Sensex dips 95 points on global concern; Metal, CG, Bankex fall
Published: 22nd June 2012 12:18 PM
Last Updated: 22nd June 2012 12:18 PM
Indian markets continue to trade in a sluggish mannerdue to
global meltdown. Metal, Capital goods and banking stocks lost
At 11.50 a.m., the Sensex was trading down 95.01 points or 0.56%
at 16,937.55 with 23 components falling. Meanwhile, the Nifty was
trading lower by 42.35 points or 0.82% at 5,122.65 with 42
The 30-share benchmark index, BSE Sensex opened with a decline
of 149.82 points or 0.88% at 16,882.74, while the broad based NSE
Nifty started with a fall of 63.25 points or 1.22%, at
Reliance Industries contributed fall of 21.07 points in the
Sensex. It was followed by Housing Development Finance Corporation
(18.49 points), Larsen & Toubro (14 points), Infosys (13.8
points) and I C I C I Bank (10.88 points).
However, Tata Consultancy Services contributed rise of 4.53
points in the Sensex. It was followed by Oil & Natural Gas
Corporation (2.8 points), Maruti Suzuki India (2.71 points), Hero
Motocorp (2.24 points) and Mahindra & Mahindra (1.09
Major gainers in the 30-share index were Maruti Suzuki India
(1.43%), Cipla (1.19%), Hero Motocorp(0.95%), Tata Consultancy
Services (0.51%), Bajaj Auto (0.50%), and Oil & Natural Gas
On the other hand, Hindalco Industries (2.27%), Tata Steel
(2.09%), Housing Development Finance Corporation (1.64%), Tata
Power Company (1.64%), Larsen & Toubro (1.62%), and Sterlite
Industries (India) (1.46%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.07% and 0.21% respectively. The major
gainers in the BSE Midcap were Andhra Bank (1.06%), Anant Raj
Industries (0.65%), Alok Industries (0.55%), Amara Raja Batteries
(0.42%) and Amtek India (0.24%).The major gainers in the BSE
Smallcap were A2Z Maintenance & Engineering Services (2.93%),
Trident (1.07%), Aegis Logistics (1%), Reliance MediaWorks (0.28%)
and Advanta India (0.03%).
Sectors in Limelight
The Metal index was at 10,363.45, down by 137.29 points or by
1.31%. The major losers were Hindalco Industries (2.27%), Hindustan
Zinc (1.5%), Jindal Steel & Power (0.76%), Bhushan Steel (0.7%)
and Coal India (0.69%).
The Capital Goods index was at 9,721.82, down by 77.72 points or
by 0.79%. The major losers were Alstom Projects India (0.93%),
Bharat Heavy Electricals (0.79%), A I A Engineering (0.48%), BEML
(0.09%) and Bharat Electronics (0.04%).
The Bankex index was at 11,497.16, down by 65.59 points or by
0.57%. The major losers were Indusind Bank (0.97%), I C I C I Bank
(0.95%), Canara Bank (0.71%), H D F C Bank (0.64%) and Bank Of
On the other hand, the Auto index was at 9,368.12, up by 39.00
points or by 0.42%. The major gainers were Maruti Suzuki India
(1.43%), Hero Motocorp (0.95%), Cummins India (0.8%), Bajaj Auto
(0.5%) and Mahindra & Mahindra (0.29%).
Market breadth was negative with 1,150 advances against 1,232
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 602.25 million. It was followed by Tata Motors (Rs.
302.14 million), Housing Development and Infrastructure (Rs. 286.99
million) and Larsen & Toubro (Rs. 195.53 million).
The volume chart was led by Manappuram Finance with trades of
over 4.53 million shares. It was followed by Housing Development
and Infrastructure (3.62 million), Lanco Infratech (2.57 million)
and Cals Refineries (2.45 million).