Nifty Prediction Today

Date : 05.03.2012

Sensex slips 1.5%; ICICI Bank, Infosys, RIL drag 

(MAR 05)

Indian markets continue to trade on a weak note due to selling pressure seen across board. Metal, realty and banking stocks led the decline. 

Sensex was trading down 265.26 points or 1.50% at 17,371.73 with 24 components falling. Meanwhile, the Nifty was trading lower by 71.90 points or 1.34% at 5,287.50 with 41 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 40.78 points in the Sensex. It was followed by Infosys (33.79 points), Reliance Industries (32.63 points), State Bank Of India (20.03 points) and H D F C Bank (18.62 points).

 

However, Tata Motors contributed rise of 7.21 points in the Sensex. It was followed by Reliance Infrastructure (6.81 points), Bharti Airtel (4.8 points), I T C (4.57 points) and Oil & Natural Gas Corporation (2.94 points).

Major gainers in the 30-share index were Tata Motors (1.34%), Bharti Airtel (0.90%), Wipro (0.74%), Oil & Natural Gas Corporation (0.50%), I T C (0.34%), and Cipla (0.30%). 

On the other hand, Hindalco Industries (4.33%), Jindal Steel & Power (4.28%), G A I L (India) (3.85%), Bharat Heavy Electricals (3.70%), D L F (3.59%), and I C I C I Bank (3.25%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining-1.17% and -0.73% respectively.

The major losers in the BSE Midcap were A I A Engineering (1.93%), Aban Offshore (1.75%), Alstom Projects India (1.13%), Allcargo Logistics (0.96%) and A B G Shipyard (0.94%).

The major losers in the BSE Smallcap were Aarti Industries (2.84%), A2Z Maintenance & Engineering Services (1.83%), A B G Infralogistics (1.52%), Trident (1.08%) and Aanjaneya Lifecare (0.31%).

Sectors in Limelight

The Metal index was at 11,650.70, down by 318.56 points or by 2.66%. The major losers were Jindal Steel & Power (4.27%), Hindalco Industries (4.26%), Hindustan Zinc (3.9%), Coal India (1.15%) and Bhushan Steel (0.72%).

The Realty index was at 1,796.84, down by 42.16 points or by 2.29%. The major losers were D L F (3.71%), Housing Development and Infrastructure (2.46%), D B Realty (1.8%), Godrej Properties (1.53%) and Oberoi Realty (1.1%).

The Bankex index was at 11,748.46, down by 273.62 points or by 2.28%. The major losers were Bank Of India(4.32%), Canara Bank (4.1%), I C I C I Bank (3.19%), H D F C Bank (1.45%) and Federal Bank (0.94%).

The Capital Goods index was at 10,088.14, down by 213.05 points or by 2.07%. The major losers were Bharat Heavy Electricals (3.58%), A I A Engineering (1.93%), A B B (1.52%), Alstom Projects India (1.02%) and Bharat Electronics (0.54%).

Market Breadth

Market breadth was negative with 924 advances against 1,810 declines.

Value and Volume Toppers

Reliance Infrastructure topped the value chart on the BSE with a turnover of Rs. 963.82 million. It was followed by State Bank Of India (Rs. 816.36 million), Reliance Power (Rs. 684.54 million) and Reliance Capital (Rs. 614.29 million).

The volume chart was led by Cals Refineries with trades of over 7.48 million shares. It was followed by Suzlon Energy (5.91 million), Reliance Power (5.08 million) and Lanco Infratech (4.27 million).