SHARE MARKET TIPS 01 JUN 2012

SENSEX DOWN OVER 200 POINTS; JINDAL STEEL MAJOR LOSER

DATE: 01/06/2012       

             Indian markets dropped on Friday.  Sensex was trading down 212.91 points or 1.31% at 16,005.62 with 28 components falling. Meanwhile, the Nifty was trading lower by 64.55 points or 1.31% at 4,859.70 with 49 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

Reliance Industries contributed fall of 34.23 points in the Sensex. It was followed by Infosys (26.46 points), H D F C Bank (26.2 points), Larsen & Toubro (17.88 points) and Oil & Natural Gas Corporation (15.87 points).

However, I T C contributed rise of 17.79 points in the Sensex. It was followed by Jaiprakash Associates (0.42 points), I C I C I Bank (0.28 points), ACC (0.02 points) and Bharti Airtel (0.15 points).

Major gainers in the 30-share index were I T C (1.15%), and I C I C I Bank (0.03%).

On the other hand, Jindal Steel & Power (3.50%), Maruti Suzuki India (2.76%), G A I L (India) (2.53%), Oil & Natural Gas Corporation (2.52%), Tata Motors (2.40%), and Larsen & Toubro (2.37%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-1.31% and -0.91% respectively.

The major losers in the BSE Midcap were Alok Industries (2.94%), Aban Offshore (2.64%), Alstom Projects India (2.33%), Allcargo Logistics (1.73%) and A B G Shipyard (0.83%).

The major losers in the BSE Smallcap were A B G Infralogistics (8.02%), Trident (3.26%), Aegis Logistics (2.64%), A2Z Maintenance & Engineering Services (1.11%) and Advanta India (1.03%).

Sectors in Limelight

The Oil & Gas index was at 7,414.06, down by 173.78 points or by 2.29%. The major losers were Cairn India (3.84%), G A I L (India) (2.53%), Bharat Petroleum Corporation (1.58%), Indian Oil Corporation (0.59%) and Oil India (0.05%).

The Capital Goods index was at 8,632.83, down by 184.07 points or by 2.09%. The major losers were BEML (2.63%), Alstom Projects India (2.33%), Bharat Heavy Electricals (1.75%), A B B (1.53%) and Bharat Electronics (1.41%).

The Power index was at 1,778.77, down by 35.14 points or by 1.94%. The major losers were Reliance Infrastructure (3.78%), Adani Power (3.37%), Bharat Heavy Electricals (1.75%), Crompton Greaves (1.61%) and A B B (1.53%).

On the other hand, the FMCG index was at 4,584.71, up by 10.45 points or by 0.23%. The major gainers were United Spirits (3.02%), Nestle India (1.26%), I T C (1.15%) and United Breweries (0.55%).

Market Breadth

Market breadth was negative with 867 advances against 1,740 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 848.72 million. It was followed by Tata Motors (Rs. 702.49 million), Multi Commodity Exchange of India (Rs. 550.57 million) and Reliance Industries (Rs. 302.23 million).

The volume chart was led by JM Financial with trades of over 17.02 million shares. It was followed by Cals Refineries (13.61 million), Suzlon Energy (5.31 million) and Kingfisher Airlines (4.92 million).

                                                                                     

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