Sensex trades sluggish; Tata Power, Wipro, Hero Motocorp fall - The New Indian Express

Sensex trades sluggish; Tata Power, Wipro, Hero Motocorp fall

Published: 24th December 2013 03:18 PM

Last Updated: 24th December 2013 03:18 PM

Indian equities continued to trade in a sluggish mannerpost noon trade on Tuesday. Metal, banking and oil & gasstocks registered a fall whereas capital goods and healthcare stocks witnessed a rise.

At 2.42 p.m., the Sensex was trading down 59.04 points or 0.28% at 21,041.99 with 18 components falling. Meanwhile, the Nifty was trading lower by 5.50 points or 0.09% at 6,279 with 28 components falling.

Sensex Movers

Housing Development Finance Corporation contributed fall of 20.71 points in the Sensex. It was followed by H D F C Bank (16.09 points), Oil & Natural Gas Corporation (8.2 points), Sun Pharmaceutical Industries (5.8 points) and Tata Power Company (5.62 points).

However, Larsen & Toubro contributed rise of 7.36 points in the Sensex. It was followed by Bharat Heavy Electricals (3.29 points), Tata Consultancy Services (2.91 points), NTPC (2.85 points) and I C I C I Bank (2.68 points).

Biggest gainers in the 30-share index were Bajaj Auto (2.20%), Bharat Heavy Electricals (1.60%), Dr Reddy's Laboratories (0.83%), NTPC (0.73%), Larsen & Toubro (0.70%), and Mahindra & Mahindra (0.31%).

On the other hand, Tata Power Company (2.75%), Wipro (1.69%), Hero Motocorp (1.47%), Hindalco Industries (1.42%), Jindal Steel & Power (1.29%), and Housing Development Finance Corporation (1.27%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.42% and 0.94% respectively. The major gainers in the BSE Midcap were Aban Offshore (8.97%), CORE Education and Technologies (3.77%), A B G Shipyard (1.91%), A I A Engineering (0.6%) and Alstom India (0.43%).The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (20%), Adhunik Metaliks (2.59%), Reliance MediaWorks (0.6%), Aarti Industries (0.53%) and Styrolution ABS (India) (0.43%).

Sectors in Limelight

The Metal index was at 9,806.95, down by 121.52 points or by 1.22%. The major losers were Hindustan Zinc (2.93%), Hindalco Industries (1.42%), Jindal Steel & Power (1.29%), Coal India (0.3%) and Bhushan Steel (0.06%).

The Bankex index was at 12,946.52, down by 46.94 points or by 0.36%. The major losers were Federal Bank (1.92%), Bank Of Baroda (1.59%), Indusind Bank (1.48%), H D F C Bank (0.97%) and Kotak Mahindra Bank (0.24%).

The Oil & Gas index was at 8,813.93, down by 14.42 points or by 0.16%. The major losers were Oil & Natural Gas Corporation (0.88%), Cairn India (0.7%), Oil India (0.56%), G A I L (India) (0.56%) and Petronet LNG (0.12%).

On the other hand, the Capital Goods index was at 10,241.09, up by 63.85 points or by 0.63%. The major gainers were BEML (2.12%), Bharat Electronics (1.16%), A B B India (0.64%), A I A Engineering (0.6%) and Alstom India (0.43%).

Market Breadth

Market breadth was positive with 1,387 advances against 1,040 declines.

Value and Volume Toppers

Bajaj Auto topped the value chart on the BSE with a turnover of Rs. 647.90 million. It was followed by Aban Offshore (Rs. 429.01 million), Apollo Tyres (Rs. 336.48 million) and Aurobindo Pharma (Rs. 323.67 million).

The volume chart was led by Hindustan Motors with trades of over 8.49 million shares. It was followed by Spicejet (3.69 million), Apollo Tyres (3.34 million) and Jai Corp (3.30 million).

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