Sensex down 189 points; HDFC Bank, ITC, ICICI drag
Published: 23rd July 2012 01:18 PM
Last Updated: 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
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
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
Market breadth was negative with 884 advances against 1,558
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