Sensex plunges 246 points to close below 21,000 - The New Indian Express

Sensex plunges 246 points to close below 21,000

Published: 12th December 2013 04:18 PM

Last Updated: 12th December 2013 04:18 PM

Indian markets settled sharplylower on Thursday, led by auto, banking and metal stocksahead of October IIP and retail inflation data. At the close, the benchmark 30-share index, BSE Sensex lost 245.80 pointsor 1.16% at 20,925.61 with 26 components posting drop. Meanwhile, the broad based NSE Nifty fell by 73.40 points or 1.16% at 6,234.50 with 43 components posting drop.

Sensex Movers

I C I C I Bank contributed fall of 39.46 points in the Sensex. It was followed by Tata Motors (31.44 points), I T C (29.06 points), Oil & Natural Gas Corporation (24.99 points) and Reliance Industries (21.58 points).

However, Housing Development Finance Corporation contributed rise of 18.72 points in the Sensex. It was followed by Tata Power Company (7.8 points), NTPC (1.39 points), Jaiprakash Associates (1.05 points) and Reliance Infrastructure (0.47 points).

Biggest gainers in the 30-share index were Tata Power Company (3.84%), Housing Development Finance Corporation (1.15%), G A I L (India) (0.42%), and NTPC (0.36%).

On the other hand, Tata Motors (4.55%), Oil & Natural Gas Corporation (2.71%), Coal India (2.49%), I C I C I Bank (2.36%), Bajaj Auto (2.21%), and Maruti Suzuki India (1.99%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-0.21% and -0.32% respectively.The major losers in the BSE Midcap were Allahabad Bank(3.15%), Aban Offshore (1.93%), Amara Raja Batteries (0.8%), A I A Engineering (0.29%) and A B G Shipyard (0.21%).The major losers in the BSE Smallcap were Adhunik Metaliks (3.52%), Trident (3.48%), Action Construction Equipment (0.94%), Aarti Industries (0.67%) and Dr Datsons Labs (0.14%).

Sectors in Limelight

The Auto index was at 12,053.65, down by 270.57 points or by 2.2%. The major losers were Bajaj Auto (2.21%), Hero Motocorp (1.91%), Bharat Forge (1.17%), Mahindra & Mahindra (0.86%) and Exide Industries (0.81%).

The Bankex index was at 13,268.01, down by 191.27 points or by 1.42%. The major losers were Federal Bank (1.86%), Canara Bank (1.6%), Bank Of Baroda (1.31%), Bank Of India (0.44%) and H D F C Bank (0.37%).

The Metal index was at 9,682.46, down by 134.9 points or by 1.37%. The major losers were Coal India (2.49%), Hindustan Zinc (1.84%), Hindalco Industries (1.82%), Jindal Steel & Power (1.7%) and Bhushan Steel (0.45%).

On the other hand, the Power index was at 1,664.77, up by 6.82 points or by 0.41%. The major gainers were G M R Infrastructure (1.37%), A B B India (1.13%), C E S C (1.06%), Reliance Infrastructure (0.41%) and Adani Power (0.13%).

Market Breadth

Market breadth was negative with 1,084 advances against 1,436 declines.

Value and Volume Toppers

Tata Motors topped the value chart on the BSE with a turnover of Rs. 583.60 million. It was followed by Idea Cellular (Rs. 335.20 million), Axis Bank (Rs. 229.61 million) and Titan Company (Rs. 215.20 million).

The volume chart was led by Parikh Herbals with trades of over 2.64 million shares. It was followed by Jaiprakash Associates (2.25 million), Idea Cellular (1.94 million) and Sintex Industries (1.87 million).

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