Friday 6 December 2013

Sensex turns negative in noon trade; HDFC drag

Indian equities turned negative in noon trade on Friday. The upward revision in the US GDP data raised fears about tapering of Federal bond buying program. At 12.19 am, the Sensex was trading down 15.56 points or 0.07% at 20,942.25 with 13 components falling. Meanwhile, the Nifty was trading higher by 1.85 points or 0.03% at 6,242.95 with 31 components gaining.

Sensex Movers

Housing Development Finance Corporation contributed fall of 19.79 points in the Sensex. It was followed by H D F C Bank (19.58 points), Infosys (9.03 points), I C I C I Bank (7.13 points) and Reliance Industries (7.12 points).

However, NTPC contributed rise of 10.09 points in the Sensex. It was followed by I T C (9.83 points), Oil & Natural Gas Corporation (8.57 points), Tata Consultancy Services (4.61 points) and Hero Motocorp (4.33 points).

Biggest gainers in the 30-share index were Coal India (3.34%), NTPC (2.60%), Hero Motocorp (2.25%), Tata Power Company (1.86%), Dr Reddy`S Laboratories (1.07%), and Oil & Natural Gas Corporation (0.93%).

On the other hand, Housing Development Finance Corporation (1.21%), H D F C Bank (1.19%), Hindalco Industries (1.15%), Bharti Airtel (1.10%), Hindustan Unilever (0.82%), and Wipro (0.70%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.25% and 0.20% respectively.

The major gainers in the BSE Midcap were Amara Raja Batteries (3.96%), A I A Engineering (3.79%), A B G Shipyard (3.74%), Alstom India (0.93%) and Allcargo Logistics (0.55%).

The major gainers in the BSE Smallcap were Genesys International Corporation (1.92%), Reliance MediaWorks (1.58%), Action Construction Equipment (1.13%), Advanta (0.23%) and Styrolution ABS (India) (0.19%).

Sectors in Limelight

The Consumer Durables index was at 5,817.45, up by 80.04 points or by 1.40%. The major gainers were Whirlpool Of India (1.6%), Gitanjali Gems (0.85%), Bajaj Electricals (0.42%), Blue Star (0.15%) and Symphony (0.12%).

The Power index was at 1,688.73, up by 20.39 points or by 1.22%. The major gainers were Crompton Greaves (1.81%), Bharat Heavy Electricals (0.76%), JSW Energy (0.74%), A B B India (0.48%) and Adani Power (0.13%).

The PSU index was at 5,928.71, up by 59.93 points or by 1.02%. The major gainers were BEML (6.45%), Bank Of Baroda (0.99%), Andhra Bank (0.24%), Balmer Lawrie & Company (0.18%) and Bank Of India (0.02%).

On the other hand, the Realty index was at 1,358.13, down by 4.69 points or by 0.34%. The major losers were Sobha Developers (2.04%), D L F (0.74%), Anant Raj (0.52%) and Indiabulls Real Estate (0.22%).

Market Breadth

Market breadth was negative with 1,127 advances against 1,060 declines.

Value and Volume Toppers

Infosys topped the value chart on the BSE with a turnover of Rs. 239.75 million. It was followed by Axis Bank (Rs. 181.49 million), Yes Bank (Rs. 169.69 million) and State Bank Of India (Rs. 150.21 million).

The volume chart was led by Cals Refineries with trades of over 3.03 million shares. It was followed by I V R C L (2.79 million), Yantra Natural Resources (2.32 million) and VKS Projects (1.82 million).


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