STOCK FUTURE TIPS 08 JUN 2012

SENSEX TRADES DOWN 80 PTS; MARUTI SUZUKI, ONGC, INFOSYS FALL

DATE: 08/06/2012       

Indian equities dropped on Friday erasing earlier gains. Sensex was trading down 79.84 points or 0.48% at 16,569.21 with 22 components falling. Meanwhile, the Nifty was trading lower by 22.45 points or 0.44% at 5,027.20 with 40 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 37.53 points or 0.23% at 16,611.52, while the broad based NSE Nifty started with a fall of 5.40 points or 0.11%, at 5,044.25.

Sensex Movers

Infosys contributed fall of 23.98 points in the Sensex. It was followed by Oil & Natural Gas Corporation (11.77 points), Reliance Industries (10.56 points), I C I C I Bank (10.01 points) and Tata Consultancy Services (9.79 points).

However, Larsen & Toubro contributed rise of 9.36 points in the Sensex. It was followed by Hindustan Unilever (8.35 points), H D F C Bank (2.34 points), Wipro (2.28 points) and Tata Steel (2.28 points).

Biggest gainers in the 30-share index were Hindustan Unilever (1.49%), Larsen & Toubro (1.21%), G A I L (India) (0.98%), Wipro (0.75%), Tata Steel (0.68%), and Bharti Airtel (0.38%).

On the other hand, Maruti Suzuki India (1.82%), Oil & Natural Gas Corporation (1.81%), Infosys Technologies (1.66%), Bajaj Auto (1.30%), Tata Consultancy Services (1.10%), and NTPC (1.06%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-0.31% and -0.20% respectively.

The major losers in the BSE Midcap were Aban Offshore (1.54%), Alstom Projects India (1.1%), Alok Industries (0.8%), A I A Engineering (0.34%) and A B G Shipyard (0.3%).

The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (1.4%), Genesys International Corporation (1.22%), Adhunik Metaliks (0.44%), Ahmednagar Forgings (0.38%) and Trident (0.31%).

Sectors in Limelight

The Consumer Durables index was at 5,972.09, down by 67.86 points or by 1.12%. The major losers were Rajesh Exports (5.11%), V I P Industries (1.34%), Titan Industries (1.17%), C.Mahendra Exports (0.65%) and Gitanjali Gems (0.26%).

The Oil & Gas index was at 7,674, down by 68.89 points or by 0.89%. The major losers were Oil & Natural Gas Corporation (1.81%), Cairn India (1.76%), Gujarat State Petronet (0.91%), Bharat Petroleum Corporation (0.39%) and Oil India (0.32%).

The IT index was at 5,608.98, down by 50.39 points or by 0.89%. The major losers were Infosys (1.66%), Tata Consultancy Services (1.1%), Financial Technologies (India) (0.72%), Oracle Financial Services Software (0.71%) and H C L Technologies (0.25%).

On the other hand, the Capital Goods index was at 9,369.09, up by 49.44 points or by 0.53%. The major gainers were Bharat Electronics (2.46%), Havell`S India (1.91%), Larsen & Toubro (1.21%), Siemens (0.21%) and Pipavav Defence and Offshore Engineering Company (0.18%).

Market Breadth

Market breadth was negative with 936 advances against 904 declines.

Value and Volume Toppers

Larsen & Toubro topped the value chart on the BSE with a turnover of Rs. 186.08 million. It was followed by State Bank Of India (Rs. 174.41 million), Reliance Capital (Rs. 162.42 million) and Wockhardt (Rs. 132.41 million).

The volume chart was led by Cals Refineries with trades of over 5.72 million shares. It was followed by Bampsl Securities (2.02 million), Delta Corp (1.30 million) and Suzlon Energy (1.18 million).

POWERED BY: ECONOMIC TIMES

www.goldennifty.com