SENSEX FALLS OVER 100 POINTS; TATA MOTORS WORST
PERFORMER
DATE: 30/05/2012
Indian equities declined further tracking
weak global markets. Auto stocks were worst performers followed
by banking and realty. Tata Motors plunged over 8% following its Q4
results. The stock came under pressure after margins from Jaguar Land Rover (JLR) fell short of estimates
in the March quarter.
Sensex was trading
down 106.09 points or 0.65% at 16,332.49 with 20 components falling.
Meanwhile, the Nifty was trading lower by 32.20 points or 0.65% at 4,957.90
with 38 components falling.
The 30-share benchmark
index, BSE Sensex opened with a decline of 46.68 points or 0.28% at 16,391.90,
while the broad based NSE Nifty started with a fall of
25.85 points or 0.52%, at 4,964.25.
Sensex Movers
Tata Motors
contributed fall of 49.29 points in the Sensex. It was followed by HDFC Bank
(14.58 points), I C I C I Bank (11.8 points), State Bank Of India (10.94
points) and Housing Development Finance Corporation
(8.1 points).
However, I T C
contributed rise of 9.21 points in the Sensex. It was followed by Infosys (8.19
points), Oil & Natural Gas Corporation (4.88 points), Sun Pharmaceutical
Industries (4.55 points) and Wipro (2.86 points).
Biggest gainers in the
30-share index were Sun Pharmaceutical Industries (1.56%), Tata Power Company
(1.34%), Wipro (0.99%), Maruti Suzuki India (0.80%), Oil & Natural Gas
Corporation (0.76%), and NTPC (0.62%).
On the other hand,
Tata Motors (8.34%), Bharat Heavy Electricals (2.02%), D L F (1.86%), State
Bank Of India (1.74%), H D F C Bank (1.29%), and I C I C I Bank (1.05%) were
the biggest losers in the Sensex.
Mid & Small-cap
Space
The BSE Mid and small
caps outperformed their larger counterparts declining-0.56% and -0.20%
respectively.
The major losers in the BSE Midcap were Amara Raja Batteries (2.11%), Aban Offshore (1.47%), Alstom Projects India (0.39%), CORE Education and Technologies (0.26%) and A B G Shipyard (0.19%).
The major losers in the BSE Smallcap were Action Construction Equipment (2.86%), Styrolution ABS (India) (1.61%), A B G Infralogistics (1.17%), Reliance MediaWorks (0.46%) and Aarti Industries (0.15%).
The major losers in the BSE Midcap were Amara Raja Batteries (2.11%), Aban Offshore (1.47%), Alstom Projects India (0.39%), CORE Education and Technologies (0.26%) and A B G Shipyard (0.19%).
The major losers in the BSE Smallcap were Action Construction Equipment (2.86%), Styrolution ABS (India) (1.61%), A B G Infralogistics (1.17%), Reliance MediaWorks (0.46%) and Aarti Industries (0.15%).
Sectors in Limelight
The Auto index was at
9,131.79, down by 292.67 points or by 3.11%. The major losers were Apollo Tyres
(2.08%), Bajaj Auto (0.88%), Ashok Leyland (0.8%), Bharat Forge (0.68%) and
Exide Industries (0.12%).
The Bankex index was
at 11,014.19, down by 163.85 points or by 1.47%. The major losers were Canara
Bank(2.32%), Bank Of India (2.1%), H D F C Bank (1.29%), Bank Of Baroda (1.13%)
and Federal Bank (0.81%).
The Realty index was
at 1,578.55, down by 19.59 points or by 1.23%. The major losers were D B Realty
(1.91%), D L F (1.86%), Housing Development and
Infrastructure (1.57%), Anant Raj Industries (0.64%) and Phoenix Mills (0.24%).
On the other hand, the
IT index was at 5,642.43, up by 17.04 points or by 0.30%. The major gainers
were Tech Mahindra (3.06%), Wipro (0.99%), H C L Technologies (0.61%), Infosys
(0.58%) and Mphasis (0.11%).
Market Breadth
Market breadth was
negative with 978 advances against 1,211 declines.
Value and Volume Toppers
Tata Motors topped the
value chart on the BSE with a turnover of Rs. 640.36
million. It was followed by State Bank Of India (Rs. 377.85 million), Wheels
India (Rs. 162.73 million) and Tata Motors -DVR (Rs. 157.27 million).
The volume chart was
led by Tata Motors with trades of over 2.53 million shares. It was followed by
Spicejet (1.93 million), Mangalore Chemicals & Fertilizers
(1.90 million) and Lanco Infratech (1.87 million).
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