Sensex down 167 pts; Maruti Suzuki plunges 5%

23rd July 2012 10:18 AM

Indian markets continued to fall for the second day on Monday. At 10.00 a.m., the Sensex was trading down 166.77 points or 0.97% at 16,991.67 with 27 components falling. Meanwhile, the Nifty was trading lower by 50.05 points or 0.96% at 5,155.05 with 47 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 110.71 points or 0.65% at 17,047.73, while the broad based NSE Nifty started with a fall of 41.85 points or 0.80%, at 5,163.25.

Sensex Movers

H D F C Bank contributed fall of 16.24 points in the Sensex. It was followed by I T C (15.35 points), I C I C I Bank (13.83 points), Infosys (12.16 points) and Oil & Natural Gas Corporation (11.33 points).

However, Tata Power Company contributed rise of 0.57 points in the Sensex. It was followed by ACC (0.04 points), Grasim Industries (1.18 points), D L F (1.23 points) and Reliance Infrastructure (1.56 points).

Major gainers in the 30-share index were Dr Reddy"S Laboratories (0.83%), Tata Power Company (0.30%), and Cipla (0.03%).

On the other hand, Maruti Suzuki India (5.12%), Sterlite Industries (India) (3.05%), Jindal Steel & Power (2.46%), Bharat Heavy Electricals (2.40%), Tata Steel (2.20%), and Hindalco Industries (1.97%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-0.75% and -0.43% respectively.The major losers in the BSE Midcap were Aban Offshore (1.35%), Alstom India (0.95%), A B G Shipyard (0.73%), A I A Engineering (0.63%) and CORE Education and Technologies (0.4%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (2.77%), Aanjaneya Lifecare (1.49%), Action Construction Equipment (1.21%), Styrolution ABS (India) (0.89%) and Trident (0.53%).

Sectors in Limelight

The Metal index was at 10,473.11, down by 200.47 points or by 1.88%. The major losers were Jindal Steel & Power (2.46%), Hindustan Zinc (2.29%), Hindalco Industries (1.97%), Coal India (0.98%) and Bhushan Steel (0.38%).

The Power index was at 1,907.69, down by 25.71 points or by 1.33%. The major losers were Crompton Greaves (5.03%), Bharat Heavy Electricals (2.4%), Reliance Infrastructure (1.7%), A B B (1.38%) and Adani Power (0.77%).

The Auto index was at 9,043.56, down by 118.24 points or by 1.29%. The major losers were Bharat Forge (1.28%), Hero Motocorp (1.17%), Ashok Leyland (0.83%), Exide Industries (0.68%) and Bajaj Auto (0.57%).

The Realty index was at 1,661.28, down by 20.54 points or by 1.22%. The major losers were Housing Development and Infrastructure (2.44%), Indiabulls Real Estate (1.32%), D L F (1.25%), Anant Raj Industries (1.18%) and Godrej Properties (0.87%).

Market Breadth

Market breadth was negative with 592 advances against 1,098 declines.

Value and Volume Toppers

Claris Lifesciences topped the value chart on the BSE with a turnover of Rs. 327.51 million. It was followed by Indraprastha Gas (Rs. 154.62 million), State Bank Of India (Rs. 134.98 million) and Maruti Suzuki India (Rs. 126.98 million).

The volume chart was led by Claris Lifesciences with trades of over 1.79 million shares. It was followed by JM Financial (1.52 million), Reliance Natural Resources (0.83 million) and Kingfisher Airlines (0.71 million).

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