SENSEX TRADES FLAT; REALTY, METAL & BANKEX DOWN
Date: 04/04/2012
Indian
markets dropped on Wednesday erasing earlier gains. At 10.01 a.m., the Sensex
was trading down 83.64 points or 0.48% at 17,513.78
with 24 components falling. Meanwhile, the Nifty was
trading lower by 28.80 points or 0.54% at 5,329.70 with 41 components falling.
The
30-share benchmark index, BSE Sensex opened with a decline of 44.16 points or
0.25% at 17,553.26, while the broad based NSE Nifty
started with a fall of 29.85 points or 0.56%, at 5,328.65.
Sensex Movers
I C I C
I Bank contributed fall of 17.79 points in the Sensex. It was followed by
Housing Development Finance Corporation (11.95 points),
H D F C Bank (8.39 points), Larsen & Toubro (8.3 points) and State Bank Of India (6.91 points).
However,
Bharat Heavy Electricals contributed rise of 4.95 points in the Sensex. It was
followed by Tata Power Company (4.77 points), Oil & Natural
Gas Corporation (3.65 points), Maruti Suzuki India (3.54 points) and
Infosys (2.97 points).
Biggest
gainers in the 30-share index were Tata Power Company (2.37%), Bharat Heavy
Electricals (1.87%), Maruti Suzuki India (1.51%), Wipro (0.78%), Oil &
Natural Gas Corporation (0.53%), and Infosys Technologies (0.18%).
On the other hand, G A I L (India) (3.04%), Jindal Steel &
Power (1.93%), I C I C I Bank (1.45%), D L F (1.26%), Cipla (1.25%), and Coal
India (1.18%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE
Mid and small caps outperformed their larger counterparts gaining 0.02% and
0.30% respectively.
The major gainers in the BSE Midcap were Allcargo Logistics (2.61%), A I A
Engineering (1.61%), Alstom Projects India (1.55%), Aban Offshore (0.61%) and
Alfa-Laval (India) (0.33%).
The major gainers in the BSE Smallcap were A B G Infralogistics (2.5%), Adhunik
Metaliks (0.99%), Aanjaneya Lifecare (0.52%), Advanta India (0.38%) and A2Z
Maintenance & Engineering Services (0.04%).
Sectors in Limelight
The
Realty index was at 1,803.13, down by 19.16 points or by 1.05%. The major
losers were Housing Development and Infrastructure (1.43%), D B Realty (1.41%),
D L F (1.26%), Anant Raj Industries (1.08%) and Godrej Properties (0.47%).
The
Metal index was at 11,359.47, down by 112.8 points or by 0.98%. The major
losers were Jindal Steel & Power (1.93%), Coal India (1.18%), Bhushan Steel
(0.71%), Hindalco Industries (0.42%) and Hindustan Zinc (0.04%).
The
Bankex index was at 11,928.15, down by 87.61 points or by 0.73%. The major
losers were I C I C I Bank (1.45%), IDBI Bank (0.75%),
H D F C Bank (0.72%), Canara Bank (0.35%) and Indusind Bank (0.35%).
On the
other hand, the Power index was at 2,163.15, up by 14.04 points or by 0.65%.
The major gainers were Adani Power (3.84%), JSW Energy (2.4%), Bharat Heavy
Electricals (1.87%), GVK Power & Infrastructure (0.28%) and PTC India
(0.22%).
Market Breadth
Market
breadth was negative with 919 advances against 871 declines.
Value and Volume Toppers
MindTree
topped the value chart on the BSE with a turnover of
Rs. 938.22 million. It was followed by State Bank Of India (Rs. 156.57
million), Future Capital Holdings (Rs. 121.64 million) and Pantaloon
Retail (India) (Rs. 105.40 million).
The
volume chart was led by Avance Technologies with trades of over 9.44 million
shares. It was followed by Kingfisher Airlines (4.38 million), Cals Refineries
(2.06 million) and MindTree (1.87 million).
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