Intraday Cash Market Tips

Date : 05.03.2012

Sensex trades down 133 pts; Metals & Bankex (MAR 05)

Indian markets dropped on Monday erasing earlier gains. At 09.53 am., the Sensex was trading down 133.35 points or 0.76% at 17,503.64 with 25 components falling. Meanwhile, the Nifty was trading lower by 38.80 points or 0.72% at 5,320.60 with 40 components falling. 

The 30-share benchmark index, BSE Sensex opened with a decline of 38.57 points or 0.22% at 17,598.42, while the broad based NSE Nifty started with a fall of 16.85 points or 0.31%, at 5,342.55.

Sensex Movers

I C I C I Bank contributed fall of 22.43 points in the Sensex. It was followed by H D F C Bank (19.87 points), Larsen & Toubro (15.8 points), Infosys (13.23 points) and State Bank Of India (11.9 points). 

However, Tata Motors contributed rise of 7.57 points in the Sensex. It was followed by Bharti Airtel (6.52 points), Reliance Infrastructure (3.29 points), Maruti Suzuki India (2 points) and Reliance Communications (1.98 points).

Biggest gainers in the 30-share index were Tata Motors (1.38%), Bharti Airtel (1.22%), Maruti Suzuki India (0.91%), Cipla (0.40%), and Mahindra & Mahindra (0.39%). 

On the other hand, Hindalco Industries (2.64%), Jindal Steel & Power (2.50%), D L F (2.39%), Sterlite Industries (India) (1.99%), Hero Honda Motors (1.89%), and Larsen & Toubro (1.80%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-0.25% and -0.03% respectively.

The major losers in the BSE Midcap were A I A Engineering (3.41%), Aban Offshore (0.51%), A B G Shipyard (0.44%), Alstom Projects India (0.2%) and Amtek India (0.15%).

The major losers in the BSE Smallcap were Trident (2.44%), Aarti Industries (1.76%), Provogue (India) (1.65%), A2Z Maintenance & Engineering Services (1.29%) and A B G Infralogistics (0.63%).

Sectors in Limelight

The Metal index was at 11,779.16, down by 190.1 points or by 1.59%. The major losers were Hindalco Industries (2.64%), Jindal Steel & Power (2.5%), Hindustan Zinc (2.13%), Coal India (0.51%) and Bhushan Steel (0.28%).

The Bankex index was at 11,836.20, down by 185.88 points or by 1.55%. The major losers were Canara Bank(2.91%), H D F C Bank (1.72%), Bank Of Baroda (0.91%), Bank Of India (0.88%) and Federal Bank (0.36%).

The Capital Goods index was at 10,168.04, down by 133.15 points or by 1.29%. The major losers were A I A Engineering (3.41%), Bharat Heavy Electricals (1.74%), A B B (0.53%), BEML (0.4%) and Alstom Projects India (0.2%).

On the other hand, the Auto index was at 9,863.95, up by 3.92 points or by 0.04%. The major gainers were Tata Motors (1.38%), Maruti Suzuki India (0.91%), Ashok Leyland (0.7%), Bharat Forge (0.51%) and Mahindra & Mahindra (0.39%)

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Market Breadth

Market breadth was negative with 746 advances against 946 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 234.66 million. It was followed by Reliance Power (Rs. 176.27 million), Reliance Infrastructure (Rs. 153.68 million) and Reliance Capital (Rs. 145.19 million).

The volume chart was led by Cals Refineries with trades of over 3.66 million shares. It was followed by Suzlon Energy (2.58 million), Vikas Wsp (1.85 million) and Dazzel Confindive (1.50 million).