Sensex ends down 210 points on concerns over rate hike, Fed tapering - The New Indian Express

Sensex ends down 210 points on concerns over rate hike, Fed tapering

Published: 13th December 2013 05:18 PM

Last Updated: 13th December 2013 05:18 PM

Indian markets settled 1% lower on Friday as weak IIP and higher retail inflation raised concern over possible rate hike on December 18. In addition, concerns over possible Fed tapering in December also weighed on the investors' sentiments. Banking, power and realty stocks led the fall in the market.

At the close, the benchmark 30-share index, BSE Sensex declined 210.03 points or 1% at 20,715.58 with 24 components registering drop. Meanwhile, the broad based NSE Nifty fell by 68.65 points or 1.10% at 6,168.40 with 46 components posting drop.

Sensex Movers

I C I C I Bank contributed fall of 68.05 points in the Sensex. It was followed by Housing Development Finance Corporation (38.98 points), Larsen & Toubro (16.05 points), State Bank Of India (15.39 points) and Reliance Industries (14.38 points).

However, Tata Motors contributed rise of 18.29 points in the Sensex. It was followed by Wipro (4.71 points), Infosys (4.44 points), Mahindra & Mahindra (3.24 points) and Tata Steel (1.87 points).

Major gainers in the 30-share index were Tata Motors (2.68%), Wipro (1.63%), Tata Steel (0.72%), Coal India (0.71%), Mahindra & Mahindra (0.61%), and Infosys (0.31%).

On the other hand, I C I C I Bank (4.12%), Bharat Heavy Electricals (4.06%), Hero Motocorp (2.98%), Tata Power Company (2.52%), G A I L (India) (2.47%), and Housing Development Finance Corporation (2.42%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 6302.5 down by 80.46 points or by 1.26%. The major losers were CORE Education and Technologies (2.17%), Aban Offshore (2.02%), Alstom India (1.86%), A B G Shipyard (1.85%) and A I A Engineering (1.38%).

The BSE Smallcap index was at 6131.12 down by 58.78 points or by 0.95%. The major losers were Advanta (3.6%), Aegis Logistics (2.8%), Action Construction Equipment (2.33%), Styrolution ABS (India) (1.51%) and Trident (0.3%).

Sectors in Limelight

The Bankex index was at 12,969.50, down by 298.51 points or by 2.25%. The major losers were Canara Bank(4%), Bank Of Baroda (2.93%), Bank Of India (2.63%), Federal Bank (2.34%) and H D F C Bank (0.7%).

The Power index was at 1,627.77, down by 37 points or by 2.22%. The major losers were A B B India (4.3%), Bharat Heavy Electricals (4.06%), Reliance Infrastructure (4.01%), Crompton Greaves (3.22%) and Adani Power (1.17%).

The Realty index was at 1,339.87, down by 28.69 points or by 2.1%. The major losers were Indiabulls Real Estate (4.89%), D L F (3.46%), Housing Development and Infrastructure (3.41%), Prestige Estates Projects (1.06%) and Parsvnath Developers (0.81%).

On the other hand, the IT index was at 8,556.86, up by 0.14 points or by 0.00%. The major gainers were Tech Mahindra (1.25%), Hexaware Technologies (1%), Infosys (0.31%), H C L Technologies (0.15%) and Oracle Financial Services Software (0.02%).

Market Breadth

Market breadth was negative with 915 advances against 1,593 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 435.93 million. It was followed by Tata Steel (Rs. 321.28 million), Yes Bank (Rs. 258.77 million) and Jet Airways (India) (Rs. 189.18 million).

The volume chart was led by Jaiprakash Associates with trades of over 2.61 million shares. It was followed by Spicejet (2.39 million), Parikh Herbals (2.32 million) and Suzlon Energy (1.83 million).

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