Sensex down 189 points; HDFC Bank, ITC, ICICI drag

23rd July 2012 01:18 PM

Indian equities continues to trade lower in second half of Monday led by metal, realty andpower stocks.

At 12.02 p.m, the Sensex was trading down 188.63 points or 1.10% at 16,969.81 with 28 components falling. Meanwhile, the Nifty was trading lower by 59.50 points or 1.14% at 5,145.60 with 49 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

HDFC Bank contributed fall of 16.55 points in the Sensex. It was followed by ITC (15.33 points), I C I C I Bank (15.21 points), Infosys (14.02 points) and Maruti Suzuki India (11.28 points).

Maruti Suzuki India (5.68%), Sterlite Industries (India) (3.48%), Hindalco Industries (3.24%), Bharat Heavy Electricals (3.06%), Tata Steel (3.03%), and Jindal Steel & Power (2.54%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-0.87% and -0.57% respectively.The major losers in the BSE Midcap were Aban Offshore (2.33%), A I A Engineering (1.55%), A B G Shipyard (1.27%), Alstom India (0.57%) and CORE Education and Technologies (0.23%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (2.07%), Aanjaneya Lifecare (1.31%), Trident (0.75%), A B G Infralogistics (0.68%) and Styrolution ABS (India) (0.02%).

Sectors in Limelight

The Metal index was at 10,408.88, down by 264.7 points or by 2.48%. The major losers were Hindalco Industries (3.24%), Hindustan Zinc (2.59%), Jindal Steel & Power (2.54%), Coal India (1.14%) and Bhushan Steel (0.88%).

The Realty index was at 1,649.21, down by 32.61 points or by 1.94%. The major losers were Housing Development and Infrastructure (3.97%), Indiabulls Real Estate (2.55%), D L F (2.08%), Anant Raj Industries (1.67%) and Godrej Properties (0.57%).

The Power index was at 1,899.56, down by 33.84 points or by 1.75%. The major losers were Crompton Greaves (7.03%), A B B (3.25%), Bharat Heavy Electricals (3.06%), Reliance Infrastructure (1.92%) and Adani Power (0.55%).

The Capital Goods index was at 9,781.38, down by 160.67 points or by 1.62%. The major losers were A B B (3.25%), BEML (1.91%), A I A Engineering (1.55%), Bharat Electronics (1.15%) and Alstom India (0.57%).

Market Breadth

Market breadth was negative with 884 advances against 1,558 declines.

Value and Volume Toppers

Claris Lifesciences topped the value chart on the BSE with a turnover of Rs. 334.39 million. It was followed by State Bank Of India (Rs. 302.18 million), Maruti Suzuki India (Rs. 245.38 million) and Indraprastha Gas (Rs. 159.10 million).

The volume chart was led by JM Financial with trades of over 4.78 million shares. It was followed by Birla Power Solutions (3.36 million), Claris Lifesciences (1.83 million) and Cals Refineries (1.52 million).

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