IN INTRADAY TRADING TIPS 04 JUN 2012

SENSEX OFF FROM DAY`S LOW; ONGC, L&T GAIN

DATE: 04/06/2012       

        Indian equities pared most of its losses in the post noon trades thanks to buying interest seen in index pivotals. Consumer durables, FMCG and realty stocks led the decline.

Sensex was trading down 71.19 points or 0.45% at 15,893.97 with 23 components falling. Meanwhile, the Nifty was trading lower by 19.80 points or 0.41% at 4,821.80 with 36 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 156.28 points or 0.98% at 15,808.88, while the broad based NSE Nifty started with a fall of 44.30 points or 0.91%, at 4,797.30.

Sensex Movers

I T C contributed fall of 24.63 points in the Sensex. It was followed by Bharti Airtel (15.42 points), Tata Consultancy Services (12.09 points), Hindustan Unilever (10.8 points) and Housing Development Finance Corporation (8.43 points).

However, Oil & Natural Gas Corporation contributed rise of 16.74 points in the Sensex. It was followed by Reliance Industries (14.15 points), Larsen & Toubro (8.4 points), Tata Motors (2.31 points) and Jaiprakash Associates (2.09 points).

Biggest gainers in the 30-share index were Oil & Natural Gas Corporation (2.68%), Larsen & Toubro (1.12%), Reliance Industries (0.97%), Hero Honda Motors (0.40%), Tata Motors (0.40%), and Tata Steel (0.21%).

On the other hand, G A I L (India) (3.34%), Bharti Airtel (3.32%), D L F (3.07%), Jindal Steel & Power (2.67%), Tata Power Company (2.33%), and Sterlite Industries (India) (2.03%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts declining -0.70% and -0.46% respectively.

The major losers in the BSE Midcap were Aban Offshore (6.33%), Alstom Projects India (2.06%), Allcargo Logistics (1.65%), A I A Engineering (1.5%) and CORE Education and Technologies (0.72%).

The major losers in the BSE Smallcap were A B G Infralogistics (2.45%), Styrolution ABS (India) (1.09%), Aarti Industries (0.82%), Aanjaneya Lifecare (0.71%) and Trident (0.21%).

Sectors in Limelight

The Consumer Durables index was at 5,955.45, down by 200.31 points or by 3.25%. The major losers were Bajaj Electricals (4.28%), Blue Star (1.56%), Rajesh Exports (0.91%), Whirlpool Of India (0.49%) and Gitanjali Gems (0.03%).

The FMCG index was at 4,515.44, down by 75.72 points or by 1.65%. The major losers were Colgate-Palmolive (India) (3.12%), Hindustan Unilever (1.98%), I T C (1.6%), Godrej Consumer Products (1.36%) and Dabur India (0.48%).

The Realty index was at 1,535.69, down by 17.01 points or by 1.1%. The major losers were D L F (3.07%), Prestige Estates Projects (1.7%), Phoenix Mills (1.64%), Anant Raj Industries (0.76%) and Housing Development and Infrastructure (0.31%).

On the other hand, the Oil & Gas index was at 7,490.19, up by 62.58 points or by 0.84%. The major gainers were Hindustan Petroleum Corporation (4.66%), Bharat Petroleum Corporation (3.01%), Oil & Natural Gas Corporation (2.68%), Indian Oil Corporation (1.62%) and Oil India (1.3%).

Market Breadth

Market breadth was negative with 949 advances against 1,627 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 844.83 million. It was followed by Indraprastha Gas (Rs. 691.99 million), Tata Motors (Rs. 567.61 million) and Larsen & Toubro (Rs. 277.21 million).

The volume chart was led by Suzlon Energy with trades of over 3.94 million shares. It was followed by Indraprastha Gas (2.72 million), Tata Motors (2.52 million) and Lanco Infratech (2.35 million).

                                                                                          

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