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

Sensex remains flat; Power up, Bankex down

Published: 06th December 2013 02:18 PM

Last Updated: 06th December 2013 02:18 PM

Indian equities remained flat amid volatility in the post noon trade on Friday. Consumer durables and power stocks witnessed arise while bankingstocks registered a fall.

The upward revision in the US GDP dataraised fear among investorsabout tapering of Federal bond buying program. Investors are also cautious ahead of US jobs data, which will be released later today.

At 1.44 pm, the Sensex was trading down 6.81 points or 0.03% at 20,951 with 11 components falling. Meanwhile, the Nifty was trading higher by 7 points or 0.11% at 6,248.10 with 31 components gaining.

Sensex Movers

Housing Development Finance Corporation contributed fall of 24.43 points in the Sensex. It was followed by H D F C Bank (19.11 points), Reliance Industries (13.83 points), Infosys (11.71 points) and Bharti Airtel (5.81 points).

However, I T C contributed rise of 15.3 points in the Sensex. It was followed by NTPC (11.97 points), Tata Power Company (8.28 points), Oil & Natural Gas Corporation (7.94 points) and Tata Consultancy Services (5.44 points).

Biggest gainers in the 30-share index were Tata Power Company (4.07%), Coal India (3.36%), NTPC (3.09%), Hero Motocorp (2.25%), Dr Reddy"S Laboratories (0.89%), and Sun Pharmaceutical Industries (0.88%).

On the other hand, Housing Development Finance Corporation (1.50%), Hindalco Industries (1.31%), H D F C Bank (1.16%), Bharti Airtel (1.13%), Infosys (0.81%), and Reliance Industries (0.77%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.43% and 0.27% respectively. The major gainers in the BSE Midcap were Amara Raja Batteries (4.78%), A I A Engineering (4.27%), A B G Shipyard (3.73%), Allahabad Bank (0.43%) and Amtek Auto (0.28%).The major gainers in the BSE Smallcap were Ahluwalia Contracts (India) (4.85%), Adhunik Metaliks (1.78%), Reliance MediaWorks (1.19%), Advanta (0.97%) and Action Construction Equipment (0.85%).

Sectors in Limelight

The Power index was at 1,699.72, up by 31.38 points or by 1.88%. The major gainers were Crompton Greaves (1.97%), Adani Power (1.4%), C E S C (0.55%), A B B India (0.48%) and Bharat Heavy Electricals (0.41%).

The Consumer Durables index was at 5,828.06, up by 90.65 points or by 1.58%. The major gainers were Whirlpool Of India (3.87%), Gitanjali Gems (3.48%), Blue Star (1.69%), Bajaj Electricals (0.65%) and Symphony (0.22%).

The PSU index was at 5,940.34, up by 71.56 points or by 1.22%. The major gainers were BEML (6.27%), Bank Of India (0.99%), Balmer Lawrie & Company (0.94%), Bank Of Baroda (0.58%) and Allahabad Bank (0.43%).

On the other hand, the Bankex index was at 13,266.73, down by 31.53 points or by 0.24%. The major losers were H D F C Bank (1.16%), Yes Bank (1.05%), Kotak Mahindra Bank (1.05%), IDBI Bank (0.3%) and I C I C I Bank (0.18%).

Market Breadth

Market breadth was negative with 1,185 advances against 1,130 declines.

Value and Volume Toppers

Infosys topped the value chart on the BSE with a turnover of Rs. 339.54 million. It was followed by Tata Motors (Rs. 224.81 million), Axis Bank (Rs. 215.09 million) and State Bank Of India (Rs. 202.11 million).

The volume chart was led by Cals Refineries with trades of over 3.55 million shares. It was followed by I V R C L (2.94 million), Unitech (1.99 million) and Adani Power (1.66 million).

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