Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 September, 2014 02:31 IST
Sensex drops 138 points; IT, capital goods, metal fall
Source: IRIS (11-APR-14)
Comments  |  Post Comment

Indian equities are trading on a negative note on Friday ahead of February IIP and retail inflation data later in the day. IT, capital goods and metal stocks registered a fall whereas healthcare stocks witnessed a rise.

At 10.40 am, the Sensex was trading down 138.40 points or 0.61% at 22,576.93 with 24 components falling. Meanwhile, the Nifty was trading lower by 38.20 points or 0.56% at 6,758.20 with 32 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 73.28 points or 0.32% at 22,642.05, while the broad based NSE Nifty started with a fall of 38.05 points or 0.56%, at 6,758.35.

Sensex Movers

Housing Development Finance Corporation contributed fall of 33.73 points in the Sensex. It was followed by I T C (14.82 points), Infosys (13.92 points), Larsen & Toubro (13.53 points) and I C I C I Bank (12.94 points).

However, Sun Pharmaceutical Industries contributed rise of 11.49 points in the Sensex. It was followed by Jaiprakash Associates (1.85 points), Reliance Infrastructure (1.79 points), Bharti Airtel (1.47 points) and Tata Motors (1.3 points).

Major gainers in the 30-share index were Sun Pharmaceutical Industries (2.17%), Cipla (0.99%), Dr Reddy`S Laboratories (0.90%), Bharti Airtel (0.27%), Tata Motors (0.17%), and Reliance Industries (0.01%).

On the other hand, Housing Development Finance Corporation (1.92%), Maruti Suzuki India (1.65%), G A I L (India) (1.44%), Hindalco Industries (1.33%), Larsen & Toubro (1.19%), and Mahindra & Mahindra (1.15%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.59% and 0.59% respectively.

The major gainers in the BSE Midcap were A I A Engineering (3.01%), CORE Education and Technologies (1.12%), Aban Offshore (0.79%), Allahabad Bank (0.42%) and Alstom India (0.42%).

The major gainers in the BSE Smallcap were Trident (3.31%), A2Z Maintenance & Engineering Services (2.48%), Styrolution ABS (India) (1.12%), Aarti Industries (0.4%) and Reliance MediaWorks (0.17%).

Sectors in Limelight

The IT index was at 8,616.09, down by 84.97 points or by 0.98%. The major losers were Tech Mahindra (1.48%), Hexaware Technologies (1.26%), Tata Consultancy Services (1.04%), Infosys (0.89%) and H C L Technologies (0.55%).

The Capital Goods index was at 12,236.45, down by 90.1 points or by 0.73%. The major losers were Alstom T&D India (2.54%), Bharat Electronics (0.84%), A B B India (0.67%), Bharat Heavy Electricals (0.35%) and Lakshmi Machine Works (0.07%).

The Metal index was at 10,311.63, down by 74.21 points or by 0.71%. The major losers were Sesa Sterlite (1.92%), JSW Steel (1.73%), Hindalco Industries (1.33%), Jindal Steel & Power (0.75%) and Coal India (0.6%).

On the other hand, the HC index was at 10,577.98, up by 140.47 points or by 1.35%. The major gainers were Aurobindo Pharma (2.67%), Divis Laboratories (1.59%), Biocon (1.41%), Cipla (0.99%) and Dr Reddy`S Laboratories (0.9%).

Market Breadth

Market breadth was negative with 1,078 advances against 881 declines.

Value and Volume Toppers

Adani Enterprises topped the value chart on the BSE with a turnover of Rs. 381.33 million. It was followed by I T C (Rs. 366.40 million), Credit Analysis and Research (Rs. 292.49 million) and Wockhardt (Rs. 266.68 million).

The volume chart was led by Sanghi Industries with trades of over 4.43 million shares. It was followed by Housing Development and Infrastructure (2.06 million), Unitech (1.88 million) and Sterlite Technologies (1.87 million).

Blackrock sells nearly 1% stake in Yes Bank - 17-Sep-2014 19:34
IFCI CMD presents Rs 923 mn dividend cheque to Finance Minister - 17-Sep-2014 19:34
Sun Pharma, Merck ink licensing pact for Tildrakizumab - 17-Sep-2014 19:02
Moser Baer Solar emerges as India's largest solar EPC player - 17-Sep-2014 17:25
Sutlej Textiles announces expansion of fabric division - 17-Sep-2014 16:48
CRISIL reaffirms `AAA/Stable/A1+`on ACC bank facilities - 17-Sep-2014 14:40
NIIT inks strategic partnership with EC-Council - 17-Sep-2014 14:27
'Buy' JMC Projects; target Rs 181: Firstcall Research - 17-Sep-2014 14:11
Hindustan Zinc board declares 95% interim dividend - 17-Sep-2014 13:57
Cupid bags export order worth Rs 24 mn - 17-Sep-2014 13:53
Cairn India announces 3 new oil discoveries in Rajasthan block - 17-Sep-2014 13:53
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Security Code type   bnbj2y into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer