Sensex falls 61 points; TCS up, BHEL down - The New Indian Express

Sensex falls 61 points; TCS up, BHEL down

Published: 20th March 2014 03:18 PM

Last Updated: 20th March 2014 03:18 PM

Indian equities continue to trade lower on Thursday. The US Federal Reserve has decided to taper its bond-buying program by another USD 10 billion, to USD 55 billion a month. Capital goods, realty and power stocks witnessed a fall whereas IT stocks registered a gain.

At 2.17 p.m., the Sensex was trading down 60.86 points or 0.28% at 21,772 with 21 components falling. Meanwhile, the Nifty was trading lower by 12.15 points or 0.19% at 6,511.90 with 40 components falling.

Sensex Movers

Housing Development Finance Corporation contributed fall of 31.77 points in the Sensex. It was followed by I T C (25.04 points), Larsen & Toubro (21.61 points), H D F C Bank (21.07 points) and I C I C I Bank (15 points).

However, Tata Consultancy Services contributed rise of 42.68 points in the Sensex. It was followed by Infosys (25 points), Hindustan Unilever (14.29 points), Wipro (6.15 points) and Sun Pharmaceutical Industries (5.66 points).

Major gainers in the 30-share index were Tata Consultancy Services (3.73%), Hindustan Unilever (2.04%), Wipro (2.02%), Infosys (1.66%), Sun Pharmaceutical Industries (1.11%), and Cipla (0.86%).

On the other hand, Bharat Heavy Electricals (3.06%), G A I L (India) (2.80%), Coal India (2.35%), Hero Motocorp (1.98%), Larsen & Toubro (1.98%), and Housing Development Finance Corporation (1.88%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 6738 down by 1.58 points or by 0.02%.The major losers were Aban Offshore (1.79%), CORE Education and Technologies (1.27%), Alstom India (0.55%), A I A Engineering (0.27%) and A B G Shipyard (0.14%).

Sectors in Limelight

The Capital Goods index was at 11,427.49, down by 196.8 points or by 1.69%. The major losers were Bharat Heavy Electricals (3.06%), BEML (1.13%), Alstom India (0.55%), A I A Engineering (0.27%) and A B B India (0.05%).

The Realty index was at 1,355.23, down by 20.38 points or by 1.48%. The major losers were D L F (3.45%), Indiabulls Real Estate (3%), Housing Development and Infrastructure (2.9%), Anant Raj (1.46%) and Godrej Properties (0.95%).

The Power index was at 1,619.03, down by 21.02 points or by 1.28%. The major losers were Bharat Heavy Electricals (3.06%), Reliance Infrastructure (1.64%), Adani Power (1.19%), C E S C (0.98%) and A B B India (0.05%).

On the other hand, the IT index was at 8,868.90, up by 200.77 points or by 2.32%. The major gainers were Hexaware Technologies (3.8%), Infosys (1.66%), H C L Technologies (1.28%), Mphasis (1.12%) and Oracle Financial Services Software (1.04%).

Market Breadth

Market breadth was negative with 1,224 advances against 1,463 declines.

Value and Volume Toppers

Glaxo SmithKline Pharmaceuticals topped the value chart on the BSE with a turnover of Rs. 816.27 million. It was followed by Polaris Financial Technology (Rs. 511.64 million), Tata Consultancy Services (Rs. 345.04 million) and Nestle India (Rs. 246.43 million).

The volume chart was led by Alok Industries with trades of over 3.97 million shares. It was followed by L&T Finance Holdings (3.26 million), Unitech (3.11 million) and Polaris Financial Technology (2.62 million).

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