Indian markets settled sharplyloweron Thursday led by losses
seen in banking and metal stocks. At the close, the benchmark
30-share index, BSE Sensex declined 186.33 points or 0.90% at
20,536.64 with 24 components posting drop. Meanwhile, the broad
based NSE Nifty fell by 61.05 points or 0.99% at 6,091.70 with 44
components registering drop.
I C I C I Bank contributed fall of 35.3
points in the Sensex. It was followed by I T C (33.44 points),
Housing Development Finance Corporation (25.98 points), H D F C
Bank (15.98 points) and Reliance Industries (15.6 points).
However, Jaiprakash Associates contributed rise of 5.5 points in
the Sensex. It was followed by Larsen & Toubro (2.2 points),
Tata Power Company (1.79 points), Wipro (0.53 points) and Bharat
Heavy Electricals (0.53 points).
Major gainers in the 30-share index were Dr Reddy'S Laboratories
(1.82%), Bajaj Auto (1.15%), Tata Power Company (0.90%), Bharat
Heavy Electricals (0.27%), Larsen & Toubro (0.21%), and Wipro
On the other hand, I C I C I Bank (2.15%), Bharti Airtel
(1.98%), Tata Steel (1.80%), State Bank Of India (1.80%), Housing
Development Finance Corporation (1.63%), and I T C (1.52%) were the
major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap settled higher 0.08 pointsat 6,377.02 however the
BSE Smallcap dropped 10.35 points or 0.16% at 6,361.85 at the
closing.The major gainers in the BSE Midcap were Apollo Tyres
(3.6%), Amara Raja Batteries (1.8%), Allcargo Logistics (1.07%),
Arvind (0.97%) and Bajaj Holdings & Investment (0.18%).The
major losers in the BSE Smallcap were A2Z Maintenance &
Engineering Services (1.1%), Styrolution ABS (India) (0.52%),
Action Construction Equipment (0.42%), Dr Datsons Labs (0.32%) and
Sectors in Limelight
The Bankex index was at 11,911.62, down by 197.77 points or by
1.63%. The major losers were Bank Of Baroda(3.4%), Bank Of India
(2.72%), Canara Bank (2.12%), Federal Bank (2.09%) and H D F C Bank
The Metal index was at 8,894.22, down by 90.96 points or by
1.01%. The major losers were Hindalco Industries (1.52%), Coal
India (1.32%), Jindal Steel & Power (1.02%), Bhushan Steel
(0.58%) and JSW Steel (0.21%).
Market breadth was negative with 1,228 advances against 1,502
Value and Volume Toppers
Multi Commodity Exchange of India topped the value chart on the
BSE with a turnover of Rs. 662.19 million. It was followed by
Financial Technologies (India) (Rs. 493.27 million), Tata Elxsi
(Rs. 407.47 million) and United Spirits (Rs. 384.32 million).
The volume chart was led by Shree Renuka Sugars with trades of
over 4.23 million shares. It was followed by Jaiprakash Associates
(4.10 million), Unitech (3.98 million) and Spicejet (2.04