Sensex down 63 points; IT, Bankex, Teck drag
04th September 2012 02:18 PM
Indian equities continue to trade in a lackluster manner due to lack of trigger in global markets. IT, teck and metal stocks traded lower. Both Sensex and Nifty were trading below 1-month low.
At 12.58 p.m., the Sensex was trading down 63.38 points or 0.36% at 17,321.02 with 23 components falling. Meanwhile, the Nifty was trading lower by 18.05 points or 0.34% at 5,235.70 with 35 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.
Housing Development Finance Corporation contributed fall of 22.22 points in the Sensex. It was followed by I C I C I Bank (12.11 points), Infosys (10.92 points), Oil & Natural Gas Corporation (9.65 points) and Tata Consultancy Services (7.39 points).
However, Reliance Industries contributed rise of 5.8 points in the Sensex. It was followed by Tata Motors (3.49 points), Tata Steel (3.35 points), Hindustan Unilever (3.25 points) and State Bank Of India (1.91 points).
Major gainers in the 30-share index were Tata Steel (1.16%), Tata Motors (0.67%), Hindustan Unilever (0.49%), Reliance Industries (0.36%), State Bank Of India (0.33%), and Dr Reddy"s Laboratories (0.15%).
On the other hand, Tata Power Company (2.00%), Housing Development Finance Corporation (1.72%), Oil & Natural Gas Corporation (1.39%), Hindalco Industries (1.35%), Cipla (1.31%), and ICICI Bank (0.99%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.10% and -0.14% respectively.The major losers in the BSE Midcap were A I A Engineering (1.14%), A B G Shipyard (0.92%), Alstom India (0.8%), Allcargo Logistics (0.62%) and CORE Education and Technologies (0.25%).The major losers in the BSE Smallcap were A B G Infralogistics (2.17%), Trident (1.62%), Styrolution ABS (India) (0.94%), Adhunik Metaliks (0.53%) and Aarti Industries (0.33%).
Sectors in Limelight
The IT index was at 5,699.09, down by 35.28 points or by 0.62%. The major losers were Oracle Financial Services Software (2.29%), Tata Consultancy Services (0.8%), Infosys (0.8%), Mphasis (0.65%) and CORE Education and Technologies (0.25%).
The Bankex index was at 11,400.70, down by 40.81 points or by 0.36%. The major losers were I C I C I Bank (0.99%), Kotak Mahindra Bank (0.69%), Canara Bank (0.64%), H D F C Bank (0.36%) and Union Bank Of India (0.28%).
The TECk index was at 3,236.31, down by 11.3 points or by 0.35%. The major losers were Oracle Financial Services Software (2.29%), G T L Infrastructure (1.37%), G T L (0.99%), Mphasis (0.65%) and Bharti Airtel (0.59%).
On the other hand, the Consumer Durables index was at 6,310.30, up by 31.49 points or by 0.50%. The major gainers were T T K Prestige (2.58%), Gitanjali Gems (1.84%), Rajesh Exports (1.38%), Titan Industries (0.56%) and Bajaj Electricals (0.35%).
Market breadth was negative with 1,190 advances against 1,289 declines.
Value and Volume Toppers
Torrent Power topped the value chart on the BSE with a turnover of Rs. 535.75 million. It was followed by United Spirits (Rs. 510.66 million), State Bank Of India (Rs. 252.44 million) and Reliance Capital (Rs. 173.48 million).
The volume chart was led by Kingfisher Airlines with trades of over 5.93 million shares. It was followed by Torrent Power (3.37 million), Vikas Wsp (2.30 million) and S Kumars Nationwide (2.21 million).
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