Sensex turns marginally lower; Realty, Oil & Gas drop - The New Indian Express

Sensex turns marginally lower; Realty, Oil & Gas drop

Published: 17th October 2012 01:18 PM

Last Updated: 17th October 2012 01:18 PM

Indian equities turned negative with marginal fall in noon trade on Wednesday. At 12.07 p.m, the Sensex was trading down 3.14 points or 0.02% at 18,574.56 with 15 components falling. Meanwhile, the Nifty was trading lower by 6.45 points or 0.11% at 5,641.55 with 27 components falling.

The 30-share benchmark index, BSE Sensex opened with a gain of 90.02 points or 0.48% at 18,667.72, while the broad based NSE Nifty started with a rise of 33.10 points or 0.59%, at 5,681.10.

Sensex Movers

Reliance Industries contributed fall of 19.42 points in the Sensex. It was followed by Tata Consultancy Services (10.31 points), State Bank Of India (4.18 points), Hindustan Unilever (4.11 points) and H D F C Bank (3.77 points).

However, I T C contributed rise of 8.3 points in the Sensex. It was followed by Housing Development Finance Corporation (5.73 points), Infosys (5.52 points), I C I C I Bank (5.49 points) and Tata Power Company (4.31 points).

Major gainers in the 30-share index were Tata Power Company (2.17%), Maruti Suzuki India (0.74%), Wipro (0.58%), I T C (0.46%), Bharti Airtel (0.45%), and Housing Development Finance Corporation (0.43%).

On the other hand, G A I L (India) (1.57%), Tata Consultancy Services (1.15%), Reliance Industries (1.14%), Sterlite Industries (India) (0.80%), Hero Motocorp (0.70%), and Tata Steel (0.67%) were the major losers in the Sensex.

Mid-cap Space

The BSE Midcap index was at 6621.13 down by 11.88 points or by 0.18%. The major losers were Anant Raj Industries (2.02%), Allcargo Logistics (0.15%), Amtek India (0.1%), Allahabad Bank (0.04%) and A B G Shipyard (0.04%).

Sectors in Limelight

The Realty index was at 1,808.77, down by 13.37 points or by 0.73%. The major losers were D L F (2.5%), Anant Raj Industries (2.02%), Oberoi Realty (1.34%), Sobha Developers (0.88%) and Phoenix Mills (0.49%).

The Oil & Gas index was at 8,478.81, down by 44.69 points or by 0.52%. The major losers were G A I L (India) (1.57%), Reliance Industries (1.14%), Petronet LNG (0.7%), Bharat Petroleum Corporation (0.38%) and Oil India (0.17%).

The Metal index was at 10,357.91, down by 52.28 points or by 0.5%. The major losers were JSW Steel (3.24%), Hindustan Zinc (0.64%), Hindalco Industries (0.04%), Jindal Steel & Power (0.04%) and Bhushan Steel (0.01%).

On the other hand, the Consumer Durables index was at 7,181.95, up by 32.25 points or by 0.45%. The major gainers were C.Mahendra Exports (9.8%), Bajaj Electricals (0.83%), Titan Industries (0.42%), Rajesh Exports (0.36%) and Whirlpool Of India (0.02%).

Market Breadth

Market breadth was negative with 1,216 advances against 1,309 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 555.28 million. It was followed by State Bank Of India (Rs. 499.07 million), United Breweries (Holdings) (Rs. 252.92 million) and D B Realty (Rs. 208.67 million).

The volume chart was led by TV18 Broadcast with trades of over 5.63 million shares. It was followed by Kingfisher Airlines (5.51 million), Unitech (2.65 million) and Transgene Biotek (2.41 million).

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