Sensex ends 150 points lower; auto, IT drag - The New Indian Express

Sensex ends 150 points lower; auto, IT drag

Published: 04th April 2014 04:18 PM

Last Updated: 04th April 2014 04:18 PM

Indian equities settledsharply loweron Friday due to weak global cues. Auto, IT and technology stocks witnessed a fall whereas realty stocks registered a rise.

At the close, the benchmark 30-share index, BSE Sensex declined 149.57 points or 0.66% at 22,359.50 with 25 components posting drop. Meanwhile, the broad based NSE Nifty went down by 39.35 points or 0.58% at 6,696.75 with 37 components registering drop.

Sensex Movers

Housing Development Finance Corporation contributed fall of 16.27 points in the Sensex. It was followed by Reliance Industries (15.6 points), Tata Consultancy Services (14.71 points), Larsen & Toubro (11.22 points) and Tata Motors (11.03 points).

However, State Bank Of India contributed rise of 3.98 points in the Sensex. It was followed by D L F (3.36 points), Reliance Infrastructure (2.49 points), Tata Steel (2.37 points) and Jaiprakash Associates (1.16 points).

Major gainers in the 30-share index were Cipla (1.98%), Tata Steel (0.84%), State Bank Of India (0.47%), Hindalco Industries (0.44%), and Coal India (0.41%).

On the other hand, NTPC (1.95%), Bharat Heavy Electricals (1.95%), Bharti Airtel (1.74%), Tata Motors (1.50%), G A I L (India) (1.48%), and Bajaj Auto (1.39%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.37% and 0.80% respectively. The major gainers in the BSE Midcap were CORE Education and Technologies (2.57%), Anant Raj (2.42%), A I A Engineering (1.32%), Alstom India (0.95%) and Andhra Bank (0.62%).The major gainers in the BSE Smallcap were Adhunik Metaliks (5.53%), Trident (4.66%), A2Z Maintenance & Engineering Services (1.81%), Action Construction Equipment (1.02%) and Reliance MediaWorks (0.25%).

Sectors in Limelight

The Auto index was at 13,278.87, down by 134.54 points or by 1%. The major losers were Bajaj Auto (1.39%), Exide Industries (1.05%), Mahindra & Mahindra (0.91%), Maruti Suzuki India (0.58%) and Hero Motocorp (0.12%).

The IT index was at 8,878.67, down by 85.52 points or by 0.95%. The major losers were H C L Technologies (1.86%), Wipro (1.29%), Tata Consultancy Services (1.25%), Infosys (0.69%) and Financial Technologies (India) (0.28%).

The TECk index was at 4,947.38, down by 45.95 points or by 0.92%. The major losers were D B Corp (2.63%), H C L Technologies (1.86%), G T L Infrastructure (1.86%), Bharti Airtel (1.74%) and Infosys (0.69%).

On the other hand, the Realty index was at 1,526.60, up by 49.73 points or by 3.37%. The major gainers were Housing Development and Infrastructure (16.23%), Indiabulls Real Estate (5.54%), D L F (2.59%), Anant Raj (2.42%) and Godrej Properties (0.13%).

Market Breadth

Market breadth was positive with 1,697 advances against 1,171 declines.

Value and Volume Toppers

Ranbaxy Laboratories topped the value chart on the BSE with a turnover of Rs. 1,048.23 million. It was followed by Housing Development and Infrastructure (Rs. 633.81 million), Wockhardt (Rs. 469.35 million) and I C I C I Bank (Rs. 418.77 million).

The volume chart was led by Unitech with trades of over 10.71 million shares. It was followed by CPSE ETF - Growth (10.01 million), Housing Development and Infrastructure (9.13 million) and Shree Renuka Sugars (4.13 million).

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