Sensex ends 82 points down; IT, realty drag - The New Indian Express

Sensex ends 82 points down; IT, realty drag

Published: 13th March 2014 04:18 PM

Last Updated: 13th March 2014 04:18 PM

Indian markets settledin the negativeterrain on Thursday. IT, technology and realty stocks witnessed a fall whereas oil & gas stocks registered a gain.

At the close, the benchmark 30-share index, BSE Sensex declined 81.61 points or 0.37% at 21,774.61 with 13 components registering drop. Meanwhile, the broad based NSE Nifty went down by 23.80 points or 0.37% at 6,493.10 with 27 components posting dro.

Sensex Movers

Sun Pharmaceutical Industries contributed fall of 25.65 points in the Sensex. It was followed by Tata Consultancy Services (13.27 points), D L F (7.51 points), Grasim Industries (4.02 points) and Reliance Communications (3.93 points).

However, H D F C Bank contributed rise of 39.54 points in the Sensex. It was followed by Housing Development Finance Corporation (23.6 points), Oil & Natural Gas Corporation (22.72 points), I T C (18.19 points) and Reliance Industries (17.03 points).

Biggest gainers in the 30-share index were Mahindra & Mahindra (2.40%), Oil & Natural Gas Corporation (2.37%), H D F C Bank (2.30%), Coal India (2.02%), Hero Motocorp (1.82%), and Dr Reddy's Laboratories (1.63%).

On the other hand, Infosys (8.54%), Sun Pharmaceutical Industries (5.03%), Jindal Steel & Power (3.07%), Tata Consultancy Services (1.16%), Maruti Suzuki India (1.01%), and Tata Steel (0.82%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 6671.54 down by 36.68 points or by 0.55%. The major losers were CORE Education and Technologies (2.87%), A I A Engineering (1.08%), Allahabad Bank (0.91%), Aban Offshore (0.89%) and Alstom India (0.07%).

The BSE Smallcap index was at 6650.19 down by 14.94 points or by 0.22%. The major losers were Action Construction Equipment (4.13%), Trident (2.13%), Styrolution ABS (India) (1.05%), Aarti Industries (0.24%) and Advanta (0.04%).

Sectors in Limelight

The IT index was at 8,975.77, down by 379.61 points or by 4.06%. The major losers were Infosys (8.54%), Hexaware Technologies (3.81%), Mphasis (2.58%), Oracle Financial Services Software (2.24%) and H C L Technologies (0.09%).

The TECk index was at 4,949.07, down by 180.9 points or by 3.53%. The major losers were Dish TV India (3.67%), Mphasis (2.58%), Oracle Financial Services Software (2.24%), D B Corp (1.97%) and Idea Cellular (1.31%).

The Realty index was at 1,373.89, down by 49.36 points or by 3.47%. The major losers were D L F (5.94%), Anant Raj (4.66%), Housing Development and Infrastructure (4.63%), Indiabulls Real Estate (3.85%) and Godrej Properties (2.59%).

On the other hand, the Oil & Gas index was at 9,189.73, up by 131.26 points or by 1.45%. The major gainers were Bharat Petroleum Corporation (7.25%), Hindustan Petroleum Corporation (3.55%), Indian Oil Corporation (3.45%), Oil India (2.62%) and Oil & Natural Gas Corporation (2.37%).

Market Breadth

Market breadth was negative with 1,320 advances against 1,540 declines.

Value and Volume Toppers

Infosys topped the value chart on the BSE with a turnover of Rs. 1,565.24 million. It was followed by State Bank Of India (Rs. 576.54 million), L&T Finance Holdings (Rs. 569.47 million) and Financial Technologies (India) (Rs. 551.92 million).

The volume chart was led by L&T Finance Holdings with trades of over 7.19 million shares. It was followed by Shree Renuka Sugars (3.49 million), Unitech (3.29 million) and Bajaj Hindusthan (3.01 million).

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