SENSEX TUMBLES 135 PTS IN OPENING TRADE
Date: 11/04/2012
Indian equities dropped in early trade on Wednesday erasing earlier gains. The 30-share benchmark index, BSE Sensex opened with a decline of 117.88 points or 0.68% at 17,125.96, while the broad based NSE Nifty started with a fall of 34.15 points or 0.65%, at 5,209.45.
Sensex was trading down 134.97 points or 0.78% at 17,108.87 with 29 components falling. Meanwhile, the Nifty was trading lower by 38.05 points or 0.73% at 5,205.55 with 50 components falling.
Sensex Movers
Infosys contributed fall of 20.17 points in the Sensex. It was followed by I C I C I Bank (14.62 points), Reliance Industries (13.74 points), H D F C Bank (12.84 points) and Larsen & Toubro (11.49 points).
However, Tata Power Company contributed rise of 0.09 points in the Sensex. It was followed by NTPC (0.6 points), D L F (0.89 points), Reliance Communications (1.2 points) and Maruti Suzuki India (1.21 points).
Major gainer in the 30-share index was Cipla (0.64%).
On the other hand, Sterlite Industries (India) (2.21%), Hindalco Industries (1.60%), Jindal Steel & Power (1.53%), Bharat Heavy Electricals (1.43%), Tata Steel (1.40%), and Larsen & Toubro (1.33%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.39% and -0.03% respectively.
The major losers in the BSE Midcap were Amara Raja Batteries (5.85%), Aban Offshore (1.23%), Alstom Projects India (1.04%), Alok Industries (0.99%) and A B G Shipyard (0.8%).
The major losers in the BSE Smallcap were Ahluwalia Contracts (India) (8.39%), Aegis Logistics (3.29%), Advanta India (2.73%), A2Z Maintenance & Engineering Services (1.76%) and Reliance MediaWorks (1.21%).
The major losers in the BSE Midcap were Amara Raja Batteries (5.85%), Aban Offshore (1.23%), Alstom Projects India (1.04%), Alok Industries (0.99%) and A B G Shipyard (0.8%).
The major losers in the BSE Smallcap were Ahluwalia Contracts (India) (8.39%), Aegis Logistics (3.29%), Advanta India (2.73%), A2Z Maintenance & Engineering Services (1.76%) and Reliance MediaWorks (1.21%).
Sectors in Limelight
The Metal index was at 10,682.23, down by 184.54 points or by 1.7%. The major losers were JSW Steel (1.7%), Hindalco Industries (1.6%), Jindal Steel & Power (1.53%), Hindustan Zinc (1.49%) and Coal India (0.95%).
The Capital Goods index was at 9,811.63, down by 124.76 points or by 1.26%. The major losers were BEML (2.34%), Bharat Heavy Electricals (1.43%), Alstom Projects India (1.04%), Havell`S India (0.93%) and Crompton Greaves (0.83%).
The Bankex index was at 11,635.08, down by 130.94 points or by 1.11%. The major losers were Bank Of Baroda(1.57%), Bank Of India (1.3%), Canara Bank (1.21%), H D F C Bank (1.12%) and Federal Bank (0.61%).
The Realty index was at 1,773.88, down by 17.11 points or by 0.96%. The major losers were Housing Development and Infrastructure (1.99%), Anant Raj Industries (1.52%), D L F (0.88%), D B Realty (0.88%) and Godrej Properties (0.51%).
Market Breadth
Market breadth was negative with 280 advances against 620 declines.
Value and Volume Toppers
Godrej Consumer Products topped the value chart on the BSE with a turnover of Rs. 217.90 million. It was followed by Shriram Transport Finance Company (Rs. 180.82 million), Indraprastha Gas (Rs. 73.36 million) and Kingfisher Airlines (Rs. 48.07 million).
The volume chart was led by Kingfisher Airlines with trades of over 2.47 million shares. It was followed by Spicejet (1.13 million), Cals Refineries (1.00 million) and Avance Technologies (0.62 million).
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