Sensex ends down 60 points; Hindalco, Tata Steel, Jindal drag

22nd June 2012 04:18 PM

Indian markets ended on a lower note led by capital goods, metal and teck stocks.At the close, the benchmark 30-share index, BSE Sensex declined 60.05 pointsor 0.35% at 16,972.51 with 16 components posting drop. Meanwhile, the broad based NSE Nifty went down by 18.95 pointsor 0.37% at 5,146.05 with 31 components registering drop.Sensex Movers

Reliance Industries contributed fall of 16.26 points in the Sensex. It was followed by Housing Development Finance Corporation (13.4 points), Infosys (10.04 points), Tata Steel (8.97 points) and Larsen & Toubro (7 points).

However, Oil & Natural Gas Corporation contributed rise of 9.89 points in the Sensex. It was followed by Tata Consultancy Services (6.41 points), H D F C Bank (4.48 points), Mahindra & Mahindra (2.16 points) and I C I C I Bank (2.03 points).

Major gainers in the 30-share index were Oil & Natural Gas Corporation (1.47%), Cipla (1.26%), Maruti Suzuki India (0.79%), Tata Consultancy Services (0.73%), Mahindra & Mahindra (0.57%), and HeroMotocorp (0.53%).

On the other hand, Hindalco Industries (3.34%), Tata Steel (2.70%), Jindal Steel & Power (1.63%), Coal India (1.24%), Housing Development Finance Corporation (1.19%), and Sun Pharmaceutical Industries (1.15%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.13% and 0.04% respectively. The major gainers in the BSE Midcap were Anant Raj Industries (1.62%), Andhra Bank (1.28%), Amara Raja Batteries (0.68%), Apollo Tyres (0.32%) and Alok Industries (0.28%).The major gainers in the BSE Smallcap were Aegis Logistics (4.37%), A2Z Maintenance & Engineering Services (3.89%), Trident (2.88%), Genesys International Corporation (0.95%) and Reliance MediaWorks (0.19%).

Sectors in Limelight

The Metal index was at 10,344.99, down by 155.75 points or by 1.48%. The major losers were Hindalco Industries (3.34%), Jindal Steel & Power (1.63%), Coal India (1.24%), Hindustan Zinc (1.04%) and Bhushan Steel (0.39%).

The Capital Goods index was at 9,737.67, down by 61.87 points or by 0.63%. The major losers were BEML (1.06%), Alstom Projects India (0.87%), Bharat Heavy Electricals (0.74%), A B B (0.6%) and A I A Engineering (0.48%).

The TECk index was at 3,293.54, down by 9.87 points or by 0.3%. The major losers were Idea Cellular (1.81%), Dish TV India (1.33%), Deccan Chronicle Holdings (0.62%), Oracle Financial Services Software (0.53%) and Bharti Airtel (0.42%).

On the other hand, the Realty index was at 1,630.87, up by 6.61 points or by 0.41%. The major gainers were Housing Development and Infrastructure (3.22%), Anant Raj Industries (1.62%), Indiabulls Real Estate (0.86%), Parsvnath Developers (0.33%) and Phoenix Mills (0.2%).

Market Breadth

Market breadth was negative with 1,388 advances against 1,440 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,840.08 million. It was followed by Housing Development and Infrastructure (Rs. 849.88 million), Tata Motors (Rs. 638.30 million) and Reliance Capital (Rs. 558.13 million).

The volume chart was led by Housing Development and Infrastructure with trades of over 10.38 million shares. It was followed by Lanco Infratech (6.29 million), Cals Refineries (5.78 million) and Spicejet (5.55 million).

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