Sensex falls marginally; Metal down, IT up - The New Indian Express

Sensex falls marginally; Metal down, IT up

Published: 07th March 2013 02:18 PM

Last Updated: 07th March 2013 02:18 PM

Indian markets continues to trade sluggish in the post noon trade on Thursday.Metal, oil & gas and consumer durables stocks faced the brunt of profit booking. However, IT and capital goods gained.

At 1.10 pm, the Sensex was trading down 23.16 points or 0.12% at 19,229.45 with 20 components falling. Meanwhile, the Nifty was trading lower by 11.70 points or 0.20% at 5,806.90 with 36 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 30.56 points or 0.16% at 19,222.05, while the broad based NSE Nifty started with a fall of 17.30 points or 0.30%, at 5,801.30.

Sensex Movers

Reliance Industries contributed fall of 14.86 points in the Sensex. It was followed by I T C (12.01 points), Tata Motors (10.99 points), Hindustan Unilever (9.09 points) and Oil & Natural Gas Corporation (8.73 points).

However, Tata Consultancy Services contributed rise of 22.46 points in the Sensex. It was followed by Infosys (19.2 points), Larsen & Toubro (9.99 points), Sun Pharmaceutical Industries (6.6 points) and Hero Motocorp (6.31 points).

Biggest gainers in the 30-share index were Hero Motocorp (3.22%), Tata Consultancy Services (2.13%), Wipro (1.89%), Sun Pharmaceutical Industries (1.67%), Bharat Heavy Electricals (1.38%), and Infosys (1.13%).

On the other hand, Jindal Steel & Power (3.15%), Hindalco Industries (2.36%), Tata Motors (1.68%), Hindustan Unilever (1.55%), Tata Steel (1.19%), and Oil & Natural Gas Corporation (1.08%) were the major losers in the Sensex.

Sectors in Limelight

The IT index was at 7,055.51, up by 110.92 points or by 1.60%. The major gainers were Hexaware Technologies (3.1%), Oracle Financial Services Software (2.35%), Tech Mahindra (2.27%), H C L Technologies (2.18%) and Infosys (1.13%).

The TECk index was at 4,031.90, up by 48.62 points or by 1.22%. The major gainers were Deccan Chronicle Holdings (5.11%), Oracle Financial Services Software (2.35%), Dish TV India (1.15%), D B Corp (0.91%) and Reliance MediaWorks (0.08%).

The Metal index was at 9,196.46, down by 132.62 points or by 1.42%. The major losers were Jindal Steel & Power (3.15%), Hindalco Industries (2.36%), Hindustan Zinc (1.21%), Coal India (0.96%) and Bhushan Steel (0.23%).

The Oil & Gas index was at 8,760.39, down by 72.7 points or by 0.82%. The major losers were Oil India (2.35%), Cairn India (1.04%), Castrol India (0.85%), G A I L (India) (0.81%) and Indian Oil Corporation (0.16%).

Market Breadth

Market breadth was negative with 1,219 advances against 1,398 declines.

Value and Volume Toppers

Glenmark Pharmaceutical topped the value chart on the BSE with a turnover of Rs. 494.77 million. It was followed by D L F (Rs. 352.67 million), Tata Consultancy Services (Rs. 330.16 million) and State Bank Of India (Rs. 294.62 million).

The volume chart was led by Adani Power with trades of over 5.33 million shares. It was followed by Housing Development and Infrastructure (3.00 million), Indiabulls Real Estate (2.67 million) and Shree Ashtavinayak Cine Vision (2.53 million).

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