Sensex falls 92 pts in early trade; Power, Auto, IT drop
Published: 31st August 2012 11:18 AM
Last Updated: 31st August 2012 11:18 AM
Indian equities dropped on Friday erasing earlier gains ahead
ofGDP data. At 10.02 a.m., the Sensex was trading down 91.39 points
or 0.52% at 17,450.25 with 24 components falling. Meanwhile, the
Nifty was trading lower by 34.75 points or 0.65% at 5,280.30 with
42 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a rise
of 15.98 points or 0.09% at 17,557.62, while the broad based NSE
Nifty started with a fall of 16.85 points or 0.32%, at
I T C contributed fall of 12.48 points
in the Sensex. It was followed by Tata Consultancy Services (10.92
points), Infosys (9.1 points), I C I C I Bank (8.76 points) and H D
F C Bank (7.33 points).
However, Housing Development Finance Corporation contributed
rise of 9.01 points in the Sensex. It was followed by Bharti Airtel
(2.76 points), Reliance Infrastructure (1.08 points), Sterlite
Industries (India) (0.8 points) and Reliance Communications (0.8
Biggest gainers in the 30-share index were Cipla (1.80%), Bharti
Airtel (0.72%), Housing Development Finance Corporation (0.72%),
Jindal Steel & Power (0.68%), Sterlite Industries (India)
(0.41%), and Wipro (0.19%).
On the other hand, NTPC (1.87%), Hindalco Industries (1.74%),
Bharat Heavy Electricals (1.67%), G A I L (India) (1.25%), Bajaj
Auto (1.25%), and Tata Consultancy Services (1.21%) were the
biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.02% and 0.19% respectively. The major
gainers in the BSE Midcap were Alok Industries (3.03%), Aban
Offshore (1.8%), Amtek Auto (0.56%), Anant Raj Industries (0.33%)
and Andhra Bank (0.17%).The major gainers in the BSE Smallcap were
Action Construction Equipment (4.52%), Adhunik Metaliks (4.32%),
Aanjaneya Lifecare (2.52%), A2Z Maintenance & Engineering
Services (2.29%) and Aarti Industries (1.74%).
Sectors in Limelight
The Power index was at 1,876.25, down by 17.36 points or by
0.92%. The major losers were NTPC (1.87%), Bharat Heavy Electricals
(1.67%), Crompton Greaves (1.44%), JSW Energy (1.18%) and Lanco
The Auto index was at 9,259.06, down by 81.59 points or by
0.87%. The major losers were Exide Industries (1.79%), Bajaj Auto
(1.25%), Hero Motocorp (0.77%), Bharat Forge (0.7%) and Ashok
The IT index was at 5,743.00, down by 43.45 points or by 0.75%.
The major losers were Hexaware Technologies (0.85%), Infosys
(0.66%), CORE Education and Technologies (0.56%), Oracle Financial
Services Software (0.39%) and H C L Technologies (0.24%).
On the other hand, the HC index was at 7,489.06, up by 17.23
points or by 0.23%. The major gainers were Cadila Healthcare
(2.32%), Cipla (1.8%), Glenmark Pharmaceutical (0.24%), Biocon
(0.22%) and Aurobindo Pharma (0.14%).
Market breadth was negative with 853 advances against 785
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover
of Rs. 170.10 million. It was followed by State Bank Of India (Rs.
111.10 million), Tech Mahindra (Rs. 95.76 million) and Mahanagar
Telephone Nigam (Rs. 85.95 million).
The volume chart was led by Cals Refineries with trades of over
3.24 million shares. It was followed by Mahanagar Telephone Nigam
(2.36 million), I F C I (0.67 million) and Spicejet (0.56