Sensex down 35 points; Oil & Gas, Realty, Metal drag

03rd September 2012 03:18 PM

Indian equitiesagain fell into the negative terrain despite positive opening of European markets. Oil & gas, metal and realty stocks traded lower.

At 1.52 p.m., the Sensex was trading down 35.51 points or 0.20% at 17,394.05 with 16 components falling. Meanwhile, the Nifty was trading higher by 3.25 points or 0.06% at 5,261.75 with 21 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 36.04 points or 0.21% at 17,465.60, while the broad based NSE Nifty started with a rise of 18.00 points or 0.34%, at 5,276.50.

Sensex Movers

Reliance Industries contributed fall of 18.25 points in the Sensex. It was followed by I C I C I Bank (9.78 points), Tata Consultancy Services (6.37 points), Tata Motors (6.14 points) and H D F C Bank (4.55 points).

However, Housing Development Finance Corporation contributed rise of 4.68 points in the Sensex. It was followed by NTPC (4.18 points), Maruti Suzuki India (3.18 points), Larsen & Toubro (2.92 points) and Bharti Airtel (2.5 points).

Biggest gainers in the 30-share index were Bajaj Auto (2.70%), Cipla (1.77%), Maruti Suzuki India (1.65%), NTPC (1.28%), Bharat Heavy Electricals (0.82%), and Bharti Airtel (0.65%).

On the other hand, Jindal Steel & Power (1.79%), Tata Power Company (1.51%), Dr Reddy"S Laboratories (1.20%), Tata Motors (1.18%), Reliance Industries (1.13%), and Mahindra & Mahindra (1.06%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.22% and 0.12% respectively. The major gainers in the BSE Midcap were A I A Engineering (2.14%), CORE Education and Technologies (1.46%), Allcargo Logistics (1.31%), A B G Shipyard (1.03%) and Alstom India (0.07%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (2.64%), Action Construction Equipment (2.17%), Styrolution ABS (India) (1.5%), A2Z Maintenance & Engineering Services (1.2%) and Aarti Industries (0.55%).

Sectors in Limelight

The Oil & Gas index was at 8,149.30, down by 62.23 points or by 0.76%. The major losers were Hindustan Petroleum Corporation (2.44%), Gujarat State Petronet (1.2%), Bharat Petroleum Corporation (1.02%), Indian Oil Corporation (0.94%) and G A I L (India) (0.18%).

The Realty index was at 1,502.98, down by 7.93 points or by 0.52%. The major losers were D B Realty (2.13%), Anant Raj Industries (1.89%), Indiabulls Real Estate (1.85%), Housing Development and Infrastructure (1.76%) and D L F (0.64%).

The Metal index was at 9,637.71, down by 49.83 points or by 0.51%. The major losers were NMDC (2.89%), Jindal Steel & Power (1.79%), JSW Steel (1.47%), Steel Authority Of India (1.22%) and Bhushan Steel (0.24%).

On the other hand, the Consumer Durables index was at 6,284.86, up by 43.82 points or by 0.70%. The major gainers were Blue Star (1.71%), Gitanjali Gems (1.46%), Whirlpool Of India (1.33%), Titan Industries (0.63%) and Bajaj Electricals (0.32%).

Market Breadth

Market breadth was positive with 1,393 advances against 1,257 declines.

Value and Volume Toppers

Bharti Airtel topped the value chart on the BSE with a turnover of Rs. 1,289.49 million. It was followed by United Spirits (Rs. 417.16 million), State Bank Of India (Rs. 408.69 million) and JSW Steel (Rs. 385.93 million).

The volume chart was led by Cals Refineries with trades of over 9.05 million shares. It was followed by Bharti Airtel (5.21 million), Jain Irrigation Systems (3.85 million) and Housing Development and Infrastructure (2.37 million).

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