SENSEX FLAT WITH NEGATIVE BIAS AT OPEN
Date: 04/04/2012
Indian
equities dropped in early trade on Wednesday erasing earlier gains. The
30-share benchmark index, BSE Sensex opened with a decline of 44.16 points or
0.25% at 17,553.26, while the broad based
NSE Nifty started with a fall of 29.85 points or 0.56%,
at 5,328.65.
At
09.19 a.m., the Sensex was trading down 91.88 points or 0.52% at 17,505.54 with
26 components falling. Meanwhile, the Nifty was trading
lower by 32.70 points or 0.61% at 5,325.80 with 45 components falling.
Sensex
Movers
Housing
Development Finance Corporation contributed fall of 11.94 points in the Sensex.
It was followed by I C I C I Bank (11.22 points), Reliance Industries (9.89
points), State Bank Of India (8.83 points) and Larsen
& Toubro (8.48 points).
However,
Tata Power Company contributed rise of 4.07 points in the Sensex. It was
followed by Maruti Suzuki India (2.15 points), NTPC (1.83 points), Oil & Natural Gas Corporation (0.5 points) and Grasim Industries (0
points).
Major
gainers in the 30-share index were Tata Power Company (2.02%), Maruti Suzuki
India (0.92%), NTPC (0.57%), and Oil & Natural Gas Corporation (0.07%).
On the other hand, G A I L (India) (1.57%), Coal India (1.53%),
State Bank Of India (1.23%), Bajaj Auto (1.15%),
Hindalco Industries (1.14%), and Housing Development Finance Corporation
(1.00%) were the major losers in the Sensex.
Mid
& Small-cap Space
The BSE
Midcap index was at 6457.59 down by 17.91 points or by 0.28%.
The major losers were Amara Raja Batteries (1.87%), Alok Industries (1.22%), Anant Raj Industries (0.92%), Alstom Projects India (0.19%) and Aban Offshore (0.17%).
The major losers were Amara Raja Batteries (1.87%), Alok Industries (1.22%), Anant Raj Industries (0.92%), Alstom Projects India (0.19%) and Aban Offshore (0.17%).
Sectors
in Limelight
The
Metal index was at 11,354.65, down by 117.62 points or by 1.03%. The major
losers were Coal India (1.53%), Hindalco Industries (1.14%), Jindal Steel &
Power (0.93%), Hindustan Zinc (0.89%) and Bhushan Steel (0.28%).
The
Bankex index was at 11,918.75, down by 97.01 points or by 0.81%. The major
losers were Federal Bank (1.15%), Canara Bank (0.92%), Bank Of India (0.59%), H
D F C Bank (0.59%) and Bank Of Baroda (0.44%).
The
Capital Goods index was at 10,297.42, down by 73.13 points or by 0.71%. The
major losers were Bharat Electronics (2.39%), BEML (1.32%), Bharat Heavy
Electricals (0.53%), A B B (0.37%) and Alstom Projects India (0.19%).
On the
other hand, the Power index was at 2,156.50, up by 7.39 points or by 0.34%. The
major gainers were Adani Power (3.34%), Tata Power Company (2.02%), Reliance
Power (1.74%), JSW Energy (0.96%) and NTPC (0.57%).
Market
Breadth
Market
breadth was negative with 335 advances against 380 declines.
Value
and Volume Toppers
Claris
Lifesciences topped the value chart on the BSE with a
turnover of Rs. 99.08 million. It was followed by Vikas Wsp (Rs. 35.03
million), Cairn India (Rs. 21.81 million) and State Bank Of India (Rs. 18.68
million).
The
volume chart was led by Avance Technologies with trades of over 1.78 million shares. It was followed by Claris
Lifesciences (0.66 million), Vikas Wsp (0.54 million) and Kingfisher Airlines
(0.47 million).
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