Indian equitiesstayed lower in post noon trade on Thursday ahead
of October IIP and retail inflation data later in the day. Auto,
metal and oil & gas stocks witnessed a fall whereas power
stocks registered a rise.
At 1.40 pm, the Sensex was trading down 157.94 points or 0.75%
at 21,013.47 with 24 components falling. Meanwhile, the Nifty was
trading lower by 44.30 points or 0.70% at 6,263.60 with 38
Tata Motors contributed fall of 25.79
points in the Sensex. It was followed by I C I C I Bank (22.92
points), Reliance Industries (19.83 points), Oil & Natural Gas
Corporation (15.88 points) and Tata Consultancy Services (13.3
However, Housing Development Finance Corporation contributed
rise of 11.4 points in the Sensex. It was followed by Tata Power
Company (9.25 points), Bharat Heavy Electricals (1.52 points),
Reliance Infrastructure (1.45 points) and NTPC (0.84 points).
Biggest gainers in the 30-share index were Tata Power Company
(4.54%), G A I L (India) (1.02%), Bharat Heavy Electricals (0.74%),
Housing Development Finance Corporation (0.70%), NTPC (0.22%), and
On the other hand, Tata Motors (3.72%), Oil & Natural Gas
Corporation (1.71%), Coal India (1.63%), Bharti Airtel (1.37%), I C
I C I Bank (1.37%), and Maruti Suzuki India (1.36%) were the
biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts declining-0.01% and -0.05% respectively.The major
losers in the BSE Midcap were Allahabad Bank(1.89%), Aban Offshore
(1.25%), Amara Raja Batteries (0.71%), Andhra Bank (0.65%) and A I
A Engineering (0.64%).The major losers in the BSE Smallcap were
Trident (3.19%), Aarti Industries (1.79%), Dr Datsons Labs (1.23%),
A2Z Maintenance & Engineering Services (0.38%) and Styrolution
ABS (India) (0.25%).
Sectors in Limelight
The Auto index was at 12,133.40, down by 190.82 points or by
1.55%. The major losers were Bajaj Auto (1.15%), Hero Motocorp
(1.1%), Mahindra & Mahindra (0.69%), Bharat Forge (0.22%) and
Exide Industries (0.21%).
The Bankex index was at 13,322.29, down by 136.99 points or by
1.02%. The major losers were Bank Of Baroda(1.78%), I C I C I Bank
(1.37%), Federal Bank (1.18%), H D F C Bank (0.39%) and Canara Bank
The Metal index was at 9,724.52, down by 92.84 points or by
0.95%. The major losers were Hindustan Zinc (1.76%), Coal India
(1.63%), Hindalco Industries (1.05%), Jindal Steel & Power
(0.94%) and Bhushan Steel (0.04%).
On the other hand, the Power index was at 1,670.15, up by 12.20
points or by 0.74%. The major gainers were Reliance Infrastructure
(1.27%), C E S C (1.19%), A B B India (1.19%), Bharat Heavy
Electricals (0.74%) and Adani Power (0.52%).
Market breadth was negative with 983 advances against 1,309
Value and Volume Toppers
Power Grid Corporation of India topped the value chart on the
BSE with a turnover of Rs. 629.40 million. It was followed by Tata
Motors (Rs. 300.91 million), Idea Cellular (Rs. 263.19 million) and
State Bank Of India (Rs. 240.47 million).
The volume chart was led by Power Grid Corporation of India with
trades of over 6.42 million shares. It was followed by Unitech
(3.29 million), Empower India (2.35 million) and Lanco Infratech