SHARE MARKET TIPS 25 MAY 2012

SENSEX FLAT WITH NEGATIVE BIAS; ONGC, TATA MOTORS DROP

DATE: 25/05/2012       

Indian markets trading flat with negative bias in early trade on Friday.  Sensex was trading down 33.46 points or 0.21% at 16,188.84 with 17 components falling. Meanwhile, the Nifty was trading lower by 9.55 points or 0.19% at 4,911.85 with 29 components falling.

The 30-share benchmark index, BSE Sensex opened flat with a decline of 9.06 points or 0.06% at 16,213.24, while the broad based NSE Nifty started with a fall of 15.45 points or 0.31%, at 4,905.95.

Sensex Movers

Housing Development Finance Corporation contributed fall of 10.12 points in the Sensex. It was followed by Oil & Natural Gas Corporation (9.16 points), Infosys (8.75 points), Reliance Industries (7.34 points) and I C I C I Bank (6.9 points).

However, Bharti Airtel contributed rise of 5 points in the Sensex. It was followed by H D F C Bank (4.95 points), Tata Steel (4.45 points), Sun Pharmaceutical Industries (3.21 points) and Hero Motocorp (2.43 points).

Biggest gainers in the 30-share index were Tata Steel (1.37%), Sun Pharmaceutical Industries (1.11%), Hero Honda Motors (1.09%), Bharti Airtel (1.06%), Bharat Heavy Electricals (1.01%), and Sterlite Industries (India) (0.84%).

On the other hand, Oil & Natural Gas Corporation (1.44%), Tata Motors (0.99%), Housing Development Finance Corporation (0.91%), Mahindra & Mahindra (0.71%), Infosys Technologies (0.63%), and I C I C I Bank (0.62%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.39% and 0.40% respectively.

The major gainers in the BSE Midcap were Amara Raja Batteries (3.06%), Amtek India (2.32%), Aban Offshore (1.62%), Alstom Projects India (1.02%) and Allcargo Logistics (0.63%).

The major gainers in the BSE Smallcap were Alembic (3.23%), Trident (2.39%), Styrolution ABS (India) (1.38%), Reliance MediaWorks (0.82%) and Hubtown (0.33%).

Sectors in Limelight

The Oil & Gas index was at 7,531.50, down by 51.25 points or by 0.68%. The major losers were Oil & Natural Gas Corporation (1.44%), Indian Oil Corporation (1.44%), Hindustan Petroleum Corporation (1.41%), Bharat Petroleum Corporation (0.81%) and Oil India (0.54%).

The IT index was at 5,501.70, down by 24.28 points or by 0.44%. The major losers were Infosys (0.63%), CORE Education and Technologies (0.49%), Tata Consultancy Services (0.4%), H C L Technologies (0.36%) and Mphasis (0.2%).

On the other hand, the IPO index was at 1,419.43, up by 8.16 points or by 0.58%. The major gainers were Aster Silicates (3.93%), Career Point (1.61%), Bedmutha Industries (0.63%), BS TransComm (0.54%) and Claris Lifesciences (0.06%).

Market Breadth

Market breadth was negative with 906 advances against 717 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 224.95 million. It was followed by Wockhardt (Rs. 127.88 million), Tata Steel (Rs. 93.83 million) and Axis Bank (Rs. 79.62 million).

The volume chart was led by D C W with trades of over 1.84 million shares. It was followed by Avance Technologies (1.44 million), Cals Refineries (1.23 million) and Voltas (0.75 million).

                                                                                                                             

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