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

Sensex remains flat; Tata Power up, HDFC down

Published: 06th December 2013 03:18 PM

Last Updated: 06th December 2013 03:18 PM

Indian equitiesremained flattowards closing on Friday. Power, consumer durables and PSU stocks witnessed a rise. While IT stocks registered a fall.

At 2.55 pm, the Sensex was trading up 17.88 points or 0.09% at 20,975.69 with 21 components gaining. Meanwhile, the Nifty was trading higher by 18.20 points or 0.29% at 6,259.30 with 34 components gaining.

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

Sensex Movers

I T C contributed rise of 19.69 points in the Sensex. It was followed by Tata Power Company (11.58 points), Oil & Natural Gas Corporation (11.13 points), NTPC (10.64 points) and Larsen & Toubro (7.32 points).

However, Housing Development Finance Corporation contributed fall of 27.51 points in the Sensex. It was followed by H D F C Bank (18.65 points), Infosys (10.75 points), Reliance Industries (10.23 points) and Hindustan Unilever (5.31 points).

Biggest gainers in the 30-share index were Tata Power Company (5.69%), Coal India (3.76%), NTPC (2.74%), Hero Motocorp (2.29%), Oil & Natural Gas Corporation (1.20%), and I T C (0.87%).

On the other hand, Housing Development Finance Corporation (1.69%), Hindalco Industries (1.15%), H D F C Bank (1.13%), Bharti Airtel (1.03%), Hindustan Unilever (0.79%), and Infosys (0.74%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.61% and 0.57% respectively. The major gainers in the BSE Midcap were Amara Raja Batteries (4.48%), A I A Engineering (3.68%), A B G Shipyard (3.22%), Allahabad Bank (0.92%) and Alstom India (0.51%).The major gainers in the BSE Smallcap were Action Construction Equipment (2.62%), Adhunik Metaliks (1.24%), Reliance MediaWorks (1.19%), Aarti Industries (0.44%) and Advanta (0.23%).

Sectors in Limelight

The Power index was at 1,706.10, up by 37.76 points or by 2.26%. The major gainers were Adani Power (2.3%), Crompton Greaves (1.89%), Bharat Heavy Electricals (0.64%), C E S C (0.61%) and A B B India (0.33%).

The Consumer Durables index was at 5,830.45, up by 93.04 points or by 1.62%. The major gainers were Whirlpool Of India (3.98%), Symphony (2.95%), Gitanjali Gems (2.63%), Blue Star (2%) and Bajaj Electricals (0.79%).

The PSU index was at 5,959.83, up by 91.05 points or by 1.55%. The major gainers were Bank Of Baroda(1.47%), Bank Of India (1.01%), Balmer Lawrie & Company (0.99%), Allahabad Bank (0.92%) and Andhra Bank (0.48%).

On the other hand, the IT index was at 8,426.10, down by 0.19 points or by 0%. The major losers were Hexaware Technologies (1.62%), Mphasis (1.55%), Infosys (0.74%), Tech Mahindra (0.27%) and Oracle Financial Services Software (0.08%).

Market Breadth

Market breadth was negative with 1,285 advances against 1,128 declines.

Value and Volume Toppers

Infosys topped the value chart on the BSE with a turnover of Rs. 421.03 million. It was followed by I C I C I Bank (Rs. 351.58 million), Tata Motors (Rs. 317.49 million) and Axis Bank (Rs. 304.35 million).

The volume chart was led by I V R C L with trades of over 3.20 million shares. It was followed by Shalimar Productions (3.18 million), Adani Power (2.70 million) and Yantra Natural Resources (2.60 million).

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