Sensex flat with negative bias at open

16th August 2012 10:18 AM

Indian equities continued to rally in early trade for the third day on Thursday. The 30-share benchmark index, BSE Sensex opened with a gain of 24.02 points or 0.14% at 17,752.22, while the broad based NSE Nifty started with a rise of 5.60 points or 0.10%, at 5,385.95.

At 09.20 a.m., the Sensex was trading down 10.34 points or 0.06% at 17,717.86 with 17 components falling. Meanwhile, the Nifty was trading lower by 4.50 points or 0.08% at 5,375.85 with 27 components falling.

Sensex Movers

Infosys contributed fall of 13.07 points in the Sensex. It was followed by H D F C Bank (4.44 points), Sun Pharmaceutical Industries (4.14 points), Wipro (3.88 points) and Tata Consultancy Services (3.27 points).

However, Housing Development Finance Corporation contributed rise of 11.21 points in the Sensex. It was followed by Hero Motocorp (2.76 points), Mahindra & Mahindra (2.63 points), Reliance Industries (2.63 points) and Larsen & Toubro (1.84 points).

Biggest gainers in the 30-share index were Hero Motocorp (1.22%), Housing Development Finance Corporation (0.92%), Cipla (0.85%), Mahindra & Mahindra (0.65%), Maruti Suzuki India (0.60%), and Tata Power Company (0.50%).

On the other hand, Wipro (1.52%), Sun Pharmaceutical Industries (1.24%), G A I L (India) (1.11%), Hindalco Industries (1.04%), Infosys (0.97%), and Jindal Steel & Power (0.74%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.15% and 0.32% respectively. The major gainers in the BSE Midcap were Amtek Auto (4.58%), Amara Raja Batteries (2.1%), Allcargo Logistics (1.73%), CORE Education and Technologies (1.01%) and Alstom India (0.38%).The major gainers in the BSE Smallcap were Styrolution ABS (India) (1.87%), Aanjaneya Lifecare (1.07%), Adhunik Metaliks (0.87%), A2Z Maintenance & Engineering Services (0.63%) and Aarti Industries (0.49%).

Sectors in Limelight

The Auto index was at 9,451.56, up by 29.49 points or by 0.31%. The major gainers were Hero Motocorp (1.22%), Exide Industries (0.79%), Cummins India (0.24%), Bajaj Auto (0.2%) and Bharat Forge (0.07%).

The Consumer Durables index was at 6,422.84, up by 17.47 points or by 0.27%. The major gainers were Rajesh Exports (1.07%), Videocon Industries (0.76%), Blue Star (0.29%) and Gitanjali Gems (0.12%).

The PSU index was at 7,200.60, up by 12.71 points or by 0.18%. The major gainers were Bank Of India(1.05%), Andhra Bank (0.83%), Bank Of Maharashtra (0.77%), Allahabad Bank (0.5%) and Bank Of Baroda (0.34%).

On the other hand, the IT index was at 5,538.17, down by 35.13 points or by 0.63%. The major losers were Mphasis (2.3%), Wipro (1.52%), Infosys (0.97%), Tata Consultancy Services (0.37%) and Hexaware Technologies (0.13%).

Market Breadth

Market breadth was positive with 527 advances against 327 declines.

Value and Volume Toppers

Intellivate Capital Ventures -PPS topped the value chart on the BSE with a turnover of Rs. 0.00 million. It was followed by Claris Lifesciences (Rs. 100.82 million), State Bank Of India (Rs. 36.03 million) and Orissa Minerals Development Company (Rs. 30.42 million).

The volume chart was led by Cals Refineries with trades of over 3.39 million shares. It was followed by Claris Lifesciences (0.60 million), Kingfisher Airlines (0.45 million) and Lanco Infratech (0.29 million).

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