engineering (0.19%).

On the other hand, the Bankex index was at 13,279.26, up by 37.39 points or by 0.28%. The major gainers were H D F C Bank (0.82%), State Bank Of India (0.51%), I C I C I Bank (0.18%), Bank Of Baroda (0.18%) and Kotak Mahindra Bank (0.11%).

Market Breadth

Market breadth was negative with 746 advances against 1,966 declines.

Value and Volume Toppers

NHPC topped the value chart on the BSE with a turnover of Rs. 1,805.21 million. It was followed by State Bank Of India (Rs. 441.65 million), United Spirits (Rs. 429.88 million) and Jet Airways (India) (Rs. 317.42 million).

The volume chart was led by NHPC with trades of over 89.81 million shares. It was followed by Suzlon Energy (4.86 million), I F C I (3.77 million) and CORE Education and Technologies (3.39 million).

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