SHARE MARKET TIPS 07 JUN 2012

SENSEX OFF DAY`S HIGH; REALTY, METAL, BANKEX RISE

DATE: 07/06/2012       

Indian markets pared most of its initial gains due to profit booking seen in index pivotals. Realty, banking and metal stocks gained, while consumer durables declined.

Sensex was trading up 67.63 points or 0.41% at 16,521.93 with 19 components gaining. Meanwhile, the Nifty was trading higher by 15.60 points or 0.31% at 5,012.70 with 24 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 123.71 points or 0.75% at 16,578.01, while the broad based NSE Nifty started with a rise of 38.25 points or 0.77%, at 5,035.35.

Sensex Movers

Infosys contributed rise of 25.83 points in the Sensex. It was followed by Reliance Industries (18.82 points), H D F C Bank (17.86 points), I C I C I Bank (14.33 points) and Hindustan Unilever (3.92 points).

However, Tata Consultancy Services contributed fall of 12.92 points in the Sensex. It was followed by I T C (5.39 points), Larsen & Toubro (3.77 points), Wipro (3.65 points) and Mahindra & Mahindra (3.61 points).

Major gainers in the 30-share index were Sterlite Industries (India) (2.08%), Infosys Technologies (1.80%), Hero Motocorp (1.69%), D L F (1.67%), H D F C Bank (1.57%), and Maruti Suzuki India (1.42%).

On the other hand, Tata Consultancy Services (1.46%), Wipro (1.20%), Mahindra & Mahindra (0.98%), Larsen & Toubro (0.49%), Bharti Airtel (0.49%), and Hindalco Industries (0.41%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap and Smallcap index rose 0.22% and 0.29% respectively. 

Sectors in Limelight

The Realty index was at 1,609.78, up by 16.47 points or by 1.03%. The major gainers were D L F (1.67%), Housing Development and Infrastructure (0.83%), D B Realty (0.73%), Sunteck Realty (0.64%) and Oberoi Realty (0.04%).

The Metal index was at 10,223.51, up by 87.90 points or by 0.87%. The major gainers were Sesa Goa (1.99%), Jindal Steel & Power (1.24%), Hindustan Zinc (1.01%), Coal India (0.96%) and NMDC (0.42%).

The Bankex index was at 11,310.86, up by 92.08 points or by 0.82%. The major gainers were H D F C Bank (1.57%), I C I C I Bank (1.29%), Union Bank Of India (0.92%), Indusind Bank (0.4%) and State Bank Of India (0.03%).

On the other hand, the Consumer Durables index was at 6,007.25, down by 55.83 points or by 0.92%. The major losers were Titan Industries (2.32%), Rajesh Exports (0.55%), Gitanjali Gems (0.21%), Videocon Industries (0.09%) and Blue Star (0.03%).

Market Breadth

Market breadth was negative with 1,259 advances against 1,047 declines.

Value and Volume Toppers

H C L Technologies topped the value chart on the BSE with a turnover of Rs. 1,374.16 million. It was followed by State Bank Of India (Rs. 578.62 million), Reliance Industries (Rs. 392.95 million) and Larsen & Toubro (Rs. 241.41 million).

The volume chart was led by Cals Refineries with trades of over 3.78 million shares. It was followed by Kingfisher Airlines (3.69 million), Lanco Infratech (3.53 million) and Sybly Industries (3.26 million).

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