Trading Ideas (banknifty.com)

Sensex trades marginally lower; Realty, Bankex, Power fall

DATE: 24/08/2012  

Indian equities trade on a flat note with negative bias on Monday.  Sensex was trading down 9.35 points or 0.05% at 17,773.86 with 17 components falling. Meanwhile, the Nifty was trading lower by 4.70 points or 0.09% at 5,382 with 35 components falling.

The 30-share benchmark index, BSE Sensex opened flat with a decline of 13.77 points or 0.08% at 17,769.44, while the broad based NSE Nifty began flat with a gain of 1.15 points or 0.02%, at 5,387.85.

Sensex Movers

I C I C I Bank contributed fall of 9.22 points in the Sensex. It was followed by Infosys (7.43 points), I T C (7.39 points), Larsen & Toubro (6.49 points) and H D F C Bank (5.58 points).

However, Reliance Industries contributed rise of 13.75 points in the Sensex. It was followed by Mahindra & Mahindra (6.74 points), Bharti Airtel (3.99 points), Oil & Natural Gas Corporation (3.11 points) and Hindustan Unilever (2.73 points).

Major gainers in the 30-share index were Mahindra & Mahindra (1.61%), Bharti Airtel (0.97%), Reliance Industries (0.80%), Cipla (0.71%), G A I L (India) (0.68%), and Sun Pharmaceutical Industries (0.48%).

On the other hand, Jindal Steel & Power (2.23%), Coal India (0.97%), Tata Power Company (0.92%), NTPC (0.80%), Tata Motors (0.73%), and Hindalco Industries (0.72%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.20% and 0.30% respectively.

The major gainers in the BSE Midcap were A I A Engineering (1.25%), Amtek Auto (1.14%), Alok Industries (0.64%), Alstom India (0.64%) and CORE Education and Technologies (0.48%).

The major gainers in the BSE Smallcap were A B G Infralogistics (3.09%), Action Construction Equipment (1.81%), Styrolution ABS (India) (1.45%), Aanjaneya Lifecare (0.79%) and Aarti Industries (0.77%).

Sectors in Limelight

The Realty index was at 1,576.90, down by 13.62 points or by 0.86%. The major losers were Housing Development and Infrastructure (2.12%), Indiabulls Real Estate (1.86%), D L F (1.66%), Godrej Properties (0.8%) and Phoenix Mills (0.37%).

The Bankex index was at 11,807.60, down by 64.68 points or by 0.54%. The major losers were Canara Bank(1.11%), Bank Of Baroda (0.71%), I C I C I Bank (0.7%), Bank Of India (0.46%) and H D F C Bank (0.42%).

The Power index was at 1,909.36, down by 10.36 points or by 0.54%. The major losers were G M R Infrastructure (1.55%), Adani Power (0.62%), Reliance Infrastructure (0.38%), A B B (0.38%) and Bharat Heavy Electricals (0.06%).

On the other hand, the Oil & Gas index was at 8,452.52, up by 54.75 points or by 0.65%. The major gainers were Gujarat State Petronet (2.92%), G A I L (India) (0.68%), Cairn India (0.6%), Oil & Natural Gas Corporation (0.44%) and Petronet LNG (0.36%).

Market Breadth

Market breadth was positive with 1,204 advances against 734 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 158.58 million. It was followed by Wockhardt (Rs. 120.28 million), I F C I (Rs. 101.83 million) and State Bank Of India (Rs. 100.58 million).

The volume chart was led by Cals Refineries with trades of over 7.84 million shares. It was followed by I F C I (3.61 million), Kingfisher Airlines (1.29 million) and Shree Ashtavinayak Cine Vision (1.23 million).

+POWERED BY:  MYIRIS NEWS

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