Sensex down 30 points; Mid and Smallcap outperform
16th August 2012 03:18 PM
Indian equities continue to trade in a lackluster manner due tosubdued global markets. FMCG and metal stocks witnessed profit booking, while auto and capital goods edged higher. On the other hand, European market opened in the negative terrain.
At 2.19 p.m., the Sensex was trading down 30.47 points or 0.17% at 17,697.73 with 20 components falling. Meanwhile, the Nifty was trading lower by 4.35 points or 0.08% at 5,376.00 with 31 components falling.
European stocks were little changed before U.S. reports that may show house building held near a four-year high, while a measure of manufacturing in the Philadelphia region contracted at a slower pace this month. U.S. index futures fluctuated, while Asian shares advanced.
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.
I T C contributed fall of 53.71 points in the Sensex. It was followed by H D F C Bank (20.86 points), Infosys (8.04 points), I C I C I Bank (7.84 points) and Sterlite Industries (India) (6.22 points).
However, Reliance Industries contributed rise of 41.13 points in the Sensex. It was followed by Housing Development Finance Corporation (14.06 points), Larsen & Toubro (12.97 points), Mahindra & Mahindra (8.73 points) and Hero Motocorp (6.31 points).
Biggest gainers in the 30-share index were Hero Motocorp (2.79%), Cipla (2.61%), Reliance Industries (2.45%), Mahindra & Mahindra (2.15%), Larsen & Toubro (1.39%), and Housing Development Finance Corporation (1.15%).
On the other hand, Sterlite Industries (India) (3.11%), I T C (3.08%), Hindalco Industries (2.29%), G A I L (India) (2.13%), Tata Steel (1.86%), and Wipro (1.79%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.33% and 0.37% respectively. The major gainers in the BSE Midcap were Amara Raja Batteries (5.79%), Alstom India (2.19%), A I A Engineering (1.36%), Allcargo Logistics (0.58%) and CORE Education and Technologies (0.24%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (6.44%), Aarti Industries (1.62%), A B G Infralogistics (0.58%), Trident (0.55%) and Action Construction Equipment (0.21%).
Sectors in Limelight
The FMCG index was at 5,158.96, down by 89.3 points or by 1.7%. The major losers were I T C (3.08%), Dabur India (2.37%), Jubilant FoodWorks (2.05%), Nestle India (0.26%) and Hindustan Unilever (0.2%).
The Metal index was at 10,478.97, down by 158.17 points or by 1.49%. The major losers were Hindalco Industries (2.29%), Hindustan Zinc (2.2%), Coal India (0.55%), JSW Steel (0.31%) and Jindal Steel & Power (0.1%).
The Consumer Durables index was at 6,353.65, down by 51.72 points or by 0.81%. The major losers were C.Mahendra Exports (6.53%), Titan Industries (1.87%), V I P Industries (1.07%) and Whirlpool Of India (0.87%).
On the other hand, the Auto index was at 9,509.43, up by 87.36 points or by 0.93%. The major gainers were Hero Motocorp (2.79%), Mahindra & Mahindra (2.15%) and Tata Motors (1.13%).
Market breadth was negative with 1,269 advances against 1,394 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 646.98 million. It was followed by S K S Microfinance (Rs. 572.08 million), United Spirits (Rs. 514.71 million) and Apollo Hospitals Enterprise (Rs. 376.60 million).
The volume chart was led by Kingfisher Airlines with trades of over 12.09 million shares. It was followed by Cals Refineries (7.71 million), S K S Microfinance (4.69 million) and Shree Renuka Sugars (3.78 million).
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