Monday 8 July 2013

Sensex falls 193 points; Mid and smallcaps outperform

Indian markets are reeling under pressure in the post noon trade today as better-than-expected US jobs data raised concern about Federal Reserve's bond buying program. Rupee too fell sharply below 61 against dollar that also weighed on the markets. PSU, realty, auto and oil & fas stocks led the decline.


At 2.18 p.m., the Sensex was trading down 192.57 points or 0.99% at 19,303.25 with 23 components falling. Meanwhile, the Nifty was trading lower by 64.35 points or 1.10% at 5,803.55 with 39 components falling.

Sensex Movers
Housing Development Finance Corporation contributed fall of 51.87 points in the Sensex. It was followed by I C I C I Bank (39.49 points), Oil & Natural Gas Corporation (29.95 points), Reliance Industries (20.96 points) and Tata Motors (17.42 points).

However, Infosys contributed rise of 12.24 points in the Sensex. It was followed by I T C (11.21 points), Reliance Communications (8.75 points), Sun Pharmaceutical Industries (4.15 points) and Wipro (3.77 points).

Biggest gainers in the 30-share index were Wipro (1.40%), Infosys (0.92%), Sun Pharmaceutical Industries (0.92%), Dr Reddy's Laboratories (0.78%), ITC (0.54%), and Hero Motocorp (0.22%).

On the other hand, Oil & Natural Gas Corporation (3.52%), Housing Development Finance Corporation (3.45%), NTPC (2.89%), Tata Motors (2.73%), ICICI Bank (2.56%), and G A I L (India) (2.51%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-0.32% and -0.54% respectively.

The major losers in the BSE Midcap were CORE Education and Technologies (3.38%), Aban Offshore (2.23%), A B G Shipyard (2%), Alstom India (1.29%) and Allahabad Bank (0.56%).

The major losers in the BSE Smallcap were Aanjaneya Lifecare (3.31%), Action Construction Equipment (1.8%), A2Z Maintenance & Engineering Services (1.4%), Aarti Industries (1.19%) and Trident (0.27%).

Sectors in Limelight

The PSU index was at 5,898.29, down by 129.07 points or by 2.14%. The major losers were Balmer Lawrie & Company (5.74%), Bank Of Baroda (1%), Allahabad Bank (0.56%), Bank Of India (0.38%) and Andhra Bank (0.3%).

The Realty index was at 1,483.89, down by 29.33 points or by 1.94%. The major losers were Oberoi Realty (3.06%), Housing Development and Infrastructure (2.71%), Indiabulls Real Estate (2.4%), D L F (1.15%) and Anant Raj (0.88%).

The Oil & Gas index was at 8,749.97, down by 165.99 points or by 1.86%. The major losers were Bharat Petroleum Corporation (5.52%), Hindustan Petroleum Corporation (3.75%), Indian Oil Corporation (2.86%), G A I L (India) (2.51%) and Castrol India (0.88%).

On the other hand, the TECk index was at 3,709.96, up by 27.24 points or by 0.74%. The major gainers were H C L Technologies (2.66%), Idea Cellular (1.6%), Reliance MediaWorks (1.25%), Mphasis (1.25%) and HT Media (0.16%).

Market Breadth

Market breadth was negative with 929 advances against 1,293 declines.

Value and Volume Toppers

Reliance Communications topped the value chart on the BSE with a turnover of Rs. 1,235.19 million. It was followed by Reliance Capital (Rs. 494.93 million), United Spirits (Rs. 439.48 million) and State Bank Of India (Rs. 429.69 million).

The volume chart was led by Reliance Communications with trades of over 8.35 million shares. It was followed by Reliance Power (4.39 million), Dhanus Technologies (3.86 million) and Unitech (3.11 million).

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