Sensex extends losses; Mid and Small-cap outperform
Published: 31st August 2012 02:18 PM
Last Updated: 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
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
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
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
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