STOCK OPTION TIPS 30 MAY 2012

SENSEX DOWN 46 POINTS; TATA MOTORS PLUNGES 11%

DATE: 30/05/2012       

Indian equities continue to trade on a flat note with negative bias amid volatility. Auto, consumer durables and banking stocks led the decline.

Sensex was trading down 46.17 points or 0.28% at 16,392.41 with 16 components falling. Meanwhile, the Nifty was trading lower by 19.85 points or 0.40% at 4,970.25 with 35 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 65.49 points in the Sensex. It was followed by I C I C I Bank (14.32 points), State Bank Of India (7.53 points), Larsen & Toubro (6.64 points) and Bharat Heavy Electricals (5.45 points).

However, Infosys contributed rise of 18.98 points in the Sensex. It was followed by I T C (16.1 points), Tata Consultancy Services (9.81 points), Bharti Airtel (7.02 points) and Maruti Suzuki India (3.8 points).

Major gainers in the 30-share index were Maruti Suzuki India (1.87%), Tata Power Company (1.72%), Bharti Airtel (1.47%), Infosys Technologies (1.35%), Sun Pharmaceutical Industries (1.21%), and Tata Consultancy Services (1.14%).

On the other hand, Tata Motors (11.04%), Bharat Heavy Electricals (2.62%), D L F (1.89%), Sterlite Industries (India) (1.65%), Tata Steel (1.29%), and I C I C I Bank (1.28%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts declining -0.67% and -0.61% respectively.

The major losers in the BSE Midcap were Allcargo Logistics (1.79%), Aban Offshore (1.61%), Alstom Projects India (1.46%), Amara Raja Batteries (0.88%) and A B G Shipyard (0.37%).

The major losers in the BSE Smallcap were Styrolution ABS (India) (2.95%), Trident (0.81%), A2Z Maintenance & Engineering Services (0.77%), Aarti Industries (0.15%) and Aanjaneya Lifecare (0.12%).

Sectors in Limelight

The Auto index was at 9,091.18, down by 333.28 points or by 3.54%. The major losers were Apollo Tyres (1.85%), Exide Industries (1.82%), Ashok Leyland (1.4%), Hero Motocorp (0.55%) and Bajaj Auto (0.34%).

The Consumer Durables index was at 6,315.86, down by 80.43 points or by 1.26%. The major losers were Bajaj Electricals (4.67%), Titan Industries (1.81%), T T K Prestige (1.76%), Whirlpool Of India (1.46%) and Gitanjali Gems (0.05%).

The Bankex index was at 11,039.60, down by 138.44 points or by 1.24%. The major losers were Canara Bank(3.09%), Bank Of India (2.98%), Bank Of Baroda (0.74%), Federal Bank (0.71%) and H D F C Bank (0.41%).

On the other hand, the IT index was at 5,686.53, up by 61.14 points or by 1.09%. The major gainers were Tech Mahindra (4.34%), Infosys (1.35%), H C L Technologies (0.64%), Mphasis (0.61%) and CORE Education and Technologies (0.43%).

Market Breadth

Market breadth was negative with 1,069 advances against 1,577 declines.

Value and Volume Toppers

Tata Motors topped the value chart on the BSE with a turnover of Rs 1,245.47 million. It was followed by Tata Motors (Rs. 1,245.47 million), State Bank Of India (Rs. 773.32 million) and Wockhardt (Rs. 407.23 million).

The volume chart was led by Tata Motors with trades of over 5.07 million shares. It was followed by Lanco Infratech (4.16 million), Suzlon Energy (3.94 million) and Spicejet (3.23 million).

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