Sensex remains flat; Hindalco up, Tata Power down - The New Indian Express

Sensex remains flat; Hindalco up, Tata Power down

Published: 19th March 2014 03:18 PM

Last Updated: 19th March 2014 03:18 PM

Indian equities continued to trade in a listless manneron Wednesday. Metal, FMCG and banking stocksrallied whereas IT stocks registered a fall.

At 2.21 p.m., the Sensex was trading up 11.56 points or 0.05% at 21,844.17 with 18 components gaining. Meanwhile, the Nifty was trading higher by 12.35 points or 0.19% at 6,529 with 35 components gaining.

Sensex Movers

Housing Development Finance Corporation contributed rise of 24.95 points in the Sensex. It was followed by I C I C I Bank (16.64 points), I T C (15.82 points), Reliance Industries (13.07 points) and Tata Steel (12 points).

However, Tata Consultancy Services contributed fall of 43.47 points in the Sensex. It was followed by Infosys (31.07 points), Oil & Natural Gas Corporation (20.62 points), Mahindra & Mahindra (12.32 points) and Tata Power Company (9.34 points).

Major gainers in the 30-share index were Hindalco Industries (4.53%), Tata Steel (4.36%), Jindal Steel & Power (1.50%), Bharti Airtel (1.49%), Housing Development Finance Corporation (1.47%), and Sun Pharmaceutical Industries (1.18%).

On the other hand, Tata Power Company (4.41%), Tata Consultancy Services (3.79%), Mahindra & Mahindra (2.20%), Oil & Natural Gas Corporation (2.14%), Infosys (2.06%), and Coal India (1.63%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.51% and 0.60% respectively. The major gainers in the BSE Midcap were Amtek India (5.68%), A B G Shipyard (1.84%), Alstom India (1.27%), Amtek Auto (1.26%) and Amara Raja Batteries (0.11%).The major gainers in the BSE Smallcap were Reliance MediaWorks (2.3%), Aarti Industries (1.53%), Action Construction Equipment (1.47%), Advanta (1.42%) and A2Z Maintenance & Engineering Services (0.97%).

Sectors in Limelight

The Metal index was at 9,168.29, up by 217.08 points or by 2.43%. The major gainers were Hindalco Industries (4.53%), JSW Steel (2.68%), Hindustan Zinc (2.58%), Jindal Steel & Power (1.5%) and Bhushan Steel (0.39%).

The FMCG index was at 6,882.94, up by 62.48 points or by 0.92%. The major gainers were Godrej Consumer Products (2.45%), United Breweries (1.5%), I T C (0.67%), Colgate-Palmolive (India) (0.66%) and Hindustan Unilever (0.3%).

The Bankex index was at 13,931.61, up by 100.80 points or by 0.73%. The major gainers were I C I C I Bank (0.95%), Federal Bank (0.93%), H D F C Bank (0.48%), Bank Of Baroda (0.18%) and Canara Bank (0.1%).

On the other hand, the IT index was at 8,689.39, down by 177.71 points or by 2%. The major losers were Infosys (2.06%), Mphasis (1.98%), Oracle Financial Services Software (1.98%), Tech Mahindra (1.14%) and H C L Technologies (0.72%).

Market Breadth

Market breadth was negative with 1,443 advances against 1,248 declines.

Value and Volume Toppers

Zee Entertainment Enterprises topped the value chart on the BSE with a turnover of Rs. 1,303.65 million. It was followed by Polaris Financial Technology (Rs. 590.78 million), Tata Consultancy Services (Rs. 502.79 million) and Coal India (Rs. 458.83 million).

The volume chart was led by Zee Entertainment Enterprises with trades of over 4.65 million shares. It was followed by Ybrant Digital (4.33 million), Cals Refineries (4.23 million) and Unitech (3.26 million).

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