Sensex sluggish on weak rupee; realty down, metal up
Published: 22nd August 2013 12:18 PM
Last Updated: 22nd August 2013 12:18 PM
Indianmarkets continued to trade flat amid volatilityon Thursday
as rupee slippedto a record lowof 65.49 against the US dollar.
Realty, banking and capital goods witnessed a sharp fall. However,
metal and oil & gas witnessed a rise.
At 12.03 pm, the Sensex was trading up 36.97 points or 0.21% at
17,942.88 with 17 components gaining. Meanwhile, the Nifty was
trading lower by 27.40 points or 0.52% at 5,275.15 with 22
Oil & Natural Gas Corporation
contributed rise of 28.41 points in the Sensex. It was followed by
Infosys (17.04 points), Tata Motors (15.66 points), I T C (14.44
points) and Bharti Airtel (12.81 points).
However, H D F C Bank contributed fall of 34.94 points in the
Sensex. It was followed by Housing Development Finance Corporation
(25.24 points), I C I C I Bank (23.59 points), Maruti Suzuki India
(8.92 points) and Mahindra & Mahindra (7.47 points).
Biggest gainers in the 30-share index were Tata Steel (5.42%),
Sterlite Industries (India) (3.91%), Oil & Natural Gas
Corporation (3.59%), Bharti Airtel (2.91%), Tata Motors (2.65%),
and Hindalco Industries (2.36%).
On the other hand, Maruti Suzuki India (3.66%), H D F C Bank
(2.47%), Housing Development Finance Corporation (1.81%), NTPC
(1.69%), I C I C I Bank (1.65%), and Mahindra & Mahindra
(1.63%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 5239.52 down by 34.51 points or by
0.65%. The major losers were CORE Education and Technologies
(4.69%), A B G Shipyard (2.47%), Amara Raja Batteries (2.2%),
Alstom India (1.71%) and A I A Engineering (0.16%).
The BSE Smallcap index was at 5161.87 down by 19.25 points or by
0.37%. The major losers were Trident (3.2%), A2Z Maintenance &
Engineering Services (3.02%), Aarti Industries (1.63%), Action
Construction Equipment (1.32%) and Aanjaneya Lifecare (1.1%).
Sectors in Limelight
The Metal index was at 7,346.37, up by 195.38 points or by
2.73%. The major gainers were Hindustan Zinc (6.08%), JSW Steel
(4%), Jindal Steel & Power (2.36%), Hindalco Industries (2.36%)
and Bhushan Steel (0.99%).
The Oil & Gas index was at 7,869.78, up by 84.61 points or
by 1.09%. The major gainers were Bharat Petroleum Corporation
(4.35%), Oil & Natural Gas Corporation (3.59%), Hindustan
Petroleum Corporation (2.95%), Cairn India (0.95%) and Reliance
The Consumer Durables index was at 5,657.42, up by 47.97 points
or by 0.86%. The major gainers were Gitanjali Gems (4.94%),
Symphony (1.95%), Titan Industries (1.66%), Rajesh Exports (1.01%)
and T T K Prestige (0.83%).
On the other hand, the Realty index was at 1,214.79, down by
33.88 points or by 2.71%. The major losers were D L F (4.71%),
Godrej Properties (4.1%), Phoenix Mills (1.54%), Parsvnath
Developers (0.49%) and Oberoi Realty (0.18%).
Market breadth was negative with 765 advances against 1,039
Value and Volume Toppers
UltraTech Cement topped the value chart on the BSE with a
turnover of Rs. 2,032.41 million. It was followed by State Bank Of
India (Rs. 584.43 million), Yes Bank (Rs. 561.82 million) and
Cummins India (Rs. 432.09 million).
The volume chart was led by Cals Refineries with trades of over
3.46 million shares. It was followed by Yes Bank (2.34 million),
Jaiprakash Associates (1.79 million) and Jaiprakash Power Ventures