SENSEX TRADES DOWN 132 POINTS; METAL, BANKEX, OIL & GAS DRAG
Date: 11/04/2012
Indian markets dropped in early trade on Wednesday. Sensex was trading down 132.56 points or 0.77% at 17,111.28 with 26 components falling. Meanwhile, the Nifty was trading lower by 38.35 points or 0.73% at 5,205.25 with 45 components falling.
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 Movers
Reliance Industries contributed fall of 22.83 points in the Sensex. It was followed by I C I C I Bank (15.93 points), H D F C Bank (14.27 points), I T C (12.98 points) and State Bank Of India (9.06 points).
However, Infosys contributed rise of 1.87 points in the Sensex. It was followed by Tata Motors (1.8 points), Mahindra & Mahindra (1.19 points), Hindalco Industries (0.33 points) and NTPC (0.4 points).
Biggest gainers in the 30-share index were Cipla (0.47%), Tata Motors (0.32%), Mahindra & Mahindra (0.32%), and Infosys Technologies (0.12%).
On the other hand, Sterlite Industries (India) (2.49%), Jindal Steel & Power (2.09%), Reliance Industries (1.45%), I C I C I Bank (1.33%), Bharat Heavy Electricals (1.27%), and Coal India (1.26%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.43% and -0.28% respectively.
The major losers in the BSE Midcap were Aban Offshore (1.3%), Alstom Projects India (1.24%), Alok Industries (1.24%), A B G Shipyard (1.15%) and Amara Raja Batteries (0.23%).
The major losers in the BSE Smallcap were Advanta India (2.95%), A2Z Maintenance & Engineering Services (2.77%), Reliance MediaWorks (2.12%), Adhunik Metaliks (2%) and Trident (1.7%).
The major losers in the BSE Midcap were Aban Offshore (1.3%), Alstom Projects India (1.24%), Alok Industries (1.24%), A B G Shipyard (1.15%) and Amara Raja Batteries (0.23%).
The major losers in the BSE Smallcap were Advanta India (2.95%), A2Z Maintenance & Engineering Services (2.77%), Reliance MediaWorks (2.12%), Adhunik Metaliks (2%) and Trident (1.7%).
Sectors in Limelight
The Metal index was at 10,715.89, down by 150.88 points or by 1.39%. The major losers were Jindal Steel & Power (2.09%), Coal India (1.26%), Hindustan Zinc (0.86%), Bhushan Steel (0.31%) and Hindalco Industries (0.16%).
The Bankex index was at 11,633.49, down by 132.53 points or by 1.13%. The major losers were Bank Of India(1.28%), H D F C Bank (1.24%), Bank Of Baroda (1.17%), Canara Bank (1.1%) and Federal Bank (0.16%).
The Oil & Gas index was at 7,887.24, down by 82.06 points or by 1.03%. The major losers were Cairn India (1.48%), Oil India (1.1%), G A I L (India) (0.83%), Oil & Natural Gas Corporation (0.74%) and Gujarat State Petronet (0.07%).
On the other hand, the HC index was at 6,615.69, up by 27.90 points or by 0.42%. The major gainers were Cadila Healthcare (1.22%), Divis Laboratories (1.01%), Apollo Hospitals Enterprise (1%), Cipla (0.47%) and Dr Reddy`S Laboratories (0.39%).
Market Breadth
Market breadth was negative with 695 advances against 1,025 declines.
Value and Volume Toppers
Housing Development Finance Corporation topped the value chart on the BSE with a turnover of Rs. 336.25 million. It was followed by Indraprastha Gas (Rs. 274.33 million), Godrej Consumer Products (Rs. 221.94 million) and Shriram Transport Finance Company (Rs. 182.54 million).
The volume chart was led by Kingfisher Airlines with trades of over 7.20 million shares. It was followed by Spicejet (4.36 million), Avance Technologies (2.35 million) and Cals Refineries (1.68 million).
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