Sensex flat with negative bias; Wipro, TCS, RIL plunge
Published: 18th September 2012 02:18 PM
Last Updated: 18th September 2012 02:18 PM
Indian equities continue to trade on flat noteon Tuesday. Profit
booking was seen in oil & gas, IT and metal stocks, while PSU
gained the most.At 12.53 p.m., the Sensex was trading down 25.99
points or 0.14% at 18,516.32 with 17 components falling. Meanwhile,
the Nifty was trading lower by 7.55 points or 0.13% at 5,602.45
with 24 components falling. European stocks declined amid mounting
concern that rising sovereign-bond yields will force Spain to seek
external aid. U.S. index futures and Asian shares were little
The 30-share benchmark index, BSE Sensex opened with a decline
of 27.59 points or 0.15% at 18,514.72, while the broad based NSE
Nifty started with a fall of 7.60 points or 0.14%, at 5,602.40.
Reliance Industries contributed fall of 36.64 points in the
Sensex. It was followed by Housing Development Finance Corporation
(26.6 points), Tata Consultancy Services (23.3 points), ICICI Bank
(14.21 points) and Wipro (9.88 points).
However, Infosys contributed rise of 28.08 points in the Sensex.
It was followed by ITC (26.42 points), State Bank Of India (15.19
points), Bharat Heavy Electricals (7.34 points) and Mahindra &
Mahindra (6.94 points).
Major gainers in the 30-share index were Bharat Heavy
Electricals (3.54%), State Bank Of India (2.43%), GAIL (India)
(2.40%), Infosys (1.85%), Jindal Steel & Power (1.81%), and
Mahindra & Mahindra (1.64%).
On the other hand, Wipro (3.49%), Tata Consultancy Services
(2.38%), Reliance Industries (2.07%), Housing Development Finance
Corporation (1.91%), Hindalco Industries (1.66%), and Tata Motors
(1.28%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.88% and 0.77% respectively. The major
gainers in the BSE Midcap were Amtek Auto (3.12%), Alok Industries
(2.52%), Aban Offshore (1.76%), Alstom India (1.32%) and ABG
Shipyard (0.04%).The major gainers in the BSE Smallcap were Action
Construction Equipment (4.9%), A2Z Maintenance & Engineering
Services (1.69%), Styrolution ABS (India) (1.41%), Trident (0.69%)
and Aanjaneya Lifecare (0.28%).
Sectors in Limelight
The PSU index was at 7,325.83, up by 79.31 points or by 1.09%.
The major gainers were Allahabad Bank(5.71%), Andhra Bank (5.13%),
Bank Of India (4.45%), Bank Of Baroda (1.98%) and Balmer Lawrie
& Company (0.26%).
The Power index was at 1,940.46, up by 18.71 points or by 0.97%.
The major gainers were Bharat Heavy Electricals (3.54%), Crompton
Greaves (1.87%), Adani Power (1.54%), Reliance Infrastructure
(1.43%) and ABB (0.44%).
The Capital Goods index was at 10,505.36, up by 87.06 points or
by 0.84%. The major gainers were Bharat Heavy Electricals (3.54%),
BEML (2.13%), Alstom India (1.32%), ABB (0.44%) and Bharat
On the other hand, the Oil & Gas index was at 8,795.36, down
by 91.38 points or by 1.03%. The major losers were Cairn India
(2.9%), Reliance Industries (2.07%), Oil India (0.49%) and Petronet
Market breadth was positive with 1,619 advances against 1,077
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 998.12 million. It was followed by United Spirits
(Rs. 506.49 million), IFCI (Rs. 358.97 million) and Housing
Development and Infrastructure (Rs. 293.17 million).
The volume chart was led by Kingfisher Airlines with trades of
over 14.12 million shares. It was followed by IFCI (11.20 million),
Spicejet (5.23 million) and Lanco Infratech (5.18 million).