Sensex turns negative; HDFC Bk, CIL drag - The New Indian Express

Sensex turns negative; HDFC Bk, CIL drag

Published: 17th December 2013 03:18 PM

Last Updated: 17th December 2013 03:18 PM

Indian equities turned negative in post noon trade on Tuesday, as investors remained cautious ahead of the Reserve Bank of India and the US Federal Reserve's policy meetings. At 2.14 p.m., the Sensex was trading down 15.56 points or 0.08% at 20,643.96 with 15 components falling. Meanwhile, the Nifty was trading higher by 3 points or 0.05% at 6,157.70 with 24 components gaining.

Sensex Movers

H D F C Bank contributed fall of 58.1 points in the Sensex. It was followed by Housing Development Finance Corporation (27.15 points), State Bank Of India (5.67 points), NTPC (5.53 points) and Tata Motors (3.89 points).

However, Bharti Airtel contributed rise of 20.94 points in the Sensex. It was followed by Tata Consultancy Services (20.25 points), I T C (14.17 points), Sun Pharmaceutical Industries (10.41 points) and I C I C I Bank (3.98 points).

Biggest gainers in the 30-share index were Bharti Airtel (4.14%), Cipla (2.47%), Sun Pharmaceutical Industries (2.15%), Tata Consultancy Services (1.87%), Dr Reddy'S Laboratories (0.69%), and Hero Motocorp (0.68%).

On the other hand, H D F C Bank (3.57%), Coal India (2.88%), Housing Development Finance Corporation (1.69%), NTPC (1.45%), Bajaj Auto (1.23%), and Bharat Heavy Electricals (0.74%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.21% and 0.19% respectively. The major gainers in the BSE Midcap were Amara Raja Batteries (1.79%), Arvind (1.66%), Aban Offshore (1%), Apollo Tyres (0.59%) and A B G Shipyard (0.32%).The major gainers in the BSE Smallcap were Aegis Logistics (2.16%), Action Construction Equipment (0.78%), Aarti Industries (0.56%), Advanta (0.34%) and Reliance MediaWorks (0.21%).

Sectors in Limelight

The HC index was at 9,618.61, up by 131.73 points or by 1.39%. The major gainers were Cipla (2.47%), Aurobindo Pharma (2.31%), Divis Laboratories (1.78%), Biocon (1.13%) and Dr Reddy'S Laboratories (0.69%).

The TECk index was at 4,890.77, up by 39.82 points or by 0.82%. The major gainers were Deccan Chronicle Holdings (4.84%), Bharti Airtel (4.14%), HT Media (0.52%), Infosys (0.24%) and Reliance MediaWorks (0.21%).

On the other hand, the Bankex index was at 12,844.57, down by 118.37 points or by 0.91%. The major losers were H D F C Bank (3.57%), Canara Bank (2.53%), Bank Of Baroda (1.11%), IDBI Bank (1.05%) and Bank Of India (0.46%).

Market Breadth

Market breadth was negative with 1,145 advances against 1,123 declines.

Value and Volume Toppers

Glenmark Pharmaceutical topped the value chart on the BSE with a turnover of Rs. 1,152.98 million. It was followed by Indusind Bank (Rs. 813.41 million), Wockhardt (Rs. 672.24 million) and Aurobindo Pharma (Rs. 495.43 million).

The volume chart was led by Apollo Tyres with trades of over 3.90 million shares. It was followed by Shalimar Productions (2.19 million), Glenmark Pharmaceutical (2.19 million) and Indusind Bank (1.95 million).

From Around the Web