Sensex turns negative; IT stocks fall - The New Indian Express

Sensex turns negative; IT stocks fall

Published: 16th April 2014 01:18 PM

Last Updated: 16th April 2014 01:18 PM

Indian equities turned negative in the noon trade onWednesday led by losses seen in IT, technology and capital goods whereas FMCG and bankingstocks gained.

At 12.37 p.m., the Sensex was trading down 12.31 points or 0.05% at 22,472.62 with 15 components falling. Meanwhile, the Nifty was trading lower by 0.25 pointsat 6,732.85 with 24 components falling.

Sensex Movers

Infosys contributed fall of 34.84 points in the Sensex. It was followed by Housing Development Finance Corporation (25.21 points), Tata Consultancy Services (19.41 points), Larsen & Toubro (12.26 points) and Wipro (3.69 points).

However, I T C contributed rise of 38.93 points in the Sensex. It was followed by I C I C I Bank (19.58 points), H D F C Bank (15.44 points), Reliance Industries (10.76 points) and State Bank Of India (6.01 points).

Biggest gainers in the 30-share index were Maruti Suzuki India (1.92%), I T C (1.61%), Tata Steel (1.44%), I C I C I Bank (1.09%), Jindal Steel & Power (1.02%), and Hindalco Industries (0.93%).

On the other hand, Infosys (2.25%), Tata Consultancy Services (1.65%), Bharat Heavy Electricals (1.54%), Housing Development Finance Corporation (1.44%), Wipro (1.17%), and Larsen & Toubro (1.09%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 7,309.34 down by 2.65 points or by 0.04%. The major losers were Anant Raj (2.45%), CORE Education and Technologies (1.76%), Apollo Tyres (0.9%), A I A Engineering (0.13%) and A B G Shipyard (0.06%).

Sectors in Limelight

The FMCG index was at 6,946.63, up by 69.83 points or by 1.02%. The major gainers were I T C (1.61%), Godrej Consumer Products (1.2%), Colgate-Palmolive (India) (0.69%), Hindustan Unilever (0.4%) and Dabur India (0.36%).

The Bankex index was at 14,483.96, up by 97.51 points or by 0.68%. The major gainers were Bank Of Baroda(1.81%), Indusind Bank (1.21%), I C I C I Bank (1.09%), H D F C Bank (0.87%) and Federal Bank (0.27%).

On the other hand, the IT index was at 8,894.83, down by 130.81 points or by 1.45%. The major losers were Infosys (2.25%), Tata Consultancy Services (1.65%), Hexaware Technologies (1.52%), Mphasis (1.01%) and Oracle Financial Services Software (0.87%).

Market Breadth

Market breadth was negative with 1,250 advances against 1,175 declines.

Value and Volume Toppers

Adani Enterprises topped the value chart on the BSE with a turnover of Rs. 1,378.67 million. It was followed by Kotak Mahindra Bank (Rs. 320.63 million), Future Retail (Rs. 310.93 million) and Reliance Infrastructure (Rs. 306.79 million).

The volume chart was led by Birla Cotsyn (India) with trades of over 5.66 million shares. It was followed by Kingfisher Airlines (4.20 million), Adani Enterprises (2.99 million) and Future Retail (2.93 million).

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