Sensex dips 100 pts; CIL, Hindalco, NTPC fall
By IRIS
31st August 2012 12:18 PM
Indian markets continued to trade in the negative zoneamid weak Asian cues.GDP figures came in at 5.5%. Power, auto and FMCG stocks witnessed profit booking.
At 11.02 a.m., the Sensex was trading down 95.81 points or 0.55% at 17,445.83 with 22 components falling. Meanwhile, the Nifty was trading lower by 31.40 points or 0.59% at 5,283.65 with 40 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 5,298.20.
Sensex Movers
I T C contributed fall of 20.59 points in the Sensex. It was followed by Tata Consultancy Services (11.9 points), I C I C I Bank (9.24 points), Infosys (8.64 points) and Hindustan Unilever (7.46 points).
However, Housing Development Finance Corporation contributed rise of 17.59 points in the Sensex. It was followed by Bharti Airtel (2.52 points), H D F C Bank (0.98 points), Oil & Natural Gas Corporation (0.65 points) and Wipro (0.63 points).
Biggest gainers in the 30-share index were Cipla (2.08%), Housing Development Finance Corporation (1.40%), Bharti Airtel (0.66%), Wipro (0.24%), Oil & Natural Gas Corporation (0.09%), and HDFC Bank (0.08%).
On the other hand, Coal India (2.40%), Hindalco Industries (1.89%), NTPC (1.84%), Bharat Heavy Electricals (1.51%), Hero Motocorp (1.48%), and Tata Consultancy Services (1.32%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.13% and 0.40% respectively. The major gainers in the BSE Midcap were Alok Industries (2.6%), Amtek India (1.76%), Aban Offshore (1.73%), Amtek Auto (0.9%) and Anant Raj Industries (0.33%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (4.22%), Action Construction Equipment (3.67%), Adhunik Metaliks (1.98%), Aarti Industries (1.26%) and A2Z Maintenance & Engineering Services (0.17%).
Sectors in Limelight
The Power index was at 1,872.21, down by 21.4 points or by 1.13%. The major losers were Bharat Heavy Electricals (1.51%), Crompton Greaves (1.3%), JSW Energy (1.18%), G M R Infrastructure (1.04%) and A B B (0.3%).
The Auto index was at 9,243.96, down by 96.69 points or by 1.04%. The major losers were Bharat Forge (1.51%), Hero Motocorp (1.48%), Exide Industries (1.45%), Bajaj Auto (0.94%) and Ashok Leyland (0.24%).
The Realty index was at 1,510.93, down by 14.16 points or by 0.93%. The major losers were D L F (1.39%), Godrej Properties (1.05%), Indiabulls Real Estate (0.69%), Parsvnath Developers (0.64%) and Housing Development and Infrastructure (0.43%).
On the other hand, the HC index was at 7,507.17, up by 35.34 points or by 0.47%. The major gainers were Cadila Healthcare (2.21%), Cipla (2.08%), Biocon (1.87%), Divis Laboratories (1.46%) and Aurobindo Pharma (0.23%).
Market Breadth
Market breadth was positive with 1,226 advances against 966 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 363.93 million. It was followed by State Bank Of India (Rs. 188.82 million), Mahanagar Telephone Nigam (Rs. 168.02 million) and Tech Mahindra (Rs. 129.02 million).
The volume chart was led by Cals Refineries with trades of over 11.53 million shares. It was followed by Mahanagar Telephone Nigam (4.57 million), I F C I (0.91 million) and Spicejet (0.90 million).
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