Sensex slips further; Metal, realty stocks dip

The Sensex slipped further amid weak global cues. Sustained selling was seen in index heavyweights. Metal, realty and IT stocks traded lower.

At 9.53 a.m., the Sensex was trading down 139.25 points or 0.84% at 16,356.80 with 29 components falling. Meanwhile, the Nifty was trading lower by 45.10 points or 0.91% at 4,886.75 with 45 components falling.

The 30-share benchmark index, BSE Sensex opened flat with a rise of 4.24 points or 0.03% at 16,500.29, while the broad based NSE Nifty started with a fall of 100.85 points or 2.04%, at 4,831.00.

Sensex Movers

Housing Development Finance Corporation contributed fall of 15.5 points in the Sensex. It was followed by HDFC Bank (13.08 points), Larsen & Toubro (12.49 points), Reliance Industries (11.96 points) and Infosys Technologies (11.35 points).

However, Hindustan Unilever contributed rise of 3.2 points in the Sensex. It was followed by Sun Pharmaceutical Industries (0.24 points), ICICI Bank (0.29 points), ACC (0.53 points) and Reliance Communications (1.02 points).

Hindustan Unilever (0.93%) was the only gainer in the Sensex pack.

On the other hand, Hindalco Industries (2.43%), Sterlite Industries (India) (1.96%), Tata Steel (1.91%), Housing Development Finance Corporation (1.91%), Jaiprakash Associates (1.86%), and Mahindra & Mahindra (1.62%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 6637.26 down by 9.32 points or by 0.14%. The major losers were Aban Offshore (1.36%), Alstom Projects India (0.96%), AIA Engineering (0.9%), Reliance MediaWorks (0.77%) and Core Projects and Technologies (0.62%).

Sectors in Limelight

The Metal index was at 16,377.18, down by 224.95 points or by 1.35%. The major losers were Hindalco Industries (2.43%), JSW Steel (1.77%), Hindustan Zinc (1.19%), Jindal Steel & Power (0.78%) and Jai Corp (0.5%).

The Realty index was at 3,496.58, down by 39.64 points or by 1.12%. The major losers were Indiabulls Real Estate (1.69%), Ansal Properties and Infrastructure (1.58%), Ackruti City (1.12%), D L F (1.09%) and Anant Raj Industries (0.67%).

The IT index was at 4,980.86, down by 42.47 points or by 0.85%. The major losers were HCL Technologies (1.63%), Mphasis (1.05%), Infosys Technologies (0.72%), Aptech (0.67%) and Oracle Financial Services Software (0.08%).

On the other hand, the FMCG index was at 2,750.27, up by 1.29 points or by 0.05%. The major gainers were Dabur India (1.43%), Hindustan Unilever (0.93%), Marico (0.69%), Britannia Industries (0.4%) and Nestle India (0.19%).

Market Breadth

Market breadth was negative with 918 advances against 1,178 declines.

Value and Volume Toppers

Infinite Computer Solutions (India) topped the value chart on the BSE with a turnover of Rs. 573.26 million. It was followed by Tata Steel (Rs. 300.30 million), State Trading Corporation of India (Rs. 190.06 million) and Rashtriya Chemicals & Fertilizers (Rs. 159.29 million).

The volume chart was led by Shree Ashtavinayak Cine Vision with trades of over 3.73 million shares. It was followed by Dynamic Infotel (3.16 million), Infinite Computer Solutions (India) (2.84 million) and Cals Refineries (2.03 million).