Sensex plunges over 150 points; oil & gas, banks drag - The New Indian Express

Sensex plunges over 150 points; oil & gas, banks drag

Published: 13th February 2014 02:18 PM

Last Updated: 13th February 2014 02:18 PM

Indian equitiesfell further in the post noon trade on Thursday.Oil & gas and banking stocks registered a fall whereas realty stocks witnessed a gain.

At 1.20 p.m., the Sensex was trading down 158.77 points or 0.78% at 20,289.72 with 25 components falling. Meanwhile, the Nifty was trading lower by 51.70 points or 0.85% at 6,032.30 with 41 components falling.

Sensex Movers

Oil & Natural Gas Corporation contributed fall of 27.22 points in the Sensex. It was followed by Housing Development Finance Corporation (23.82 points), H D F C Bank (22.81 points), I C I C I Bank (15.31 points) and State Bank Of India (13.37 points).

However, Tata Consultancy Services contributed rise of 8.2 points in the Sensex. It was followed by Sun Pharmaceutical Industries (5.98 points), Tata Motors (5.34 points), Mahindra & Mahindra (5.07 points) and D L F (2.52 points).

Biggest gainers in the 30-share index were Sun Pharmaceutical Industries (1.26%), Mahindra & Mahindra (0.98%), Tata Motors (0.80%), Tata Consultancy Services (0.77%), and Hero Motocorp (0.05%).

On the other hand, Cipla (6.64%), Coal India (3.56%), Oil & Natural Gas Corporation (3.04%), Jindal Steel & Power (2.80%), Bharti Airtel (2%), and Bharat Heavy Electricals (1.94%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-0.39% and -0.55% respectively.The major losers in the BSE Midcap were Allahabad Bank(2.36%), Amtek Auto (1.88%), Allcargo Logistics (1.75%), Alstom India (0.77%) and Amara Raja Batteries (0.73%).The major losers in the BSE Smallcap were Trident (1.72%), Styrolution ABS (India) (1.22%), Action Construction Equipment (1.11%), Adhunik Metaliks (1.02%) and A2Z Maintenance & Engineering Services (0.58%).

Sectors in Limelight

The Oil & Gas index was at 8,332.67, down by 108.41 points or by 1.28%. The major losers were Bharat Petroleum Corporation (2.55%), Hindustan Petroleum Corporation (2.26%), Indian Oil Corporation (2.18%), G A I L (India) (1.36%) and Castrol India (0.85%).

The Bankex index was at 11,682.26, down by 149.25 points or by 1.26%. The major losers were Bank Of Baroda(4.4%), Bank Of India (3.04%), Canara Bank (1.92%), Federal Bank (1.8%) and H D F C Bank (1.42%).

On the other hand, the Realty index was at 1,213.81, up by 9.55 points or by 0.79%. The major gainers were D L F (2.14%), Prestige Estates Projects (1.43%), Housing Development and Infrastructure (0.72%), Sobha Developers (0.58%) and Parsvnath Developers (0.18%).

Market Breadth

Market breadth was negative with 863 advances against 1,494 declines.

Value and Volume Toppers

Greaves Cotton topped the value chart on the BSE with a turnover of Rs. 336.19 million. It was followed by Maruti Suzuki India (Rs. 286.75 million), Lovable Lingerie (Rs. 246.87 million) and Tata Steel (Rs. 243.83 million).

The volume chart was led by Greaves Cotton with trades of over 5.82 million shares. It was followed by Apollo Tyres (1.75 million), Unitech (1.63 million) and Spicejet (1.60 million).

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