Indian equities continued its downward journeyon 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.
Capital goods, banking, power stocks registered a fall.
At 3.07 p.m., the Sensex was trading down 198.29 points or 0.95%
at 20,727.32 with 24 components falling. Meanwhile, the Nifty was
trading lower by 60.40 points or 0.97% at 6,176.65 with 46
I C I C I Bank contributed fall of 67.06 points in the Sensex.
It was followed by Housing Development Finance Corporation (36.07
points), Larsen & Toubro (16.3 points), State Bank Of India
(15.2 points) and Tata Consultancy Services (14.39 points).
However, Tata Motors contributed rise of 18.87 points in the
Sensex. It was followed by Mahindra & Mahindra (5.15 points),
Wipro (4.21 points), Infosys (2.81 points) and Tata Steel (1.8
Biggest gainers in the 30-share index were Tata Motors (2.76%),
Wipro (1.45%), Mahindra & Mahindra (0.97%), Coal India (0.73%),
Tata Steel (0.69%), and Infosys (0.20%).
On the other hand, I C I C I Bank (4.05%), Bharat Heavy
Electricals (4%), Hero Motocorp (2.64%), G A I L (India) (2.63%),
Bajaj Auto (2.37%), and Housing Development Finance Corporation
(2.24%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6312.32 down by 70.64 points or by
1.11%. The major losers were Aban Offshore (2.36%), CORE Education
and Technologies (2.17%), Alstom India (1.59%), A B G Shipyard
(1.39%) and A I A Engineering (1.21%).
The BSE Smallcap index was at 6139.76 down by 50.14 points or by
0.81%. The major losers were Advanta (3.88%), Aegis Logistics
(2.95%), Styrolution ABS (India) (1.89%), Action Construction
Equipment (1.53%) and Reliance MediaWorks (0.41%).
Sectors in Limelight
The Bankex index was at 12,994.45, down by 273.56 points or by
2.06%. The major losers were Canara Bank(3.79%), Bank Of Baroda
(2.79%), Federal Bank (2.47%), Bank Of India (2.4%) and H D F C
The Power index was at 1,632.61, down by 32.16 points or by
1.93%. The major losers were Bharat Heavy Electricals (4%), A B B
India (3.65%), Reliance Infrastructure (3.55%), Crompton Greaves
(2.99%) and Adani Power (0.65%).
The Capital Goods index was at 9,850.91, down by 187.84 points
or by 1.87%. The major losers were A B B India (3.65%), BEML
(3.62%), Alstom India (1.59%), A I A Engineering (1.21%) and Bharat
The Realty index was at 1,344.02, down by 24.54 points or by
1.79%. The major losers were Indiabulls Real Estate (4.6%), D L F
(3.07%), Housing Development and Infrastructure (2.91%), Prestige
Estates Projects (1.7%) and Parsvnath Developers (0.4%).
Market breadth was negative with 812 advances against 1,562
Value and Volume Toppers
I C I C I Bank topped the value chart on the BSE with a turnover
of Rs. 450.90 million. It was followed by Torrent Pharmaceuticals
(Rs. 378.01 million), State Bank Of India (Rs. 361.93 million) and
Tata Motors (Rs. 347.31 million).
The volume chart was led by Unitech with trades of over 2.78
million shares. It was followed by Shalimar Productions (2.71
million), VKS Projects (2.50 million) and Jaiprakash Associates