Golden Investment Research Private Limited
Sensex volatile; broader markets outperform
Date : 01.02.2012
The market continued to trade lower with moderate losses amid volatility, weighed down by technology and banks stocks. However, buying in auto stocks and Reliance limited the downside. The BSE benchmark dropped 56.3 points to 17,137.25 and the NSE benchmark declined 17 points to 5,182.20.
Shares of Coal India, Sesa Goa, BPCL, ONGC, ICICI Bank, HDFC and DLF were biggest losers, falling 2-2.5%.
Infosys, ITC, Bharti, TCS, Sterlite and DLF were down 1-1.5%;
However, Tata Power, Hero Motocorp, M&M, Jindal Steel and Maruti Suzuki topped the buying list, rising 2-3.6%.
Index heavyweights Reliance Industries and L&T were up 0.6-1% while SBI fell 0.44%.
The market breadth was positive; about two shares advanced for every share falling on the BSE.
In the second line shares, Financial Tech, Aban Offshore, Essar Ports, ABG Shipyard and KSK Energy Ventures gained 5-7% while Vaarad Ventures, Blue Dart, PTC India, S Mobility and Phoenix Mills fell 3-5%.
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