Sensex dips 62 points; RIL, TCS, Hindalco drag

21st June 2012 02:18 PM

Indian marketscontinue to trade on a lower note amid volatility. Realty, healthcare and capital goods traded marginally lower.

At 1.44 p.m., the Sensex was trading down 61.72 points or 0.37% at 16,834.91 with 17 components falling. Meanwhile, the Nifty was trading lower by 21.30 points or 0.42% at 5,099.25 with 29 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 41.03 points or 0.24% at 16,855.60, while the broad based NSE Nifty started with a fall of 23.20 points or 0.45%, at 5,097.35.

Sensex Movers

Reliance Industries contributed fall of 50.89 points in the Sensex. It was followed by Tata Consultancy Services (26.39 points), Mahindra & Mahindra (5.75 points), Infosys (5.02 points) and Tata Motors (3.91 points).

However, Larsen & Toubro contributed rise of 12.25 points in the Sensex. It was followed by I T C (7.44 points), Oil & Natural Gas Corporation (6.85 points), Bharat Heavy Electricals (4.33 points) and I C I C I Bank (3.57 points).

Biggest gainers in the 30-share index were Bharat Heavy Electricals (1.98%), HeroMotocorp (1.45%), Tata Power Company (1.30%), Larsen & Toubro (1.28%), Oil & Natural Gas Corporation (1.03%), and I T C (0.47%).

On the other hand, Reliance Industries (3.42%), Tata Consultancy Services (3.07%), Hindalco Industries (1.76%), Mahindra & Mahindra (1.53%), Jindal Steel & Power (1.29%), and Tata Motors (0.73%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.10% and 0.21% respectively. The major gainers in the BSE Midcap were A I A Engineering (3.67%), Amtek Auto (0.69%), CORE Education and Technologies (0.63%), Alstom Projects India (0.55%) and Amtek India (0.05%).The major gainers in the BSE Smallcap were Action Construction Equipment (2.79%), Adhunik Metaliks (1.07%), Aanjaneya Lifecare (0.9%), Styrolution ABS (India) (0.42%) and Aarti Industries (0.21%).

Sectors in Limelight

The Capital Goods index was at 9,725.53, up by 134.60 points or by 1.40%. The major gainers were A I A Engineering (3.67%), A B B (1.75%), Bharat Electronics (1.35%), BEML (0.74%) and Alstom Projects India (0.55%).

The Realty index was at 1,589.30, up by 10.64 points or by 0.67%. The major gainers were Housing Development and Infrastructure (1.78%), D L F (1.72%), Parsvnath Developers (0.99%), Indiabulls Real Estate (0.91%) and D B Realty (0.31%).

The Power index was at 1,872.16, up by 11.85 points or by 0.64%. The major gainers were Bharat Heavy Electricals (1.98%), A B B (1.75%), Crompton Greaves (1.47%), Reliance Infrastructure (0.87%) and Lanco Infratech (0.65%).

On the other hand, the Oil & Gas index was at 7,885.74, down by 93.45 points or by 1.17%. The major losers were Reliance Industries (3.42%) and Cairn India (2.7%).

Market Breadth

Market breadth was negative with 1,258 advances against 1,286 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 648.15 million. It was followed by Reliance Industries (Rs. 393.97 million), Larsen & Toubro (Rs. 377.33 million) and Mahindra & Mahindra Financial Services (Rs. 319.42 million).

The volume chart was led by Cals Refineries with trades of over 3.80 million shares. It was followed by Acil Cotton Industries (3.47 million), Kingfisher Airlines (3.31 million) and Lanco Infratech (3.29 million).

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