Sensex opens 55 points lower; Mid & small-caps outperform

11th September 2012 10:18 AM

Indian markets opened lower on Tuesday tracking weak global markets. The 30-share benchmark index, BSE Sensex opened with a decline of 54.98 points or 0.31% at 17,711.80, while the broad based NSE Nifty started with a fall of 27.35 points or 0.51%, at 5,336.10.

At 9.23., the Sensex was trading down 48.67 points or 0.27% at 17,718.11 with 20 components falling. Meanwhile, the Nifty was trading lower by 20.75 points or 0.39% at 5,342.70 with 38 components falling.

Sensex Movers

Infosys contributed fall of 11.06 points in the Sensex. It was followed by Reliance Industries (8.76 points), Larsen & Toubro (7.55 points), H D F C Bank (7.22 points) and Sterlite Industries (India) (5.8 points).

However, I T C contributed rise of 5.47 points in the Sensex. It was followed by Oil & Natural Gas Corporation (4.01 points), Sun Pharmaceutical Industries (3.98 points), NTPC (0.68 points) and Wipro (0.59 points).

Biggest gainers in the 30-share index were Sun Pharmaceutical Industries (1.22%), Dr Reddy"S Laboratories (0.65%), Oil & Natural Gas Corporation (0.58%), G A I L (India) (0.57%), Cipla (0.52%), and I T C (0.32%).

On the other hand, Sterlite Industries (India) (3.31%), Hero Motocorp (1.40%), Hindalco Industries (1.06%), Jindal Steel & Power (1.04%), Tata Steel (0.92%), and Larsen & Toubro (0.85%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.03% and 0.16% respectively. The major gainers in the BSE Midcap were CORE Education and Technologies (1.76%), Arvind (1.27%), Amtek Auto (1.09%), Hexaware Technologies (0.57%) and Apollo Hospitals Enterprise (0.01%).The major gainers in the BSE Smallcap were Action Construction Equipment (1.93%), Aarti Industries (0.95%), A2Z Maintenance & Engineering Services (0.56%), Aanjaneya Lifecare (0.23%) and Styrolution ABS (India) (0.12%).

Sectors in Limelight

The Metal index was at 9,795.25, down by 111.62 points or by 1.13%. The major losers were Sesa Goa (4.24%), JSW Steel (1.25%), Hindalco Industries (1.06%), Jindal Steel & Power (1.04%) and Coal India (0.55%).

The Realty index was at 1,530.40, down by 9.5 points or by 0.62%. The major losers were D B Realty (1.98%), D L F (1.09%), Anant Raj Industries (0.11%), Indiabulls Real Estate (0.11%) and Godrej Properties (0.05%).

The Capital Goods index was at 9,483.20, down by 53.53 points or by 0.56%. The major losers were BEML (1.54%), Crompton Greaves (0.81%), Alstom India (0.8%), Bharat Heavy Electricals (0.66%) and Havell"S India (0.34%).

On the other hand, the Consumer Durables index was at 6,478.76, up by 16.75 points or by 0.26%. The major gainers were Blue Star (0.88%), Rajesh Exports (0.59%), T T K Prestige (0.46%), Videocon Industries (0.29%) and Whirlpool Of India (0.21%).

Market Breadth

Market breadth was positive with 515 advances against 455 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 29.55 million. It was followed by State Bank Of India (Rs. 27.99 million), Sesa Goa (Rs. 27.29 million) and ARSS Infrastructure Projects (Rs. 15.36 million).

The volume chart was led by ARSS Infrastructure Projects with trades of over 0.33 million shares. It was followed by Astra Microwave Products (0.23 million), Singer India (0.18 million) and Sesa Goa (0.17 million).

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