SHARE MARKET TIPS 30 MAY 2012

SENSEX PARES SOME LOSSES; AUTO, CD, BANKEX DROP

DATE: 30/05/2012       

                            Indian equities pared some of its earlier losses in noon trade on Wednesday. Auto, consumer durables and banking space lost ground.  

Sensex was trading down 56.44 points or 0.34% at 16,382.14 with 18 components falling. Meanwhile, the Nifty was trading lower by 21.30 points or 0.43% at 4,968.80 with 37 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 58.14 points in the Sensex. It was followed by I C I C I Bank (11.3 points), State Bank Of India (8.72 points), Housing Development Finance Corporation (8.13 points) and H D F C Bank (7.31 points).

However, Infosys contributed rise of 15.23 points in the Sensex. It was followed by I T C (11.29 points), Reliance Industries (6.3 points), Sun Pharmaceutical Industries (4.05 points) and Oil & Natural Gas Corporation (3.26 points).

Biggest gainers in the 30-share index were Tata Power Company (1.72%), Sun Pharmaceutical Industries (1.39%), Maruti Suzuki India (1.13%), Infosys Technologies (1.08%), Jindal Steel & Power (0.98%), and Wipro (0.76%).

On the other hand, Tata Motors (9.80%), D L F (1.54%), Bharat Heavy Electricals (1.45%), State Bank Of India (1.38%), I C I C I Bank (1.01%), and Larsen & Toubro (0.92%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-0.34% and -0.28% respectively.

The major losers in the BSE Midcap were Alstom Projects India (2.17%), Amara Raja Batteries (1.7%), Aban Offshore (1.39%), A B G Shipyard (0.54%) and Alok Industries (0.26%).

The major losers in the BSE Smallcap were Genesys International Corporation (5.74%), Action Construction Equipment (3.2%), Reliance MediaWorks (2.41%), Styrolution ABS (India) (2.28%) and Advanta India (0.35%).

Sectors in Limelight

The Auto index was at 9,118.70, down by 305.76 points or by 3.24%. The major losers were Apollo Tyres (1.68%), Ashok Leyland (0.8%), Exide Industries (0.49%), Bajaj Auto (0.29%) and Bharat Forge (0.06%).

The Consumer Durables index was at 6,320.40, down by 75.89 points or by 1.19%. The major losers were Bajaj Electricals (4.11%), Titan Industries (2.02%), Whirlpool Of India (1.02%), C.Mahendra Exports (0.08%) and Gitanjali Gems (0.03%).

The Bankex index was at 11,057.28, down by 120.76 points or by 1.08%. The major losers were Canara Bank(2.52%), Bank Of India (1.57%), Bank Of Baroda (0.78%), Federal Bank (0.77%) and H D F C Bank (0.64%).

On the other hand, the IT index was at 5,670.10, up by 44.71 points or by 0.79%. The major gainers were Tech Mahindra (3.66%), Infosys (1.08%), H C L Technologies (0.88%), Mphasis (0.86%) and CORE Education and Technologies (0.05%).

Market Breadth

Market breadth was negative with 1,024 advances against 1,394 declines.

Value and Volume Toppers

Tata Motors topped the value chart on the BSE with a turnover of Rs. 918.71 million. It was followed by State Bank Of India (Rs. 505.07 million), Wockhardt (Rs. 339.93 million) and Wheels India (Rs. 232.80 million).

The volume chart was led by Tata Motors with trades of over 3.69 million shares. It was followed by Suzlon Energy (2.97 million), Lanco Infratech (2.59 million) and Mangalore Chemicals & Fertilizers (2.27 million).

                                                                                                 

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