Indian markets continued to trade lower as European market
opened in the negative terrain. Oil & gas, consumer durables
and technology stocks witnessed profit booking while healthcare and
At 01.48 p.m., the Sensex was trading down 32.87 points or 0.17%
at 19,391.23 with 18 components falling. Meanwhile, the Nifty was
trading lower by 9.40 points or 0.16% at 5,898 with 30 components
falling. European stocks fell as Italian Prime Minister Mario
Monti's intended resignation and a delayed Greek bond buyback
reignited concern about the debt crisis. U.S. futures and Asian
The 30-share benchmark index, BSE Sensex opened flat with a rise
of 18.09 points or 0.09% at 19,442.19, while the broad based NSE
Nifty started with a rise of 8.65 points or 0.15%, at 5,916.05.
Reliance Industries contributed fall of 20.79 points in the
Sensex. It was followed by Tata Consultancy Services (18.61
points), ICICI Bank (10.11 points), Bharti Airtel (7.72 points) and
Larsen & Toubro (6.76 points).
However, Housing Development Finance Corporation contributed
rise of 36.19 points in the Sensex. It was followed by Hindustan
Unilever (5.3 points), Tata Steel (3.34 points), Infosys (2.6
points) and Wipro (2.48 points).
Biggest gainers in the 30-share index were Housing Development
Finance Corporation (2.37%), Dr Reddy's Laboratories (1.72%), Tata
Steel (1.08%), Cipla (1.01%), Hero Motocorp (0.91%), and Bajaj Auto
On the other hand, Tata Consultancy Services (2.05%), NTPC
(1.63%), Bharti Airtel (1.46%), Reliance Industries (1.25%),
Mahindra & Mahindra (1.08%), and Hindalco Industries (1.05%)
were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.45% and 0.29% respectively. The major
gainers in the BSE Midcap were Allahabad Bank(1.89%), Andhra Bank
(1.1%), Anant Raj Industries (0.51%), CORE Education and
Technologies (0.23%) and Amtek Auto (0.07%).The major gainers in
the BSE Smallcap were Styrolution ABS (India) (6.26%), Aarti
Industries (3.82%), Trident (3.67%), Adhunik Metaliks (2.29%) and
Aanjaneya Lifecare (1.27%).
Sectors in Limelight
The Oil & Gas index was at 8,434.72, down by 76.05 points or
by 0.89%. The major losers were Bharat Petroleum Corporation (2%),
Cairn India (1.64%), Hindustan Petroleum Corporation (0.6%), Indian
Oil Corporation (0.53%) and Gujarat State Petronet (0.32%).
The Consumer Durables index was at 8,079.15, down by 65.55
points or by 0.8%. The major losers were Titan Industries (2.62%)
and V I P Industries (1.54%).
The TECk index was at 3,392.41, down by 18.56 points or by
0.54%. The major losers were Mphasis (1.99%), Idea Cellular (1.5%),
Bharti Airtel (1.38%), Dish TV India (1.36%) and G T L
Market breadth was negative with 1,433 advances against 1,373
Value and Volume Toppers
Karnataka Bank topped the value chart on the BSE with a turnover
of Rs. 496.36 million. It was followed by Sun TV Network (Rs.
424.75 million), United Spirits (Rs. 406.74 million) and State Bank
Of India (Rs. 345.75 million).
The volume chart was led by Cals Refineries with trades of over
26.98 million shares. It was followed by Kingfisher Airlines (3.79
million), Unitech (3.08 million) and Spicejet (2.86 million).