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SENSEX DOWN 80 POINTS; GAIL, JINDAL STEEL, ICICI BANK DIP

Date: 04/04/2012

Indian equities continue to trade lower due to global weakness. Realty, metal and banking stocks led the decline.

At 11.59 a.m, the Sensex was trading down 80.12 points or 0.46% at 17,517.30 with 20 components falling. Meanwhile, the Nifty was trading lower by 30.15 points or 0.56% at 5,328.35 with 36 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 44.16 points or 0.25% at 17,553.26, while the broad based NSE Nifty started with a fall of 29.85 points or 0.56%, at 5,328.65.

Sensex Movers

I C I C I Bank contributed fall of 23.48 points in the Sensex. It was followed by Housing Development Finance Corporation (13.07 points), Reliance Industries (13.01 points), Larsen & Toubro (8.93 points) and Bharti Airtel (7.35 points).

However, Infosys contributed rise of 6.76 points in the Sensex. It was followed by Tata Consultancy Services (6.18 points), Bharat Heavy Electricals (5.81 points), Maruti Suzuki India (4.4 points) and Wipro (2.77 points).

Biggest gainers in the 30-share index were Bharat Heavy Electricals (2.20%), Maruti Suzuki India (1.87%), Tata Power Company (1.28%), Wipro (0.85%), Hindalco Industries (0.83%), and Tata Consultancy Services (0.75%).

On the other hand, G A I L (India) (2.93%), Jindal Steel & Power (2.65%), I C I C I Bank (1.91%), D L F (1.76%), Sterlite Industries (India) (1.51%), and Bharti Airtel (1.37%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 6468.87 down by 6.63 points or by 0.1%.
The major losers were Alok Industries (1.7%), A B G Shipyard (1%), Amtek India (0.47%), Aban Offshore (0.29%) and CORE Education and Technologies (0.09%).

Sectors in Limelight

The Realty index was at 1,791.37, down by 30.92 points or by 1.7%. The major losers were D B Realty (2.37%), Housing Development and Infrastructure (2.35%), D L F (1.76%), Anant Raj Industries (1.5%) and Oberoi Realty (0.66%).

The Metal index was at 11,371.88, down by 100.39 points or by 0.88%. The major losers were Jindal Steel & Power (2.65%), Bhushan Steel (1.18%), JSW Steel (0.76%), Coal India (0.57%) and Hindustan Zinc (0.35%).

The Bankex index was at 11,911.97, down by 103.79 points or by 0.86%. The major losers were I C I C I Bank (1.91%), Federal Bank (0.97%), H D F C Bank (0.58%), Canara Bank (0.31%) and Bank Of Baroda (0.21%).

On the other hand, the IT index was at 6,145.85, up by 32.17 points or by 0.53%. The major gainers were H C L Technologies (1.21%), Wipro (0.85%), Hexaware Technologies (0.83%), Tata Consultancy Services (0.75%) and Infosys (0.4%).

Market Breadth

Market breadth was negative with 1,219 advances against 1,277 declines.

Value and Volume Toppers

MindTree topped the value chart on the BSE with a turnover of Rs. 941.17 million. It was followed by State Bank Of India (Rs. 320.16 million), Bharat Heavy Electricals (Rs. 205.60 million) and Reliance Industries (Rs. 188.70 million).

The volume chart was led by Avance Technologies with trades of over 9.54 million shares. It was followed by Cals Refineries (7.30 million), Kingfisher Airlines (5.76 million) and Suzlon Energy (3.04 million).

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