22 May, 2013 10:09 IST
News
Sensex plunges on aggressive selling in rate sensitives
Source: IRIS (16-NOV-12)
Rating: 3 / 5 stars.
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Indian markets dropped over 1% on Fiday led by aggressive selling in interest rate sensitives in the last one hour. As per provisional figures, the benchmark 30-share index, BSE Sensex declined 201.99 or 1.09% to settle at 18,269.38 with 25 components posting drop. Meanwhile, the broad based NSE Nifty went down by 68.80 or 1.22% at 5,562.20 with 47 components registering drop.

Sensex Movers

I C I C I Bank contributed fall of 39.97 points in the Sensex. It was followed by Housing Development Finance Corporation (25.06 points), Hindustan Unilever (21.24 points), Tata Motors (19.01 points) and Larsen & Toubro (18.99 points).

However, Infosys contributed rise of 24.82 points in the Sensex. It was followed by Bharti Airtel (11.39 points), Jaiprakash Associates (0.86 points), NTPC (1.35 points) and Wipro (1.56 points).

Major gainers in the 30-share index were Bharti Airtel (2.78%), Infosys (1.89%), Dr Reddy'S Laboratories (1.75%), Coal India (0.72%), and Jindal Steel & Power (0.37%).

On the other hand, Tata Motors (3.32%), Hindustan Unilever (3.08%), I C I C I Bank (2.78%), Cipla (2.53%), Hindalco Industries (2.29%), and Maruti Suzuki India (2.14%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 6644.47 down by 73.63 points or by 1.1%. The major losers were A I A Engineering (1.95%), Aban Offshore (1.37%), Alstom India (1.09%), CORE Education and Technologies (0.78%) and A B G Shipyard (0.32%).

The BSE Smallcap index was at 7096.29 down by 95.70 points or by 1.33%. The major losers were Reliance MediaWorks (3.93%), Adhunik Metaliks (3.39%), Trident (3%), Styrolution ABS (India) (0.77%) and Advanta India (0.7%).

Sectors in Limelight

The Realty index was at 1,878.86, down by 75.96 points or by 3.89%. The major losers were Indiabulls Real Estate (5.89%), D B Realty (5.57%), Anant Raj Industries (4.19%), D L F (3.13%) and Godrej Properties (0.84%).

The Bankex index was at 13,002.32, down by 231.12 points or by 1.75%. The major losers were Bank Of India(2.1%), Bank Of Baroda (1.75%), Federal Bank (1.18%), Canara Bank (0.85%) and H D F C Bank (0.59%).

On the other hand, the IT index was at 5,654.29, up by 9.21 points or by 0.16%. The major gainers were Infosys (1.89%).

Market Breadth

Market breadth was negative with 1,140 advances against 1,772 declines.

Value and Volume Toppers

Tata Coffee topped the value chart on the BSE with a turnover of Rs. 1,741.86 million. It was followed by State Bank Of India (Rs. 746.69 million), Tata Steel (Rs. 213.41 million) and Strides Arcolab (Rs. 181.03 million).

The volume chart was led by Lanco Infratech with trades of over 4.77 million shares. It was followed by SREI Infrastructure Finance (2.87 million), Network18 Media & Investments (2.31 million) and I F C I (1.86 million).


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