Rupee triggers bloodbath at D-Street; Sensex tumbles 750 points - The New Indian Express

Rupee triggers bloodbath at D-Street; Sensex tumbles 750 points

Published: 16th August 2013 04:18 PM

Last Updated: 16th August 2013 04:18 PM

Indian markets crashedon Fridayafter the series of measures announced by both the government and RBI failed to arrest fall in rupee. Rupee has witnessedrecord low of 62 against US dollar in intra-day trade.

At the close, the benchmark 30-share index, BSE Sensex lost 749.39 or 3.87% at 18,618.20 with 22 components posting drop. Meanwhile, the broad based NSE Nifty went down by 241.75 or 4.21% at 5,500.55 with 40 components posting drop (updated as on 15.34).

Sensex Movers

I T C contributed fall of 87.85 points in the Sensex. It was followed by Housing Development Finance Corporation (53.38 points), Larsen & Toubro (47.7 points), Reliance Industries (30.77 points) and H D F C Bank (24.05 points).

However, Tata Motors contributed rise of 69.97 points in the Sensex. It was followed by Hero Motocorp (6.74 points), D L F (6 points), NTPC (2.86 points) and Sun Pharmaceutical Industries (1.25 points).

Biggest gainers in the 30-share index were Tata Motors (11.39%), Hero Motocorp (3.93%), Bajaj Auto (1.44%), NTPC (0.83%), Wipro (0.47%), and Sun Pharmaceutical Industries (0.29%).

On the other hand, Bharat Heavy Electricals (11.73%), Jindal Steel & Power (7.25%), Coal India (5.96%), Larsen & Toubro (5.10%), I T C (4.39%), and Maruti Suzuki India (4.26%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-2.77% and -2.16% respectively.The major losers in the BSE Midcap were Amtek Auto (6.5%), Allahabad Bank (4.85%), Anant Raj (3.88%), Aban Offshore (1.65%) and A B G Shipyard (0.73%).The major losers in the BSE Smallcap were Wagend Infra Venture (2.6%), Action Construction Equipment (2.24%), Styrolution ABS (India) (2.22%), Adhunik Metaliks (2.05%) and Aanjaneya Lifecare (1.49%).

Sectors in Limelight

The Consumer Durables index was at 5,875.64, down by 556.93 points or by 8.66%. The major losers were Titan Industries (9.71%), Symphony (4.63%), Rajesh Exports (2.34%), Bajaj Electricals (1.56%) and T T K Prestige (0.91%).

The Realty index was at 1,257.80, down by 87.63 points or by 6.51%. The major losers were Indiabulls Real Estate (7.14%), Phoenix Mills (5.8%), Anant Raj (3.88%), Prestige Estates Projects (2.8%) and Housing Development and Infrastructure (0.8%).

The Metal index was at 6,919.97, down by 443.25 points or by 6.02%. The major losers were Jindal Steel & Power (7.25%), Coal India (5.96%), Bhushan Steel (3.2%), Hindustan Zinc (2.02%) and Hindalco Industries (1.28%).

The Bankex index was at 10,800.61, down by 634.94 points or by 5.55%. The major losers were Canara Bank(9.2%), Bank Of India (8.07%), Bank Of Baroda (7.85%), Federal Bank (6.51%) and H D F C Bank (1.64%).

Market Breadth

Market breadth was negative with 1,052 advances against 1,346 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,408.72 million. It was followed by Financial Technologies (India) (Rs. 693.28 million), Reliance Communications (Rs. 580.06 million) and Yes Bank (Rs. 574.74 million).

The volume chart was led by Reliance Communications with trades of over 4.87 million shares. It was followed by Financial Technologies (India) (4.65 million), Jaiprakash Associates (4.48 million) and Reliance Power (2.77 million).

From Around the Web