NIFTY TRADES 1.4% LOWER; METAL, CG, POWER WORST HIT
Date: 09/04/2012
Indian equities continue to trade on a weak note due to relentless selling activity seen by foreign funds. Metal, capital goods and power stocks were badly hit.
Sensex was trading down 228.52 points or 1.31% at 17,257.50 with 23 components falling. Meanwhile, the Nifty was trading lower by 74.55 points or 1.40% at 5,248.35 with 41 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 78.36 points or 0.45% at 17,407.66, while the broad based NSE Nifty started with a fall of 40.40 points or 0.76%, at 5,282.50.
Sensex Movers
I C I C I Bank contributed fall of 25.61 points in the Sensex. It was followed by Larsen & Toubro (24.25 points), Housing Development Finance Corporation (22.18 points), Infosys (20.56 points) and Reliance Industries (19.42 points).
However, Hindustan Unilever contributed rise of 3.4 points in the Sensex. It was followed by D L F (0.7 points), Bharti Airtel (0.56 points), Tata Consultancy Services (0.48 points) and Tata Power Company (0.2 points).
Major gainers in the 30-share index were D L F (0.69%), Hindustan Unilever (0.65%), Bajaj Auto (0.64%), Cipla (0.41%), Bharti Airtel (0.11%), and Tata Power Company (0.10%).
On the other hand, Hindalco Industries (3.91%), Bharat Heavy Electricals (3.27%), Jindal Steel & Power (3.12%), Sterlite Industries (India) (2.94%), Larsen & Toubro (2.85%), and Tata Steel (2.60%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-1.03% and -0.41% respectively.
The major losers in the BSE Midcap were Aban Offshore (3.67%), Alstom Projects India (2.59%), Allcargo Logistics (1.45%), Alok Industries (1.23%) and CORE Education and Technologies (0.95%).
The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (2.94%), Aanjaneya Lifecare (1.44%), Action Construction Equipment (1.08%), Ahmednagar Forgings (1.05%) and Adhunik Metaliks (0.55%).
The major losers in the BSE Midcap were Aban Offshore (3.67%), Alstom Projects India (2.59%), Allcargo Logistics (1.45%), Alok Industries (1.23%) and CORE Education and Technologies (0.95%).
The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (2.94%), Aanjaneya Lifecare (1.44%), Action Construction Equipment (1.08%), Ahmednagar Forgings (1.05%) and Adhunik Metaliks (0.55%).
Sectors in Limelight
The Metal index was at 11,051.51, down by 303.76 points or by 2.68%. The major losers were Hindalco Industries (3.91%), Bhushan Steel (3.29%), Jindal Steel & Power (3.12%), Hindustan Zinc (1.75%) and Coal India (0.82%).
The Capital Goods index was at 10,087.62, down by 271.21 points or by 2.62%. The major losers were Bharat Heavy Electricals (3.27%), Alstom Projects India (2.59%), A B B (2%), BEML (1.88%) and Bharat Electronics (1.03%).
The Power index was at 2,113.20, down by 44.92 points or by 2.08%. The major losers were Bharat Heavy Electricals (3.27%), Reliance Infrastructure (3.11%), Crompton Greaves (2.27%), A B B (2%) and Adani Power (1.79%).
The Bankex index was at 11,727.99, down by 197.09 points or by 1.65%. The major losers were Canara Bank(2.61%), Bank Of India (1.97%), Federal Bank (1.2%), H D F C Bank (0.71%) and Bank Of Baroda (0.54%).
Market Breadth
Market breadth was negative with 1,019 advances against 1,487 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 324.94 million. It was followed by Britannia Industries (Rs. 241.06 million), Max India (Rs. 198.73 million) and Infosys (Rs. 196.33 million).
The volume chart was led by Avance Technologies with trades of over 13.16 million shares. It was followed by Kingfisher Airlines (4.75 million), Cals Refineries (3.06 million) and Suzlon Energy (3.01 million).
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