Sensex trades lackluster; Jindal Steel, Hindalco fall
07th March 2013 01:18 PM
Indian equities continue to trade in a lackluster manner amid volatility. Metal, oil & gas auto stocks witnessed a fall. However, IT and technology stocks gained.
At 12 noon, the Sensex was trading down 13.28 points or 0.07% at 19,239.33 with 20 components falling. Meanwhile, the Nifty was trading lower by 8.20 points or 0.14% at 5,810.40 with 36 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 30.56 points or 0.16% at 19,222.05, while the broad based NSE Nifty started with a fall of 17.30 points or 0.30%, at 5,801.30.
Reliance Industries contributed fall of 14.04 points in the Sensex. It was followed by Tata Motors (11.85 points), Housing Development Finance Corporation (10.54 points), I T C (8.35 points) and Hindustan Unilever (6.17 points).
However, Infosys contributed rise of 21.73 points in the Sensex. It was followed by Tata Consultancy Services (17.94 points), Sun Pharmaceutical Industries (7.53 points), Larsen & Toubro (6.66 points) and Hero Motocorp (5.72 points).
Biggest gainers in the 30-share index were Hero Motocorp (2.92%), Sun Pharmaceutical Industries (1.90%), Wipro (1.79%), Tata Consultancy Services (1.70%), Bharat Heavy Electricals (1.55%), and Infosys (1.28%).
On the other hand, Jindal Steel & Power (2.63%), Hindalco Industries (2.21%), Tata Motors (1.81%), Tata Steel (1.07%), Hindustan Unilever (1.06%), and G A I L (India) (0.96%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6408.32 down by 1.75 points or by 0.03%. The major losers were CORE Education and Technologies (3.2%), Aban Offshore (1.36%), Allahabad Bank (1.36%), A B G Shipyard (1.16%) and A I A Engineering (1.07%).
Sectors in Limelight
The Metal index was at 9,199.68, down by 129.4 points or by 1.39%. The major losers were Jindal Steel & Power (2.63%), Hindalco Industries (2.21%), Coal India (0.77%), Hindustan Zinc (0.75%) and Bhushan Steel (0.44%).
The Oil & Gas index was at 8,771.76, down by 61.33 points or by 0.69%. The major losers were Oil India (1.9%), Cairn India (1.59%), G A I L (India) (0.96%), Castrol India (0.89%) and Oil & Natural Gas Corporation (0.46%).
The Auto index was at 10,705.14, down by 49.86 points or by 0.46%. The major losers were Bajaj Auto (0.94%), Mahindra & Mahindra (0.53%), Ashok Leyland (0.43%), Maruti Suzuki India (0.14%) and Exide Industries (0.04%).
On the other hand, the IT index was at 7,046.36, up by 101.77 points or by 1.47%. The major gainers were Hexaware Technologies (3.27%), Tech Mahindra (2.57%), Oracle Financial Services Software (2.2%), H C L Technologies (1.49%) and Infosys (1.28%).
Market breadth was negative with 1,191 advances against 1,252 declines.
Value and Volume Toppers
Glenmark Pharmaceutical topped the value chart on the BSE with a turnover of Rs. 306.22 million. It was followed by D L F (Rs. 289.87 million), Adani Power (Rs. 251.22 million) and Reliance Industries (Rs. 231.24 million).
The volume chart was led by Adani Power with trades of over 5.26 million shares. It was followed by Housing Development and Infrastructure (2.54 million), Indiabulls Real Estate (2.26 million) and Birla Cotsyn (India) (2.05 million).
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