Sensex down over 53 pts; Metal, CG, Power fall

05th September 2012 11:18 AM

Indian equities continued to decline on Wednesday. At 10.02 a.m., the Sensex was trading down 52.66 points or 0.30% at 17,388.21 with 24 components falling. Meanwhile, the Nifty was trading lower by 23.30 points or 0.44% at 5,250.70 with 45 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 80.91 points or 0.46% at 17,359.96, while the broad based NSE Nifty started with a fall of 30.10 points or 0.57%, at 5,243.90.

Sensex Movers

I C I C I Bank contributed fall of 14.01 points in the Sensex. It was followed by Infosys (9.98 points), Larsen & Toubro (9.68 points), Reliance Industries (6.34 points) and Tata Motors (6.11 points).

However, H D F C Bank contributed rise of 7.28 points in the Sensex. It was followed by Bharti Airtel (4.23 points), Hindustan Unilever (4.23 points), Housing Development Finance Corporation (4.21 points) and I T C (3.25 points).

Major gainers in the 30-share index were Bharti Airtel (1.10%), Hindustan Unilever (0.64%), H D F C Bank (0.55%), Housing Development Finance Corporation (0.33%), I T C (0.19%), and Mahindra & Mahindra (0.01%).

On the other hand, Tata Steel (2.04%), Bharat Heavy Electricals (1.83%), Jindal Steel & Power (1.46%), Sterlite Industries (India) (1.40%), NTPC (1.17%), and Tata Motors (1.17%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.22% and 0.15% respectively. The major gainers in the BSE Midcap were Amara Raja Batteries (1.28%), Amtek Auto (1.28%), A B G Shipyard (1.08%), Allcargo Logistics (0.46%) and Alok Industries (0.34%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (2.59%), Alembic Pharmaceuticals (2.36%), Reliance MediaWorks (1.66%), Trident (1.05%) and Ajanta Pharma (0.55%).

Sectors in Limelight

The Metal index was at 9,611.91, down by 98.09 points or by 1.01%. The major losers were JSW Steel (2.36%), Jindal Steel & Power (1.46%), Hindustan Zinc (0.78%), Coal India (0.17%) and Bhushan Steel (0.1%).

The Capital Goods index was at 9,487.92, down by 81.22 points or by 0.85%. The major losers were A I A Engineering (2.27%), Bharat Heavy Electricals (1.83%), Crompton Greaves (1.09%), Alstom India (0.44%) and A B B (0.01%).

The Power index was at 1,877.34, down by 13.03 points or by 0.69%. The major losers were Bharat Heavy Electricals (1.83%), Reliance Infrastructure (1.45%), Crompton Greaves (1.09%), Lanco Infratech (0.91%) and A B B (0.01%).

On the other hand, the IPO index was at 1,475.25, up by 7.00 points or by 0.48%. The major gainers were Bedmutha Industries (4.22%), Claris Lifesciences (4.02%), Commercial Engineers and Body Builders Company (2.17%), BS TransComm (1.66%) and Career Point (0.1%).

Market Breadth

Market breadth was positive with 914 advances against 763 declines.

Value and Volume Toppers

Axis Bank topped the value chart on the BSE with a turnover of Rs. 147.56 million. It was followed by United Spirits (Rs. 113.07 million), State Bank Of India (Rs. 107.95 million) and Tata Steel (Rs. 95.21 million).

The volume chart was led by Kingfisher Airlines with trades of over 2.11 million shares. It was followed by Housing Development and Infrastructure (1.01 million), I F C I (0.90 million) and Transgene Biotek (0.73 million).

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