NSE NIFTY LIVE TIPS 16 JUL 2012

SENSEX TRADES TAD LOWER; TATA STEEL, JINDAL STEEL FALL

DATE: 16/07/2012       

Indian markets continue to trade on a flat note with negative bias amid volatility. Metal and realty stocks led the decline, while healthcare and auto gained.

Sensex was trading down 7.06 points or 0.04% at 17,206.64 with 13 components falling. Meanwhile, the Nifty was trading lower by 0.30 points or 0.01% at 5,226.95 with 27 components falling.

The 30-share benchmark index, BSE Sensex opened with a gain of 28.28 points or 0.16% at 17,241.98, while the broad based NSE Nifty began flat with a gain of 5.10 points or 0.10%, at 5,232.35.

Sensex Movers

Infosys contributed fall of 20.27 points in the Sensex. It was followed by Tata Steel (9.99 points), Tata Consultancy Services (9.37 points), Larsen & Toubro (7.56 points) and Reliance Industries (2.88 points).

However, Bharti Airtel contributed rise of 11.59 points in the Sensex. It was followed by Housing Development Finance Corporation (6.23 points), Hindustan Unilever (4.74 points), Sun Pharmaceutical Industries (4.42 points) and Tata Motors (3.36 points).

Biggest gainers in the 30-share index were Bharti Airtel (2.34%), Dr Reddy`s Laboratories (1.70%), Cipla (1.49%), Sun Pharmaceutical Industries (1.45%), Maruti Suzuki India (1.25%), and Hindustan Unilever (0.85%).

On the other hand, Tata Steel (2.83%), Jindal Steel & Power (2.20%), Infosys Technologies (1.47%), Tata Consultancy Services (1.10%), Sterlite Industries (India) (1.02%), and G A I L (India) (0.94%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 6246.13 down by 1.76 points or by 0.03%.
The major losers were Apollo Tyres (1.51%), Amtek Auto (1.2%), A B G Shipyard (0.82%), Hexaware Technologies (0.7%) and Andhra Bank (0.65%).

Sectors in Limelight

The Metal index was at 10,512.66, down by 128.38 points or by 1.21%. The major losers were Jindal Steel & Power (2.2%), JSW Steel (1.95%), NMDC (1.83%), Bhushan Steel (0.22%) and Hindalco Industries (0.21%).

The IT index was at 5,296.60, down by 64.05 points or by 1.19%. The major losers were Infosys (1.47%), H C L Technologies (0.89%), Hexaware Technologies (0.7%), Mphasis (0.63%) and Oracle Financial Services Software (0.25%).

The Realty index was at 1,711.28, down by 13.93 points or by 0.81%. The major losers were Indiabulls Real Estate (2.21%), D B Realty (1.74%), Housing Development and Infrastructure (1.32%), Oberoi Realty (0.55%) and D L F (0.43%).

On the other hand, the HC index was at 7,003.65, up by 72.64 points or by 1.05%. The major gainers were Dr Reddy`S Laboratories (1.7%), Divis Laboratories (1.52%), Cipla (1.49%), Cadila Healthcare (1.43%) and Apollo Hospitals Enterprise (0.07%).

Market Breadth

Market breadth was negative with 1,202 advances against 1,018 declines.

Value and Volume Toppers

Infosys topped the value chart on the BSE with a turnover of Rs. 217.79 million. It was followed by State Bank Of India (Rs. 181.72 million), Britannia Industries (Rs. 95.42 million) and MindTree (Rs. 86.40 million).

The volume chart was led by Cals Refineries with trades of over 3.22 million shares. It was followed by Kingfisher Airlines (1.88 million), Development Credit Bank (1.03 million) and Unitech (0.92 million).

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