26 May, 2013 06:34 IST
News
Sensex slightly lower at opening ahead of RBI policy
Source: IRIS (29-JAN-13)
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Indian markets opened flat with negative bias on Tuesday ahead of RBI policy today. Market is hoping for 25 bps rate cut. The 30-share benchmark index, BSE Sensex opened with a decline of 23.04 points or 0.11% at 20,080.31, while the broad based NSE Nifty started with a fall of 10.10 points or 0.17%, at 6,064.70.

At 9.31 am, the Sensex was trading down 16.66 points or 0.08% at 20,086.69 with 17 components falling. Meanwhile, the Nifty was trading lower by 5.15 points or 0.08% at 6,069.65 with 26 components falling.

Sensex Movers

H D F C Bank contributed fall of 11.92 points in the Sensex. It was followed by Housing Development Finance Corporation (5.09 points), Oil & Natural Gas Corporation (4.48 points), Reliance Industries (4.46 points) and Tata Motors (3.7 points).

However, Tata Consultancy Services contributed rise of 4.37 points in the Sensex. It was followed by Bharti Airtel (3.46 points), I T C (3.23 points), Maruti Suzuki India (2.49 points) and Mahindra & Mahindra (2.37 points).

Biggest gainers in the 30-share index were Maruti Suzuki India (0.92%), Bharti Airtel (0.62%), Hero Motocorp (0.56%), Coal India (0.54%), Mahindra & Mahindra (0.49%), and Tata Consultancy Services (0.47%).

On the other hand, Wipro (0.99%), G A I L (India) (0.88%), H D F C Bank (0.81%), Dr Reddy`S Laboratories (0.80%), Hindalco Industries (0.59%), and Tata Motors (0.55%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.10% and 0.18% respectively.

The major gainers in the BSE Midcap were Amara Raja Batteries (2.82%), Amtek Auto (0.26%), CORE Education and Technologies (0.15%), Alstom India (0.04%) and Aban Offshore (0.04%).

The major gainers in the BSE Smallcap were Styrolution ABS (India) (4.65%), Wagend Infra Venture (4.1%), Aegis Logistics (1.15%), Ahluwalia Contracts (India) (0.99%) and Action Construction Equipment (0.27%).

Sectors in Limelight

The Consumer Durables index was at 7,452.25, down by 28.94 points or by 0.39%. The major losers were Rajesh Exports (1.11%), Whirlpool Of India (0.87%), Titan Industries (0.17%), Bajaj Electricals (0.16%) and Gitanjali Gems (0.15%).

The Realty index was at 2,216.50, down by 7.26 points or by 0.33%. The major losers were Anant Raj (0.76%), D L F (0.73%), Indiabulls Real Estate (0.71%), Housing Development and Infrastructure (0.24%) and Godrej Properties (0.11%).

The Oil & Gas index was at 9,395.71, down by 31.16 points or by 0.33%. The major losers were G A I L (India) (0.88%), Oil & Natural Gas Corporation (0.52%), Oil India (0.28%), Bharat Petroleum Corporation (0.08%) and Castrol India (0.03%).

Market Breadth

Market breadth was positive with 708 advances against 516 declines.

Value and Volume Toppers

Axis Bank topped the value chart on the BSE with a turnover of Rs. 139.92 million. It was followed by Jet Airways (India) (Rs. 88.81 million), State Bank Of India (Rs. 82.43 million) and Visesh Infotecnics (Rs. 57.97 million).

The volume chart was led by Visesh Infotecnics with trades of over 20.70 million shares. It was followed by Aadhaar Ventures India (8.51 million), Suzlon Energy (1.17 million) and Unitech (0.94 million).


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