Sensex extends losses; Mid and Small-cap outperform
31st August 2012 02:18 PM
Indian marketsdeclined further in post noon session on Fridayfollowing weak Europeanmarket opening. Metal, power and auto stockswere under pressure.At 12.58 p.m., the Sensex was trading down 81.30 points or 0.46% at 17,460.34 with 24 components falling. Meanwhile, the Nifty was trading lower by 37.15 points or 0.70% at 5,277.90 with 44 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.
Reliance Industries contributed fall of 15.37 points in the Sensex. It was followed by I T C (14.36 points), Hindustan Unilever (9.75 points), I C I C I Bank (8.97 points) and Tata Consultancy Services (8.94 points).
However, Housing Development Finance Corporation contributed rise of 8.06 points in the Sensex. It was followed by H D F C Bank (6.89 points), Oil & Natural Gas Corporation (4.39 points), Bharti Airtel (4.33 points) and State Bank Of India (3.13 points).
Biggest gainers in the 30-share index were Cipla (1.33%), Bharti Airtel (1.13%), Housing Development Finance Corporation (0.64%), Oil & Natural Gas Corporation (0.62%), State Bank Of India (0.53%), and H D F C Bank (0.53%).
On the other hand, Hero Motocorp (2.59%), Hindalco Industries (2.36%), Coal India (2.32%), Sterlite Industries (India) (2.04%), Bharat Heavy Electricals (1.90%), and NTPC (1.87%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.25% and 0.38% respectively. The major gainers in the BSE Midcap were Alok Industries (3.03%), Aban Offshore (1.15%), Amtek Auto (0.9%), Amara Raja Batteries (0.34%) and Allcargo Logistics (0.19%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (3.52%), Action Construction Equipment (3.11%), Adhunik Metaliks (2.52%), Advanta India (1.94%) and Reliance MediaWorks (1.2%).
Sectors in Limelight
The Metal index was at 9,674.84, down by 131.7 points or by 1.34%. The major losers were Hindalco Industries (2.36%), Coal India (2.32%), Jindal Steel & Power (0.55%), Hindustan Zinc (0.4%) and Bhushan Steel (0.24%).
The Power index was at 1,872.56, down by 21.05 points or by 1.11%. The major losers were Bharat Heavy Electricals (1.9%), NTPC (1.87%), Reliance Infrastructure (1.6%), JSW Energy (1.5%) and G M R Infrastructure (1.31%).
The Auto index was at 9,255.09, down by 85.56 points or by 0.92%. The major losers were Hero Motocorp (2.59%), Bharat Forge (1.69%), Cummins India (1.26%), Bajaj Auto (1%) and Exide Industries (0.3%).
On the other hand, the HC index was at 7,496.51, up by 24.68 points or by 0.33%. The major gainers were Biocon (4.63%), Cadila Healthcare (2.32%), Cipla (1.33%), Aurobindo Pharma (0.77%) and Divis Laboratories (0.4%).
Market breadth was negative with 1,307 advances against 1,224 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 546.60 million. It was followed by United Spirits (Rs. 483.64 million), Indraprastha Gas (Rs. 235.14 million) and I C I C I Bank (Rs. 222.45 million).
The volume chart was led by Cals Refineries with trades of over 15.15 million shares. It was followed by Mahanagar Telephone Nigam (5.08 million), Kingfisher Airlines (4.74 million) and Spicejet (3.78 million).
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