Railway Minister Pawan Bansal's maiden Budget failed to impress
the Street. Indian equities plunged today withNifty dipping below
5,800 amid a huge selloff.Oil & gas, auto and capital goods
were badly hit. At the close, the benchmark 30-share index, BSE
Sensex declined 316.55 points or 1.64% at 19,015.14 with 25
components posting drop. Meanwhile, the broad based NSE Nifty fell
by 93.40 points or 1.60% at 5,761.35 with 44 components registering
drop Sensex Movers
Reliance Industries contributed fall of 55.38 points in the
Sensex. It was followed by Housing Development Finance Corporation
(53.6 points), I C I C I Bank (40.4 points), Oil & Natural Gas
Corporation (30.01 points) and Larsen & Toubro (22.46
However, Infosys contributed rise of 23.57 points in the Sensex.
It was followed by Tata Consultancy Services (15.46 points), Bharti
Airtel (4.59 points), Grasim Industries (2.65 points) and NTPC
Major gainers in the 30-share index were Tata Consultancy
Services (1.56%), Infosys (1.47%), Bharti Airtel (0.96%), NTPC
(0.73%), and Hindustan Unilever (0.22%).
On the other hand, Hindalco Industries (4.49%), Bajaj Auto
(4.20%), Housing Development Finance Corporation (3.76%), Oil &
Natural Gas Corporation (3.74%), Tata Motors (3.29%), and Reliance
Industries (3.11%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts declining -1.73% and -2.41% respectively.The major
losers in the BSE Midcap were Amara Raja Batteries (3.72%), Aban
Offshore (3.1%), A I A Engineering (3.02%), Alstom India (2.74%)
and Allahabad Bank (1.78%).The major losers in the BSE Smallcap
were Aanjaneya Lifecare (20%), Trident (4.51%), A2Z Maintenance
& Engineering Services (4.09%), Styrolution ABS (India) (0.97%)
and Aarti Industries (0.74%).
Sectors in Limelight
The Auto index was at 10,467.82, down by 317.05 points or by
2.94%. The major losers were Bajaj Auto (4.2%), Mahindra &
Mahindra (3%), Ashok Leyland (2.79%), Bharat Forge (2.2%) and Hero
The Oil & Gas index was at 8,722.49, down by 242.3 points or
by 2.7%. The major losers were Hindustan Petroleum Corporation
(3.64%), Bharat Petroleum Corporation (1.66%), G A I L (India)
(0.89%), Cairn India (0.28%) and Castrol India (0.19%).
On the other hand, the IT index was at 6,800.82, up by 73 points
or by 1.09%. The major gainers were Tata Consultancy Services
(1.56%) and Infosys (1.47%).
Market breadth was negative with 812 advances against 2,104
Value and Volume Toppers
Power Grid Corporation Of India topped the value chart on the
BSE with a turnover of Rs. 1,024.06 million. It was followed by
State Bank Of India (Rs. 742.24 million), Jet Airways (India) (Rs.
622.94 million) and Zee Entertainment Enterprises (Rs. 536.51
The volume chart was led by Power Grid Corporation Of India with
trades of over 9.23 million shares. It was followed by Birla Cotsyn
(India) (9.07 million), Suzlon Energy (5.98 million) and Housing
Development and Infrastructure (3.72 million).