Sensex lackluster; consumer durables, IT stocks fall
Published: 13th September 2013 03:18 PM
Last Updated: 13th September 2013 03:18 PM
Indian equities continued to trade in a lackluster manneron
Friday due to weak rupee and subdued global cues. Consumer
durables, IT and FMCG stocks traded lower.
At 1.56 p.m., the Sensex was trading down 31.65 points or 0.16%
at 19,750.23 with 11 components falling. Meanwhile, the Nifty was
trading lower by 11 points or 0.19% at 5,839.70 with 15 components
I T C contributed fall of 33.14 points in the Sensex. It was
followed by Infosys (16.06 points), Bharti Airtel (15.88 points), H
D F C Bank (14.71 points) and Wipro (11.94 points).
However, Larsen & Toubro contributed rise of 18.03 points in
the Sensex. It was followed by Mahindra & Mahindra (12.03
points), I C I C I Bank (8.95 points), Bharat Heavy Electricals
(8.76 points) and Oil & Natural Gas Corporation (7.48
Major gainers in the 30-share index were Bharat Heavy
Electricals (4.53%), Hero Motocorp (2.86%), Tata Power Company
(2.42%), Mahindra & Mahindra (2.38%), Coal India (2.05%), and
Hindalco Industries (1.93%).
On the other hand, Wipro (4.32%), Bharti Airtel (3.28%), I T C
(1.56%), Tata Steel (1.20%), Infosys (1.18%), and H D F C Bank
(0.94%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.42% and 0.50% respectively. The major
gainers in the BSE Midcap were CORE Education and Technologies
(4.96%), Allahabad Bank (3.75%), Amtek Auto (1.27%), Alstom India
(0.83%) and A B G Shipyard (0.17%).The major gainers in the BSE
Smallcap were Adhunik Metaliks (6.14%), Action Construction
Equipment (4.26%), Styrolution ABS (India) (2.98%), Aarti
Industries (2.79%) and Reliance MediaWorks (0.54%).
Sectors in Limelight
The Power index was at 1,507.12, up by 28.98 points or by 1.96%.
The major gainers were Bharat Heavy Electricals (4.53%), Crompton
Greaves (4.37%), Reliance Infrastructure (3.62%), Adani Power (3%)
and A B B India (0.65%).
The Capital Goods index was at 7,982.29, up by 121.64 points or
by 1.55%. The major gainers were Bharat Heavy Electricals (4.53%),
Crompton Greaves (4.37%), Alstom India (0.83%), A B B India (0.65%)
and BEML (0.07%).
The PSU index was at 5,556.70, up by 84.31 points or by 1.54%.
The major gainers were Allahabad Bank(3.75%), Bank Of India
(2.63%), Bank Of Baroda (2.53%), Andhra Bank (1.96%) and Balmer
Lawrie & Company (0.21%).
On the other hand, the Consumer Durables index was at 5,754.56,
down by 84.6 points or by 1.45%. The major losers were Titan
Industries (2.84%), Gitanjali Gems (1.5%), Bajaj Electricals
(0.94%), Symphony (0.08%) and T T K Prestige (0.01%).
Market breadth was positive with 1,268 advances against 971
Value and Volume Toppers
Axis Bank topped the value chart on the BSE with a turnover of
Rs. 833.81 million. It was followed by Financial Technologies
(India) (Rs. 501.54 million), Yes Bank (Rs. 499.01 million) and
State Bank Of India (Rs. 382.65 million).
The volume chart was led by Cals Refineries with trades of over
8.11 million shares. It was followed by Karuturi Global (4.02
million), Suzlon Energy (3.97 million) and Jaiprakash Associates