Sensex ends 255 points lower; banks, capital goods drag - The New Indian Express

Sensex ends 255 points lower; banks, capital goods drag

Published: 13th February 2014 05:18 PM

Last Updated: 13th February 2014 05:18 PM

Indian markets settled sharply lower onThursday weighed down bybanking, capital goods and oil & gas stocks. However, realty stocks gained.

At the close, the benchmark 30-share index, BSE Sensex declined 255.14 points or 1.25% at 20,193.35 with 27 components registering drop. Meanwhile, the broad based NSE Nifty fell by 82.90 points or 1.36% at 6,001.10 with 47 components posting drop.

Sensex Movers

Housing Development Finance Corporation contributed fall of 38.12 points in the Sensex. It was followed by H D F C Bank (30.6 points), Oil & Natural Gas Corporation (29.3 points), I C I C I Bank (29.11 points) and I T C (24.04 points).

However, Tata Consultancy Services contributed rise of 15.09 points in the Sensex. It was followed by Mahindra & Mahindra (6 points), Sun Pharmaceutical Industries (2.82 points), D L F (2.3 points) and Sterlite Industries (India) (0 points).

Major gainers in the 30-share index were Tata Consultancy Services (1.42%), Mahindra & Mahindra (1.16%), and Sun Pharmaceutical Industries (0.60%).

On the other hand, Cipla (7.70%), Jindal Steel & Power (3.65%), Bharat Heavy Electricals (3.50%), Coal India (3.39%), Oil & Natural Gas Corporation (3.29%), and Hindalco Industries (3.19%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-0.83% and -1.05% respectively.The major losers in the BSE Midcap were Allahabad Bank(2.81%), A B G Shipyard (1.13%), CORE Education and Technologies (0.84%), Alstom India (0.26%) and Aban Offshore (0.08%).The major losers in the BSE Smallcap were Trident (2.05%), A2Z Maintenance & Engineering Services (1.44%), Dr Datsons Labs (1.39%), Action Construction Equipment (1.11%) and Styrolution ABS (India) (0.39%).

Sectors in Limelight

The Bankex index was at 11,582.40, down by 249.11 points or by 2.11%. The major losers were Bank Of Baroda(5.36%), Bank Of India (4.59%), Canara Bank (2.76%), Federal Bank (2.38%) and H D F C Bank (1.92%).

The Capital Goods index was at 9,394.73, down by 197.66 points or by 2.06%. The major losers were Bharat Heavy Electricals (3.5%), BEML (2.24%), Crompton Greaves (2.07%), A B B India (1.75%) and Alstom India (0.26%).

Market Breadth

Market breadth was negative with 954 advances against 1,690 declines.

Value and Volume Toppers

Aban Offshore topped the value chart on the BSE with a turnover of Rs. 351.32 million. It was followed by Cipla (Rs. 350.97 million), State Bank Of India (Rs. 339.72 million) and Apollo Tyres (Rs. 275.61 million).

The volume chart was led by Unitech with trades of over 4.22 million shares. It was followed by Apollo Tyres (2.36 million), Spicejet (2.32 million) and Housing Development and Infrastructure (1.59 million).

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