Sensex flat with negative bias at open

04th September 2012 10:18 AM

Indian equities are trading flat with negative bias in early trade on Tuesday. At 09.17 a.m., the Sensex was trading down 17.51 points or 0.10% at 17,366.89 with 16 components falling. Meanwhile, the Nifty was trading lower by 3.30 points or 0.06% at 5,250.45 with 28 components falling.

The 30-share benchmark index, BSE Sensex opened flat with a decline of 5.72 points or 0.03% at 17,378.68, while the broad based NSE Nifty started with a fall of 4.60 points or 0.09%, at 5,249.15.

Sensex Movers

Larsen & Toubro contributed fall of 6.11 points in the Sensex. It was followed by Infosys (5.49 points), Tata Consultancy Services (5.46 points), Housing Development Finance Corporation (5.37 points) and Bharti Airtel (3.03 points).

However, State Bank Of India contributed rise of 3.3 points in the Sensex. It was followed by Tata Motors (3.05 points), I T C (2.9 points), Oil & Natural Gas Corporation (2.42 points) and Hero Motocorp (0.54 points).

Biggest gainers in the 30-share index were Tata Motors (0.58%), State Bank Of India (0.57%), Oil & Natural Gas Corporation (0.35%), Dr Reddy"S Laboratories (0.32%), Sterlite Industries (India) (0.26%), and Hero Motocorp (0.26%).

On the other hand, NTPC (0.86%), Bharti Airtel (0.79%), Cipla (0.75%), Larsen & Toubro (0.70%), Bharat Heavy Electricals (0.69%), and Tata Consultancy Services (0.59%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.11% and 0.24% respectively. The major gainers in the BSE Midcap were Apollo Tyres (1.58%), Dish TV India (0.91%), Delta Corp (0.68%), Hexaware Technologies (0.6%) and Arvind (0.55%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (14.82%), Aarti Industries (1.85%), Anil (0.93%), A2Z Maintenance & Engineering Services (0.92%) and Reliance MediaWorks (0.16%).

Sectors in Limelight

The IPO index was at 1,469.73, up by 5.45 points or by 0.37%. The major gainers were Commercial Engineers and Body Builders Company (1.35%), Claris Lifesciences (0.87%), Bajaj Corp (0.84%), Eros International Media (0.83%) and Coal India (0.01%).

The Oil & Gas index was at 8,165.51, up by 19.63 points or by 0.24%. The major gainers were Bharat Petroleum Corporation (1.28%), Indian Oil Corporation (0.91%), Cairn India (0.87%), Gujarat State Petronet (0.77%) and Hindustan Petroleum Corporation (0.29%).

The Auto index was at 9,298.98, up by 21.41 points or by 0.23%. The major gainers were Ashok Leyland (2.43%), Cummins India (0.77%), Exide Industries (0.58%), Hero Motocorp (0.26%) and Bajaj Auto (0.09%).

On the other hand, the Capital Goods index was at 9,461.97, down by 44.87 points or by 0.47%. The major losers were Thermax (2.12%), Larsen & Toubro (0.7%), Bharat Heavy Electricals (0.69%), Crompton Greaves (0.33%) and BEML (0.02%).

Market Breadth

Market breadth was positive with 295 advances against 141 declines.

Value and Volume Toppers

Torrent Power topped the value chart on the BSE with a turnover of Rs. 466.64 million. It was followed by Prakash Steelage (Rs. 80.01 million), United Spirits (Rs. 31.91 million) and State Bank Of India (Rs. 10.01 million).

The volume chart was led by Torrent Power with trades of over 2.99 million shares. It was followed by Prakash Steelage (0.40 million), Transgene Biotek (0.14 million) and Eveready Industries (India) (0.10 million).

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