Sensex edges lower; Tata Steel, RIL, Sterlite gain
Published: 04th September 2012 11:18 AM
Last Updated: 04th September 2012 11:18 AM
Indian markets continue to trade on a flat note amid mixed Asian
peers. IT, teck and metal stocks traded lower, while FMCG and oil
& gas gained.Both Sensex and Nifty were trading below 1-month
At 10.55 a.m., the Sensex was trading down 23.79 points or 0.14%
at 17,360.61 with 21 components falling. Meanwhile, the Nifty was
trading lower by 9.40 points or 0.18% at 5,244.35 with 30
Asian stocks swung between gains and losses as the European
Union"s outlook was cut by Moody"s Investors Service ahead of
meetings of the region"s policy makers today.
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
Housing Development Finance Corporation contributed fall of
20.51 points in the Sensex. It was followed by Infosys (9.62
points), Tata Consultancy Services (7.47 points), Bharti Airtel
(4.97 points) and NTPC (4.34 points).
However, Reliance Industries contributed rise of 17.87 points in
the Sensex. It was followed by ITC (5.16 points), Larsen &
Toubro (4.98 points), Tata Motors (3.72 points) and Tata Steel (3.6
Biggest gainers in the 30-share index were Tata Steel (1.24%),
Reliance Industries (1.11%), Sterlite Industries (India) (0.84%),
Dr Reddy"s Laboratories (0.74%), Tata Motors (0.71%), and State
Bank Of India (0.59%).
On the other hand, Housing Development Finance Corporation
(1.59%), NTPC (1.33%), Bharti Airtel (1.30%), Tata Power Company
(0.97%), Hero Motocorp (0.97%), and Coal India (0.96%) were the
biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.19% and 0.23% respectively. The major
gainers in the BSE Midcap were Apollo Tyres (0.82%), Aban Offshore
(0.73%), Amtek India (0.31%), Amara Raja Batteries (0.11%) and A B
G Shipyard (0.07%).The major gainers in the BSE Smallcap were
Action Construction Equipment (3.54%), A B G Infralogistics (2.9%),
A2Z Maintenance & Engineering Services (1.85%), Aarti
Industries (0.93%) and Aanjaneya Lifecare (0.85%).
Sectors in Limelight
The Realty index was at 1,508.84, up by 10.95 points or by
0.73%. The major gainers were Indiabulls Real Estate (1.19%), D L F
(1.03%), Housing Development and Infrastructure (0.75%), Oberoi
Realty (0.22%) and Godrej Properties (0.16%).
The FMCG index was at 5,382.57, up by 32.13 points or by 0.60%.
The major gainers were Dabur India (2.68%), Godrej Consumer
Products (0.56%), Hindustan Unilever (0.54%), Colgate-Palmolive
(India) (0.43%) and I T C (0.3%).
The IT index was at 5,695.79, down by 38.58 points or by 0.67%.
The major losers were Tata Consultancy Services (0.8%), Infosys
(0.71%), H C L Technologies (0.58%), Oracle Financial Services
Software (0.47%) and CORE Education and Technologies (0.05%).The
TECk index was at 3,230.72, down by 16.89 points or by 0.52%. The
major losers were Bharti Airtel (1.3%), H C L Technologies (0.58%),
Oracle Financial Services Software (0.47%), G T L Infrastructure
(0.3%) and GTL (0.2%).
Market breadth was positive with 1,111 advances against 923
Value and Volume Toppers
Torrent Power topped the value chart on the BSE with a turnover
of Rs. 516.57 million. It was followed by United Spirits (Rs.
349.27 million), State Bank Of India (Rs. 175.97 million) and Tata
Steel (Rs. 111.25 million).
The volume chart was led by Torrent Power with trades of over
3.26 million shares. It was followed by S Kumars Nationwide (1.56
million), Kingfisher Airlines (1.03 million) and Shree Ashtavinayak
Cine Vision (1.00 million).