Sensex ends flat; Rail stocks hit most

Today rail budget was a major event but unfortunately it did not have any impact on market. Rail stocks were hammered badly after budget. Volatility was witnessed during the day ahead of F&O series expiry. The Sensex traded flat as not much movements seen in the market. Finally the index closed marginally lower after touching a low of 16,187.44.

At the close, the benchmark 30-share index, BSE Sensex declined 30.35 or 0.19% at 16,255.97 with 19 components posting drop. Meanwhile, the broad based NSE Nifty fell by 11.45 or 0.24% at 4,858.60 with 29 components registering drop.

Railway Minister Mamata Banerjee has not proposed any hike in passenger or freight rates. Presenting her second Rail Budget in the Lok Sabha the minister said Railways will not be privatised but will develop business models for improving earnings.

She announced 54 new trains, six long and four short route Duronto trains and 100 new suburban services for Mumbai.

Following are the rail stocks which had massive impact post budget:

Shares of Kalindee Rail Nirman tumbled Rs 9.65, or 5%, to settle at Rs 183.50. Texmaco plunged Rs 7, or 4.69%, to settle at Rs 142.25. Titagarh Wagons plummeted Rs 27, or 6.66%, to settle at Rs 378.30.

On global front, European stocks gained as results from Rhodia and Fresenius Medical Care beat analysts` estimates. US stock-index futures were little changed. Meanwhile Asian stocks declined for the first time in three days, led by materials companies, after a drop in US consumer confidence to a 10-month low spurred concern that the economic recovery will slow.

Sensex Movers

Housing Development Finance Corporation contributed fall of 7.54 points in the Sensex. It was followed by Tata Steel (7.39 points), Mahindra & Mahindra (6.75 points), Bharti Airtel (6.73 points) and Bharat Heavy Electricals (5.27 points).

However, Larsen & Toubro contributed rise of 8.52 points in the Sensex. It was followed by Maruti Suzuki India (6.3 points), Reliance Industries (5.02 points), NTPC (4.55 points) and State Bank Of India (3.49 points).

Biggest gainers in the 30-share index were Maruti Suzuki India (2.38%), NTPC (1.36%), Larsen & Toubro (0.80%), Tata Power Company (0.73%), Tata Consultancy Services (0.53%), and Hindalco Industries (0.49%).

On the other hand, Sun Pharmaceutical Industries (2.51%), Mahindra & Mahindra (2.43%), Reliance Communications (1.96%), Tata Motors (1.71%), Tata Steel (1.56%), and Bharti Airtel (1.38%) were the major losers in the Sensex.

Mid & Small-cap Space


The BSE Midcap index was at 6330.23 down by 26.3 points or by 0.41%. The major losers were Allahabad Bank(2.14%), Reliance MediaWorks (2.08%), Alstom Projects India (0.57%), Ackruti City (0.35%) and Aban Offshore (0.32%).

The BSE Smallcap index was at 7994.98 down by 48.92 points or by 0.61%. The major losers were Abhishek Industries (2.8%), Provogue (India) (2.56%), Action Construction Equipment (1.72%), A B G Shipyard (1.62%) and Aarti Industries (0.34%).


Sectors in Limelight

The Consumer Durables index was at 3,957.17, down by 52.56 points or by 1.31%. The major losers were Blue Star (2.5%), Videocon Industries (2.07%), Rajesh Exports (1.23%), Titan Industries (0.88%) and Gitanjali Gems (0.04%).

The HC index was at 4,830.08, down by 31.35 points or by 0.64%. The major losers were Apollo Hospitals Enterprise (2.08%), Cipla (2.02%), Dishman Pharmaceuticals & Chemicals (0.74%), Biocon (0.44%) and Aurobindo Pharma (0.06%).

The Auto index was at 6,850.00, down by 29.71 points or by 0.43%. The major losers were Mahindra & Mahindra (2.43%), Apollo Tyres (1.79%), Ashok Leyland (1.38%), Exide Industries (1.36%) and Hero Honda Motors (0.77%).

On the other hand, the Realty index was at 3,192.81, up by 29.48 points or by 0.93%. The major gainers were Indiabulls Real Estate (4.3%), Parsvnath Developers (2.96%), Housing Development and Infrastructure (0.68%), Ansal Properties and Infrastructure (0.66%) and Mahindra Lifespace Developers (0.31%).


Market Breadth

Market breadth was negative with 942 advances against 1,857 declines.

Value and Volume Toppers

D B Realty topped the value chart on the BSE with a turnover of Rs. 9,527.03 million. It was followed by Titagarh Wagons (Rs. 2,148.49 million), Emmbi Polyarns (Rs. 1,637.94 million) and Aqua Logistics (Rs. 1,473.23 million).

The volume chart was led by Emmbi Polyarns with trades of over 57.17 million shares. It was followed by D B Realty (20.92 million), Cals Refineries (20.33 million) and Shree Ashtavinayak Cine Vision (15.20 million)