Sensex ends 110 points lower; Power, Metal, CG drop
Published: 19th October 2012 04:18 PM
Last Updated: 19th October 2012 04:18 PM
Indian markets dropped on Friday amid weak European markets.
Power, metaland capital goods stocks led the fall.European and
Asian technology shares fell after worse-than-expected earnings for
Microsoft Corp. and Google Inc.
At the close, the benchmark 30-share index, BSE Sensex lost
109.62 or 0.58% at 18,682.31 with 24 components posting drop.
Meanwhile, the broad based NSE Nifty went down by 34.45 or 0.60% at
5,684.25 with 42 components registering drop.
Reliance Industries contributed fall of
16.41 points in the Sensex. It was followed by H D F C Bank (16.12
points), Housing Development Finance Corporation (15.67 points),
Larsen & Toubro (12.68 points) and I C I C I Bank (12.2
However, I T C contributed rise of 38.37 points in the Sensex.
It was followed by Infosys (4.35 points), Bharti Airtel (1.38
points), Hero Motocorp (1.13 points) and D L F (0.42 points).
Major gainers in the 30-share index were I T C (2.09%), Hero
Motocorp (0.54%), Dr Reddy"S Laboratories (0.43%), Bharti Airtel
(0.34%), Infosys (0.32%), and Oil & Natural Gas Corporation
On the other hand, Hindalco Industries (2.54%), Jindal Steel
& Power (2.53%), G A I L (India) (2.31%), Bharat Heavy
Electricals (2.02%), Tata Power Company (1.82%), and Hindustan
Unilever (1.58%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts declining 0.52% and 0.34% respectively.The major
losers in the BSE Midcap were Anant Raj Industries (3.28%), Aban
Offshore (1.28%), CORE Education and Technologies (1.04%), Amtek
India (0.45%) and Allahabad Bank (0.35%).The major losers in the
BSE Smallcap were A2Z Maintenance & Engineering Services
(3.55%), Styrolution ABS (India) (1.3%), Adhunik Metaliks (0.61%),
Action Construction Equipment (0.6%) and Aanjaneya Lifecare
Sectors in Limelight
The Power index was at 2,018.26, down by 29.42 points or by
1.44%. The major losers were Adani Power (2.39%), Bharat Heavy
Electricals (2.02%), Crompton Greaves (1.7%), Reliance
Infrastructure (1.5%) and A B B (0.24%).
The Metal index was at 10,351.40, down by 138.56 points or by
1.32%. The major losers were Hindalco Industries (2.54%), Jindal
Steel & Power (2.53%), Coal India (1.57%), Bhushan Steel
(0.51%) and Hindustan Zinc (0.41%).
The Capital Goods index was at 11,068.92, down by 122.27 points
or by 1.09%. The major losers were Bharat Heavy Electricals
(2.02%), Crompton Greaves (1.7%), BEML (1.15%), Bharat Electronics
(0.72%) and A B B (0.24%).
On the other hand, the FMCG index was at 5,901.97, up by 49.19
points or by 0.84%. The major gainers were I T C (2.09%), Nestle
India (1.36%), United Spirits (0.46%), Colgate-Palmolive (India)
(0.42%) and United Breweries (0.22%).
Market breadth was negative with 1,302 advances against 1,608
Value and Volume Toppers
L I C Housing Finance topped the value chart on the BSE with a
turnover of Rs. 566.32 million. It was followed by United Spirits
(Rs. 473.87 million), Reliance Industries (Rs. 447.07 million) and
Reliance Capital (Rs. 381.73 million).
The volume chart was led by Subex with trades of over 5.73
million shares. It was followed by TV18 Broadcast (5.16 million),
Spicejet (2.93 million) and Housing Development and Infrastructure