Sensex ends 186 points lower; banks, metal drag - The New Indian Express

Sensex ends 186 points lower; banks, metal drag

Published: 20th February 2014 04:18 PM

Last Updated: 20th February 2014 04:18 PM

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.

Sensex Movers

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 (0.19%).

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 Trident (0.14%).

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 (0.99%).

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

Market breadth was negative with 1,228 advances against 1,502 declines.

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 million).

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