Indian markets erased some of its initial losses in noon trade
on Friday. FMCG, auto and power stocks edged lower, while
healthcare and consumer durables gained. At 11.57., the Sensex was
trading down 29.40 points or 0.17% at 17,512.24 with 21 components
falling. Meanwhile, the Nifty was trading lower by 21.20 points or
0.40% at 5,293.85 with 37 components falling. Indian
economyexpanded at5.5% during the first quarter of fiscal 2013 as
against the market expectations of 5.3%.It wasmuch lower compared
with 8% growth registeredin Q1 2011-12. However, growth for the
first quarter was slightly higher compared with growth of 5.3% in
Q4 of 2011-12.
The 30-share benchmark index, BSE Sensex opened flat with a rise
of 15.98 points or 0.09% at 17,557.62, while the broad based NSE
Nifty started with a fall of 16.85 points or 0.32%, at
ITC contributed fall of 18.48 points in
the Sensex. It was followed by Tata Consultancy Services (13.6
points), Hindustan Unilever (12.56 points), Infosys (8.12 points)
and NTPC (6.15 points).
However, Housing Development Finance Corporation contributed
rise of 19.83 points in the Sensex. It was followed by H D F C Bank
(8.45 points), State Bank Of India (5.68 points), Oil & Natural
Gas Corporation (5.31 points) and Bharti Airtel (3.48 points).
Major gainers in the 30-share index were Cipla (1.79%), Housing
Development Finance Corporation (1.57%), State Bank Of India
(0.96%), Bharti Airtel (0.91%), Oil & Natural Gas Corporation
(0.74%), and H D F C Bank (0.65%).
On the other hand, Coal India (1.96%), Hindustan Unilever
(1.93%), NTPC (1.90%), Hindalco Industries (1.70%), Tata
Consultancy Services (1.51%), and Hero Motocorp (1.37%) were the
biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.53% and 0.55% respectively. The major
gainers in the BSE Midcap were Alok Industries (3.46%), Aban
Offshore (1.7%), Amara Raja Batteries (0.65%), Amtek Auto (0.62%)
and A I A Engineering (0.53%).The major gainers in the BSE Smallcap
were Action Construction Equipment (4.52%), Aanjaneya Lifecare
(3.36%), Adhunik Metaliks (2.88%), Reliance MediaWorks (1.68%) and
Aarti Industries (0.77%).
Sectors in Limelight
The FMCG index was at 5,347.84, down by 49.49 points or by
0.92%. The major losers were Hindustan Unilever (1.93%), I T C
(1.09%), Nestle India (0.92%), Godrej Consumer Products (0.68%) and
United Spirits (0.33%).
The Auto index was at 9,274.96, down by 65.69 points or by 0.7%.
The major losers were Hero Motocorp (1.37%), Cummins India (0.94%),
Exide Industries (0.84%), Bharat Forge (0.67%) and Bajaj Auto
The Power index was at 1,881.03, down by 12.58 points or by
0.66%. The major losers were NHPC (2.19%), NTPC (1.9%), Bharat
Heavy Electricals (1.3%), JSW Energy (0.75%) and G M R
On the other hand, the HC index was at 7,517.96, up by 46.13
points or by 0.62%. The major gainers were Biocon (4.55%), Cadila
Healthcare (2.19%), Cipla (1.79%), Aurobindo Pharma (1.64%) and
Divis Laboratories (0.94%).
Market breadth was positive with 1,340 advances against 1,063
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 457.50 million. It was followed by United Spirits
(Rs. 430.68 million), Mahanagar Telephone Nigam (Rs. 175.94
million) and Cipla (Rs. 167.52 million).
The volume chart was led by Cals Refineries with trades of over
12.75 million shares. It was followed by Mahanagar Telephone Nigam
(4.79 million), Kingfisher Airlines (4.04 million) and Spicejet