STOCK FUTURE TIPS 08 JUN 2012

SENSEX DIPS 94 POINTS; STERLITE, GAIL, HUL RALLY

DATE: 08/06/2012       

Indian markets continue to trade on a subdued note amid volatility due to weakness seen in global markets. IT stocks fell the most followed by consumer durables and banking, while realty and capital goods gained.  

Sensex was trading down 93.90 points or 0.56% at 16,555.15 with 21 components falling. Meanwhile, the Nifty was trading lower by 31.20 points or 0.62% at 5,018.45 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 29.33 points in the Sensex. It was followed by I C I C I Bank (19.67 points), Oil & Natural Gas Corporation (14.36 points), Tata Consultancy Services (8.85 points) and State Bank Of India (6.6 points).

However, Hindustan Unilever contributed rise of 7.15 points in the Sensex. It was followed by Sterlite Industries (India) (5.18 points), Larsen & Toubro (3.51 points), Reliance Infrastructure (3.25 points) and Bharti Airtel (3.13 points).

Major gainers in the 30-share index were Sterlite Industries (India) (3.03%), G A I L (India) (1.51%), Hindustan Unilever (1.28%), Bharti Airtel (0.63%), Bharat Heavy Electricals (0.48%), and Larsen & Toubro (0.45%).

On the other hand, Oil & Natural Gas Corporation (2.21%), Infosys Technologies (2.04%), I C I C I Bank (1.77%), Maruti Suzuki India (1.57%), Bajaj Auto (1.30%), and Cipla (1.28%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 5960.22 down by 15.01 points or by 0.25%.
The major losers were Apollo Hospitals Enterprise (1.55%), Aban Offshore (1.45%), A I A Engineering (1.15%), Alok Industries (0.8%) and Alstom Projects India (0.51%).

Sectors in Limelight

The IT index was at 5,588.04, down by 71.33 points or by 1.26%. The major losers were Infosys (2.04%), Tata Consultancy Services (1%), Wipro (0.42%) and H C L Technologies (0.33%).

The Bankex index was at 11,354.79, down by 100.7 points or by 0.88%. The major losers were I C I C I Bank (1.77%), Bank Of India (1.44%), Bank Of Baroda (0.98%), Canara Bank (0.61%) and H D F C Bank (0.26%).

The TECk index was at 3,251.05, down by 27.8 points or by 0.85%. The major losers were G T L (1.94%), D B Corp (1.04%), G T L Infrastructure (0.62%), Dish TV India (0.09%) and Idea Cellular (0.06%).

On the other hand, the Capital Goods index was at 9,360.20, up by 40.55 points or by 0.44%. The major gainers were Bharat Electronics (1.53%), A B B (0.71%), Bharat Heavy Electricals (0.48%), Havell`S India (0.46%) and Larsen & Toubro (0.45%).

Market Breadth

Market breadth was negative with 1,116 advances against 1,339 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 508.09 million. It was followed by Larsen & Toubro (Rs. 377.14 million), Reliance Capital (Rs. 375.66 million) and Reliance Infrastructure (Rs. 348.12 million).

The volume chart was led by Cals Refineries with trades of over 7.90 million shares. It was followed by Housing Development and Infrastructure (3.88 million), Suzlon Energy (3.28 million) and Lanco Infratech (2.40 million).

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