Sensex drops 158 points; Auto, Bankex, Metal drag - The New Indian Express

Sensex drops 158 points; Auto, Bankex, Metal drag

Published: 12th December 2013 02:18 PM

Last Updated: 12th December 2013 02:18 PM

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 components falling.

Sensex Movers

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 points).

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 Infosys (0.01%).

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 (0.28%).

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

Market breadth was negative with 983 advances against 1,309 declines.

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 (2.18 million).

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