Sensex plunges 185 points; Cipla, JSPL, ONGC drag - The New Indian Express

Sensex plunges 185 points; Cipla, JSPL, ONGC drag

Published: 13th February 2014 03:18 PM

Last Updated: 13th February 2014 03:18 PM

Indian equities continued to trade lower on Thursday. Banking and oil & gas stocks registered a fall. At 2.29 p.m., the Sensex was trading down 184.73 points or 0.90% at 20,263.76 with 26 components falling. Meanwhile, the Nifty was trading lower by 55.25 points or 0.91% at 6,028.75 with 44 components falling.

Sensex Movers

H D F C Bank contributed fall of 30.95 points in the Sensex. It was followed by Oil & Natural Gas Corporation (29.56 points), Housing Development Finance Corporation (29.11 points), I C I C I Bank (21.44 points) and Larsen & Toubro (13.56 points).

However, Tata Consultancy Services contributed rise of 14.51 points in the Sensex. It was followed by Mahindra & Mahindra (5.35 points), Sun Pharmaceutical Industries (5.01 points), D L F (3.19 points) and Tata Motors (3.02 points).

Major gainers in the 30-share index were Tata Consultancy Services (1.36%), Sun Pharmaceutical Industries (1.06%), Mahindra & Mahindra (1.03%), and Tata Motors (0.45%).

On the other hand, Cipla (6.61%), Jindal Steel & Power (4.08%), Oil & Natural Gas Corporation (3.31%), Coal India (2.89%), Hindalco Industries (2.85%), and Bharat Heavy Electricals (2.77%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-0.52% and -0.72% respectively.The major losers in the BSE Midcap were Allahabad Bank(2.36%), Amara Raja Batteries (1.04%), Alstom India (0.9%), Allcargo Logistics (0.8%) and A B G Shipyard (0.72%).The major losers in the BSE Smallcap were Trident (1.78%), Styrolution ABS (India) (1.22%), Dr Datsons Labs (1.04%), Adhunik Metaliks (0.85%) and Action Construction Equipment (0.32%).

Sectors in Limelight

The Bankex index was at 11,658.92, down by 172.59 points or by 1.46%. The major losers were Bank Of Baroda(4.66%), Bank Of India (3.35%), Canara Bank (2.1%), H D F C Bank (1.94%) and Federal Bank (1.67%).

The Oil & Gas index was at 8,320.93, down by 120.15 points or by 1.42%. The major losers were Hindustan Petroleum Corporation (3.73%), Bharat Petroleum Corporation (2.8%), G A I L (India) (1.42%), Castrol India (0.98%) and Cairn India (0.05%).

Market Breadth

Market breadth was negative with 885 advances against 1,600 declines.

Value and Volume Toppers

Greaves Cotton topped the value chart on the BSE with a turnover of Rs. 337.68 million. It was followed by Maruti Suzuki India (Rs. 292.21 million), Tata Steel (Rs. 281.82 million) and Lovable Lingerie (Rs. 273.08 million).

The volume chart was led by Greaves Cotton with trades of over 5.85 million shares. It was followed by Unitech (2.74 million), Indian Infotech and Software (2.18 million) and Apollo Tyres (2.07 million).

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