Sensex falls 135 points; ICICI Bank, Bharti, Tata Steel drag - The New Indian Express

Sensex falls 135 points; ICICI Bank, Bharti, Tata Steel drag

Published: 20th February 2014 03:18 PM

Last Updated: 20th February 2014 03:18 PM

Indian equities continue to trade lower on Thursday. Banking and metal stocks witnessed a fall.

At 2.53 p.m., the Sensex was trading down 134.72 points or 0.65% at 20,588.25 with 23 components falling. Meanwhile, the Nifty was trading lower by 41.65 points or 0.68% at 6,111.10 with 42 components falling.

Sensex Movers

I C I C I Bank contributed fall of 33.4 points in the Sensex. It was followed by I T C (28.63 points), Housing Development Finance Corporation (14.22 points), H D F C Bank (14.2 points) and Infosys (12.09 points).

However, Jaiprakash Associates contributed rise of 5.37 points in the Sensex. It was followed by Larsen & Toubro (4.82 points), Tata Power Company (2.57 points), Wipro (1.58 points) and Tata Consultancy Services (1.16 points).

Biggest gainers in the 30-share index were Dr Reddy'S Laboratories (1.77%), Tata Power Company (1.29%), Bajaj Auto (1.20%), Wipro (0.55%), Larsen & Toubro (0.47%), and Tata Consultancy Services (0.11%).

On the other hand, I C I C I Bank (2.03%), Bharti Airtel (1.88%), Tata Steel (1.56%), State Bank Of India (1.51%), G A I L (India) (1.33%), and I T C (1.30%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Smallcap index was at 6364.78 down by 7.42 points or by 0.12%.The major losers were Ahluwalia Contracts (India) (3.09%), Wagend Infra Venture (1.95%), Adhunik Metaliks (0.17%), A2Z Maintenance & Engineering Services (0.1%) and Aegis Logistics (0.03%).

Sectors in Limelight

The Bankex index was at 11,910.61, down by 198.78 points or by 1.64%. The major losers were Bank Of Baroda(3.36%), Bank Of India (2.54%), Canara Bank (1.92%), Federal Bank (1.75%) and H D F C Bank (0.87%).

The Metal index was at 8,905.23, down by 79.95 points or by 0.89%. The major losers were NMDC (1.2%), Hindalco Industries (1.06%), Coal India (1.04%), Bhushan Steel (0.58%) and Jindal Steel & Power (0.12%).

Market Breadth

Market breadth was negative with 1,137 advances against 1,502 declines.

Value and Volume Toppers

Multi Commodity Exchange of India topped the value chart on the BSE with a turnover of Rs. 559.07 million. It was followed by Financial Technologies (India) (Rs. 413.71 million), United Spirits (Rs. 355.41 million) and Tata Elxsi (Rs. 328.10 million).

The volume chart was led by Jaiprakash Associates with trades of over 3.63 million shares. It was followed by Unitech (3.46 million), Shree Renuka Sugars (3.45 million) and Idea Cellular (2.22 million).

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