Sensex trades flat; PSU up, IT down - The New Indian Express

Sensex trades flat; PSU up, IT down

Published: 18th March 2014 03:18 PM

Last Updated: 18th March 2014 03:18 PM

Indian equitiespared most of its gains and is trading on a flat note on Tuesday.PSU and FMCG stocksrallied whereasIT stocks registered a fall.

At 2.30 p.m., the Sensex was trading up 10.19 points or 0.05% at 21,819.99 with 15 components gaining. Meanwhile, the Nifty was trading higher by 5.90 points or 0.09% at 6,510.10 with 29 components gaining.

Sensex Movers

I T C contributed rise of 49.98 points in the Sensex. It was followed by Reliance Industries (24.06 points), Maruti Suzuki India (22.18 points), State Bank Of India (20.01 points) and Oil & Natural Gas Corporation (18.04 points).

However, Housing Development Finance Corporation contributed fall of 28.83 points in the Sensex. It was followed by Tata Motors (21.05 points), Infosys (16.64 points), I C I C I Bank (15.42 points) and Larsen & Toubro (12 points).

Major gainers in the 30-share index were Maruti Suzuki India (7.48%), Jindal Steel & Power (2.52%), State Bank Of India (2.42%), Coal India (2.33%), I T C (2.13%), and Oil & Natural Gas Corporation (1.87%).

On the other hand, Tata Motors (2.92%), Housing Development Finance Corporation (1.70%), Mahindra & Mahindra (1.50%), Wipro (1.31%), Infosys (1.10%), and Larsen & Toubro (1.10%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.75% and 0.69% respectively. The major gainers in the BSE Midcap were A I A Engineering (2.74%), Aban Offshore (1.79%), Allcargo Logistics (1.34%), Allahabad Bank (0.99%) and Alstom India (0.51%).The major gainers in the BSE Smallcap were Adhunik Metaliks (4.99%), Styrolution ABS (India) (3.18%), Aarti Industries (3.16%), Advanta (0.67%) and Aegis Logistics (0.34%).

Sectors in Limelight

The PSU index was at 6,039.57, up by 93.23 points or by 1.57%. The major gainers were Bank Of India(3.59%), Andhra Bank (1.04%), Allahabad Bank (0.99%), Bank Of Baroda (0.64%) and Balmer Lawrie & Company (0.6%).

The FMCG index was at 6,793.96, up by 96.51 points or by 1.44%. The major gainers were Godrej Consumer Products (2.84%), I T C (2.13%), Dabur India (1.64%), Colgate-Palmolive (India) (0.82%) and Jubilant FoodWorks (0.05%).

On the other hand, the IT index was at 8,870.32, down by 69.73 points or by 0.78%. The major losers were Hexaware Technologies (1.32%), Wipro (1.31%), Infosys (1.1%), Tata Consultancy Services (0.73%) and H C L Technologies (0.04%).

Market Breadth

Market breadth was negative with 1,437 advances against 1,287 declines.

Value and Volume Toppers

Indusind Bank topped the value chart on the BSE with a turnover of Rs. 733.44 million. It was followed by L&T Finance Holdings (Rs. 494.15 million), Maruti Suzuki India (Rs. 441.46 million) and State Bank Of India (Rs. 391.39 million).

The volume chart was led by L&T Finance Holdings with trades of over 6.70 million shares. It was followed by KSS (2.96 million), Cals Refineries (2.90 million) and Unitech (2.31 million).

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