Sensex ends 86 points lower; oil & gas, auto drag - The New Indian Express

Sensex ends 86 points lower; oil & gas, auto drag

Published: 11th April 2014 05:18 PM

Last Updated: 11th April 2014 05:18 PM

Indian equities settled loweron Friday ahead of February IIP and retail inflation data. Oil & gas, capital goods and auto stocks witnessed a fall whereas IT stocks registered a rise.

At the close, the benchmark 30-share index, BSE Sensex declined 86.37 points or 0.38% at 22,628.96 with 19 components posting drop. Meanwhile, the broad based NSE Nifty fell by 20.10 pointsor 0.30% at 6,776.30 with 34 components registering drop.

Sensex Movers

Reliance Industries contributed fall of 31.93 points in the Sensex. It was followed by Housing Development Finance Corporation (17.38 points), Larsen & Toubro (15.47 points), I C I C I Bank (15.43 points) and State Bank Of India (13.77 points).

However, Tata Consultancy Services contributed rise of 20.75 points in the Sensex. It was followed by Infosys (14.24 points), Sun Pharmaceutical Industries (9.93 points), Wipro (4.24 points) and Bharti Airtel (3.9 points).

Major gainers in the 30-share index were Sun Pharmaceutical Industries (1.87%), Tata Consultancy Services (1.75%), Wipro (1.34%), Cipla (1.16%), Infosys (0.91%), and Dr Reddy'S Laboratories (0.83%).

On the other hand, Tata Motors (1.75%), Mahindra & Mahindra (1.75%), Reliance Industries (1.65%), State Bank Of India (1.61%), G A I L (India) (1.59%), and Hero Motocorp (1.52%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.10% and 0.66% respectively. The major gainers in the BSE Midcap were CORE Education and Technologies (4.56%), Anant Raj (3.23%), Amara Raja Batteries (2.09%), A I A Engineering (1.52%) and Amtek Auto (0.34%).The major gainers in the BSE Smallcap were Advanta (12.82%), Aarti Industries (2.01%), Trident (1.91%), Reliance MediaWorks (0.34%) and Styrolution ABS (India) (0.16%).

Sectors in Limelight

The Oil & Gas index was at 9,647.77, down by 125.55 points or by 1.28%. The major losers were Hindustan Petroleum Corporation (2.19%), Indian Oil Corporation (1.77%), G A I L (India) (1.59%), Bharat Petroleum Corporation (1.41%) and Cairn India (0.5%).

The Auto index was at 13,409.68, down by 162.86 points or by 1.2%. The major losers were Mahindra & Mahindra (1.75%), Hero Motocorp (1.52%), Bharat Forge (1.24%), Bajaj Auto (0.76%) and Ashok Leyland (0.41%).

The Capital Goods index was at 12,205.35, down by 121.2 points or by 0.98%. The major losers were Bharat Electronics (3.12%), Alstom India (1.92%), A B B India (1.63%), Alstom T&D India (1.36%) and Bharat Heavy Electricals (0.8%).

On the other hand, the IT index was at 8,835.09, up by 134.03 points or by 1.54%. The major gainers were Oracle Financial Services Software (3.95%), H C L Technologies (3.15%), Hexaware Technologies (2.44%), Infosys (0.91%) and Mphasis (0.06%).

Market Breadth

Market breadth was negative with 1,594 advances against 1,286 declines.

Value and Volume Toppers

Multi Commodity Exchange of India topped the value chart on the BSE with a turnover of Rs. 813.57 million. It was followed by Reliance Capital (Rs. 528.57 million), Housing Development and Infrastructure (Rs. 434.32 million) and Infosys (Rs. 342.99 million).

The volume chart was led by Unitech with trades of over 8.40 million shares. It was followed by Housing Development and Infrastructure (5.57 million), Spicejet (3.31 million) and South Indian Bank , The (2.23 million).

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