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SENSEX FLAT IN EARLY TRADE

Date: 10/04/2012

Indian equities dropped in early trade on Friday erasing earlier gains. The 30-share benchmark index, BSE Sensex opened with a decline of 100.06 points or 0.58% at 17,232.56, while the broad based NSE Nifty started with a fall of 21.15 points or 0.40%, at 5,255.70.

At 09.21 a.m., the Sensex was trading up 33.06 points or 0.19% at 17,365.68 with 26 components gaining. Meanwhile, the Nifty was trading higher by 13.35 points or 0.25% at 5,290.20 with 45 components gaining.

Sensex Movers

I T C contributed rise of 33.94 points in the Sensex. It was followed by Reliance Industries (22.85 points), I C I C I Bank (20.56 points), State Bank Of India (15.45 points) and H D F C Bank (10.69 points).

However, Tata Consultancy Services contributed fall of 30.72 points in the Sensex. It was followed by Wipro (2.54 points), Oil & Natural Gas Corporation (0.27 points), Infosys (0 points) and Reliance Infrastructure (1.33 points).

Major gainers in the 30-share index were I T C (2.31%), Sun Pharmaceutical Industries (2.21%), State Bank Of India (2.11%), G A I L (India) (1.90%), Tata Power Company (1.84%), and Sterlite Industries (India) (1.74%).

On the other hand, Infosys Technologies (9.41%), Tata Consultancy Services (3.75%), Wipro (0.79%), and Oil & Natural Gas Corporation (0.04%) were the major losers in the Sensex.

Sectors in Limelight

The Metal index was at 11,084.19, up by 128.06 points or by 1.17%. The major gainers were Coal India (1.49%), Hindustan Zinc (1.34%), Hindalco Industries (1.09%), Jindal Steel & Power (1.04%) and Bhushan Steel (0.26%).

The Auto index was at 10,212.90, up by 102.62 points or by 1.02%. The major gainers were Hero Motocorp (1.61%), Apollo Tyres (1.19%), Ashok Leyland (1.18%), Bajaj Auto (1.16%) and Exide Industries (0.4%).

The Power index was at 2,123.39, up by 21.52 points or by 1.02%. The major gainers were Reliance Infrastructure (1.42%), Crompton Greaves (1.33%), Bharat Heavy Electricals (1.25%), A B B (1.03%) and Adani Power (0.84%).

On the other hand, the IT index was at 5,496.79, down by 426.29 points or by 7.2%. The major losers were Infosys (9.41%), H C L Technologies (1.5%), Oracle Financial Services Software (0.42%), Hexaware Technologies (0.37%) and Mphasis (0.06%).

Market Breadth

Market breadth was negative with 644 advances against 244 declines.

Value and Volume Toppers

Infosys topped the value chart on the BSE with a turnover of Rs. 510.85 million. It was followed by State Bank Of India (Rs. 78.52 million), Tata Consultancy Services (Rs. 54.76 million) and I V R C L (Rs. 29.64 million).

The volume chart was led by I V R C L with trades of over 0.40 million shares. It was followed by Kingfisher Airlines (0.32 million), Unitech (0.23 million) and Development Credit Bank (0.22 million).

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