NIFTY OPTION TIPS 01 JUN 2012

SENSEX TRADES DOWN 57 PTS; IT, TECK, OIL & GAS DRAG

DATE: 01/06/2012       

                           Indian markets continued to drop for the third day on Friday. Sensex was trading down 57.17 points or 0.35% at 16,161.36 with 21 components falling. Meanwhile, the Nifty was trading lower by 15.15 points or 0.31% at 4,909.10 with 39 components falling.

The 30-share benchmark index, BSE Sensex opened flat with a decline of 1.05 points or 0.01% at 16,217.48, while the broad based NSE Nifty started with a fall of 13.40 points or 0.27%, at 4,910.85.

Sensex Movers

Infosys contributed fall of 15.85 points in the Sensex. It was followed by Tata Consultancy Services (15.73 points), Reliance Industries (10.47 points), H D F C Bank (5.98 points) and Wipro (5.2 points).

However, I C I C I Bank contributed rise of 11.5 points in the Sensex. It was followed by State Bank Of India (6.19 points), I T C (3.73 points), Bharti Airtel (2.5 points) and Tata Steel (1.73 points).

Major gainers in the 30-share index were I C I C I Bank (1.04%), State Bank Of India (0.99%), Tata Power Company (0.59%), Tata Steel (0.53%), Bharti Airtel (0.53%), and Maruti Suzuki India (0.32%).

On the other hand, Tata Consultancy Services (1.85%), Wipro (1.82%), Bajaj Auto (1.61%), NTPC (1.16%), Infosys Technologies (1.14%), and Hero Honda Motors (0.93%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.06% and 0.19% respectively.

The major gainers in the BSE Midcap were Amtek India (1.77%), Anant Raj Industries (1.41%), Amtek Auto (1%), Andhra Bank (0.51%) and CORE Education and Technologies (0.38%).

The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (1.36%), Adhunik Metaliks (1.32%), Reliance MediaWorks (0.7%), Aanjaneya Lifecare (0.32%) and Action Construction Equipment (0.18%).

Sectors in Limelight

The IT index was at 5,589.53, down by 76.55 points or by 1.35%. The major losers were Hexaware Technologies (2.14%), Infosys (1.14%), H C L Technologies (1%), Mphasis (0.85%) and Oracle Financial Services Software (0.14%).

The TECk index was at 3,243.36, down by 33.99 points or by 1.04%. The major losers were H C L Technologies (1%), Mphasis (0.85%), Dish TV India (0.61%), Idea Cellular (0.59%) and Oracle Financial Services Software (0.14%).

The Oil & Gas index was at 7,536.32, down by 51.52 points or by 0.68%. The major losers were Cairn India (3.51%), Reliance Industries (0.71%), Oil & Natural Gas Corporation (0.71%), Bharat Petroleum Corporation (0.27%) and G A I L (India) (0.23%).

On the other hand, the Consumer Durables index was at 6,220.95, up by 19.42 points or by 0.31%. The major gainers were Blue Star (1.13%), Titan Industries (0.56%), T T K Prestige (0.47%), Rajesh Exports (0.29%) and Gitanjali Gems (0.08%).

Market Breadth

Market breadth was negative with 860 advances against 804 declines.

Value and Volume Toppers

Tata Motors topped the value chart on the BSE with a turnover of Rs. 206.60 million. It was followed by JM Financial (Rs. 202.54 million), Multi Commodity Exchange of India (Rs. 201.10 million) and State Bank Of India (Rs. 181.91 million).

The volume chart was led by JM Financial with trades of over 16.86 million shares. It was followed by Cals Refineries (9.08 million), Kingfisher Airlines (2.38 million) and Suzlon Energy (1.90 million).

                                                                       

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