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Sensex falls 61 points in early trade; Metal down 1%

DATE: 30/08/2012  

Indian equities continued to fall in early trade on Thursday amid F&O expiry today.  Sensex was trading down 60.73 points or 0.35% at 17,430.08 with 26 components falling. Meanwhile, the Nifty was trading lower by 22.65 points or 0.43% at 5,265.15 with 48 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 57.31 points or 0.33% at 17,433.50, while the broad based NSE Nifty started with a fall of 19.20 points or 0.36%, at 5,268.60.

Sensex Movers

Housing Development Finance Corporation contributed fall of 14.37 points in the Sensex. It was followed by Reliance Industries (11.12 points), Larsen & Toubro (9.2 points), I C I C I Bank (8.75 points) and Infosys (7.91 points).

However, Oil & Natural Gas Corporation contributed rise of 3.36 points in the Sensex. It was followed by I T C (2.19 points), Tata Power Company (0.76 points), Hindustan Unilever (0.43 points) and Sun Pharmaceutical Industries (0.54 points).

Major gainers in the 30-share index were Oil & Natural Gas Corporation (0.47%), Tata Power Company (0.40%), Cipla (0.33%), and I T C (0.13%).

On the other hand, Sterlite Industries (India) (2.56%), Jindal Steel & Power (2.10%), Hero Motocorp (1.22%), Housing Development Finance Corporation (1.15%), Larsen & Toubro (1.01%), and Bharti Airtel (0.97%) were the biggest losers in the Sensex.

Mid-cap Space

The BSE Midcap index was at 5946.48 down by 15.73 points or by 0.26%. The major losers were Anant Raj Industries (1.45%), Aban Offshore (1.45%), Alstom India (1.34%), Andhra Bank (0.94%) and Alok Industries (0.83%).

Sectors in Limelight

The Metal index was at 9,752.91, down by 93.83 points or by 0.95%. The major losers were Jindal Steel & Power (2.1%), JSW Steel (1.43%), Bhushan Steel (0.9%), Hindalco Industries (0.72%) and Coal India (0.72%).

The Capital Goods index was at 9,439.71, down by 61.46 points or by 0.65%. The major losers were Crompton Greaves (1.49%), Alstom India (1.34%), Bharat Electronics (0.92%), A B B (0.89%) and Bharat Heavy Electricals (0.65%).

The Realty index was at 1,488.82, down by 8.92 points or by 0.6%. The major losers were Housing Development and Infrastructure (2.14%), Anant Raj Industries (1.45%), D L F (1.31%), Indiabulls Real Estate (1.25%) and Godrej Properties (0.05%).

On the other hand, the HC index was at 7,431.05, up by 14.34 points or by 0.19%. The major gainers were Glaxo SmithKline Pharmaceuticals (3.34%), Strides Arcolab (1.97%), Glenmark Pharmaceutical (1.07%), Cipla (0.33%) and Lupin (0.22%).

Market Breadth

Market breadth was negative with 326 advances against 522 declines.

Value and Volume Toppers

Tech Mahindra topped the value chart on the BSE with a turnover of Rs. 222.19 million. It was followed by United Spirits (Rs. 58.98 million), State Bank Of India (Rs. 37.26 million) and Orchid Chemicals & Pharmaceuticals (Rs. 22.34 million).

The volume chart was led by Cals Refineries with trades of over 1.97 million shares. It was followed by Kingfisher Airlines (0.31 million), Tech Mahindra (0.28 million) and Mahanagar Telephone Nigam (0.25 million).

+POWERED BY:  MYIRIS NEWS

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