SHARE MARKET TIPS 29 MAY 2012

SENSEX FLAT; MARUTI SUZUKI, GAIL, BHEL RISE

DATE: 29/05/2012       

                Indian equities continued to gain for the second day on Tuesday.  Sensex was trading up 12.76 points or 0.08% at 16,429.60 with 16 components gaining. Meanwhile, the Nifty was trading higher by 2.05 points or 0.04% at 4,987.70 with 26 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 83.20 points or 0.51% at 16,500.04, while the broad based NSE Nifty started with a rise of 19.70 points or 0.40%, at 5,005.35.

Sensex Movers

Tata Motors contributed rise of 5.7 points in the Sensex. It was followed by I C I C I Bank (5.33 points), State Bank Of India (5.1 points), Larsen & Toubro (3.48 points) and Maruti Suzuki India (2.26 points).

However, I T C contributed fall of 9.8 points in the Sensex. It was followed by Hindustan Unilever (3.37 points), Tata Consultancy Services (2.61 points), Bharti Airtel (2.38 points) and H D F C Bank (2.13 points).

Biggest gainers in the 30-share index were Maruti Suzuki India (1.11%), G A I L (India) (1.07%), Bharat Heavy Electricals (1.01%), Tata Motors (0.96%), Coal India (0.84%), and State Bank Of India (0.81%).

On the other hand, Hindalco Industries (1.13%), Bajaj Auto (1.03%), D L F (0.77%), I T C (0.62%), Hindustan Unilever (0.60%), and Bharti Airtel (0.50%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.09% and 0.20% respectively.

The major gainers in the BSE Midcap were Allcargo Logistics (1.68%), Amtek India (0.97%), Anant Raj Industries (0.43%), Andhra Bank (0.42%) and CORE Education and Technologies (0.02%).

The major gainers in the BSE Smallcap were Advanta India (4.83%), Genesys International Corporation (3.08%), Action Construction Equipment (1.76%), Aarti Industries (1.05%) and Reliance MediaWorks (0.45%).

Sectors in Limelight

The IPO index was at 1,432.52, up by 6.07 points or by 0.43%. The major gainers were Commercial Engineers and Body Builders Company (2.69%), Gujarat Pipavav Port (2.18%), Electrosteel Steels (0.93%), Coal India (0.84%) and BS TransComm (0.66%).

The Auto index was at 9,431.01, up by 31.10 points or by 0.33%. The major gainers were Maruti Suzuki India (1.11%), Tata Motors (0.96%), Ashok Leyland (0.61%), Hero Motocorp (0.39%) and Mahindra & Mahindra (0.04%).

The Capital Goods index was at 9,056.58, up by 29.67 points or by 0.33%. The major gainers were Praj Industries (1.15%), Bharat Heavy Electricals (1.01%), Lakshmi Machine Works (0.75%), Larsen & Toubro (0.45%) and Siemens (0.33%).

On the other hand, the Consumer Durables index was at 6,397.41, down by 42 points or by 0.65%. The major losers were Bajaj Electricals (3.82%), Whirlpool Of India (1.36%), Titan Industries (0.73%), Blue Star (0.28%) and C.Mahendra Exports (0.04%).

Market Breadth

Market breadth was negative with 943 advances against 770 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 375.01 million. It was followed by Tata Motors (Rs. 130.16 million), Bombay Dyeing and Manufacturing Company (Rs. 86.86 million) and Wockhardt (Rs. 80.41 million).

The volume chart was led by Cals Refineries with trades of over 2.22 million shares. It was followed by Lanco Infratech (2.03 million), Shree Ashtavinayak Cine Vision (1.43 million) and Housing Development and Infrastructure (0.99 million).

                                                                                                             

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