Sensex trades 115 points lower; Sun Pharma up, HDFC down - The New Indian Express

Sensex trades 115 points lower; Sun Pharma up, HDFC down

Published: 11th April 2014 02:18 PM

Last Updated: 11th April 2014 02:18 PM

Indian equities continue to remain lower in post noon trade on Friday. February IIP and retail inflation data is expected later in the day. Oil & gas and IT stocks witnessed a fall whereas healthcare and consumer durable stocks registered a rise.

At 1.16 p.m., the Sensex was trading down 115.30 points or 0.51% at 22,600.03 with 22 components falling. Meanwhile, the Nifty was trading lower by 37.70 points or 0.55% at 6,758.70 with 30 components falling.

Sensex Movers

Housing Development Finance Corporation contributed fall of 32.06 points in the Sensex. It was followed by Reliance Industries (22.39 points), I C I C I Bank (16.72 points), Infosys (16.27 points) and Tata Consultancy Services (9.12 points).

However, Sun Pharmaceutical Industries contributed rise of 12.27 points in the Sensex. It was followed by H D F C Bank (5.43 points), Bharti Airtel (4.33 points), NTPC (3.38 points) and Tata Steel (2.87 points).

Major gainers in the 30-share index were Sun Pharmaceutical Industries (2.32%), Dr Reddy'S Laboratories (1.26%), Cipla (1.17%), Tata Steel (1.01%), NTPC (0.81%), and Bharti Airtel (0.78%).

On the other hand, Housing Development Finance Corporation (1.82%), Mahindra & Mahindra (1.45%), Maruti Suzuki India (1.44%), G A I L (India) (1.30%), Hero Motocorp (1.24%), and Reliance Industries (1.16%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.48% and 0.78% respectively. The major gainers in the BSE Midcap were Amara Raja Batteries (4.36%), A I A Engineering (2.64%), Allcargo Logistics (1.3%), CORE Education and Technologies (1.12%) and Aban Offshore (0.64%).The major gainers in the BSE Smallcap were Trident (1.91%), Aarti Industries (1.73%), A2Z Maintenance & Engineering Services (1.4%), Reliance MediaWorks (0.25%) and Styrolution ABS (India) (0.05%).

Sectors in Limelight

The HC index was at 10,581.89, up by 144.38 points or by 1.38%. The major gainers were Aurobindo Pharma (1.92%), Biocon (1.7%), Dr Reddy'S Laboratories (1.26%), Cipla (1.17%) and Divis Laboratories (0.53%).

The Consumer Durables index was at 6,782.39, up by 83.05 points or by 1.24%. The major gainers were Videocon Industries (7.46%), Gitanjali Gems (5.59%), Bajaj Electricals (2.02%), Blue Star (1.3%) and Titan Company (0.57%).

The Oil & Gas index was at 9,710.75, down by 62.57 points or by 0.64%. The major losers were G A I L (India) (1.3%), Indian Oil Corporation (0.88%), Oil India (0.44%), Oil & Natural Gas Corporation (0.37%) and Hindustan Petroleum Corporation (0.28%).The IT index was at 8,653.45, down by 47.61 points or by 0.55%. The major losers were Wipro (1.06%), Infosys (1.04%), Financial Technologies (India) (0.93%), Tata Consultancy Services (0.77%) and Tech Mahindra (0.77%).

Market Breadth

Market breadth was negative with 1,378 advances against 1,187 declines.

Value and Volume Toppers

Adani Enterprises topped the value chart on the BSE with a turnover of Rs. 857.31 million. It was followed by I T C (Rs. 578.32 million), Reliance Capital (Rs. 396.90 million) and Wockhardt (Rs. 353.32 million).

The volume chart was led by Kingfisher Airlines with trades of over 6.61 million shares. It was followed by Cals Refineries (4.66 million), Sanghi Industries (4.48 million) and Housing Development and Infrastructure (3.79 million).

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