Sensex ends weak; NTPC, HDFC, Maruti drop

Indian markets continued to drop for the second day on Wednesday. The Sensex ended deep in the negative terrain due to weak global cues and persistent selling seen across board dragged the index down to a low of 19,923.71. Selling in realty, fast moving consumer goods (FMCG) companies` stocks and index heavyweights dragged the Sensex and the Nifty below significant levels of 20,000 and 6,000 respectively during the day. The indices closed sharply lower on huge volumes but managed to settle above their psychologically important levels.



At the close, the benchmark 30-share index, BSE Sensex declined 216.02 points or 1.07% at 20,005.37 with 23 components posting drop. Meanwhile, the broad based NSE Nifty fell by 69.35 points or 1.14% at 6,012.65 with 43 components posting drop.

On global front, European stocks declined for a second day as mining shares fell and companies from SAP AG to Renewable Energy. ASA reported earnings that missed estimates. Asian shares and US index futures dropped.

Asian stocks fell, dragging down the MSCI Asia Pacific Index by the most in almost two weeks on speculation a possible Federal Reserve asset-purchase program that may be announced next week will disappoint investors.

Sensex Movers

I C I C I Bank contributed fall of 36.63 points in the Sensex. It was followed by Housing Development Finance Corporation (29.77 points), I T C (25.45 points), Infosys Technologies (22.24 points) and H D F C Bank (21.05 points).

However, Tata Steel contributed rise of 7.3 points in the Sensex. It was followed by Mahindra & Mahindra (6.29 points), Reliance Communications (6.01 points), State Bank Of India (4.73 points) and Hindalco Industries (2.4 points).

Major gainers in the 30-share index were Reliance Communications (3.66%), Mahindra & Mahindra (1.63%), Tata Steel (1.48%), Hindalco Industries (0.67%), Sterlite Industries (India) (0.52%), and State Bank Of India (0.41%).

On the other hand, NTPC (3.14%), Housing Development Finance Corporation (2.59%), Maruti Suzuki India (2.44%), I C I C I Bank (2.23%), I T C (2.19%), and ACC (2.16%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts declining 0.29% and 0.31% respectively.

The major losers in the BSE Midcap were Sintex Industries (50.38%), Indiabulls Real Estate (4.35%), Indian Hotels Company (3.19%), Opto Circuits (India) (1.61%) and Federal Bank (0.39%).

The major losers in the BSE Smallcap were Advanta India (1.12%), Adhunik Metaliks (0.83%), Aegis Logistics (0.72%), Reliance MediaWorks (0.66%) and Provogue (India) (0.36%).

Sectors in Limelight

The Realty index was at 3,742.22, down by 78.99 points or by 2.07%. The major losers were Indiabulls Real Estate (4.35%), Housing Development and Infrastructure (3.79%), Anant Raj Industries (2.22%), D L F (1.71%) and D B Realty (1.15%).

The FMCG index was at 3,582.79, down by 58.45 points or by 1.61%. The major losers were I T C (2.19%), Hindustan Unilever (1.86%), Dabur India (1.29%), Mcleod Russel India (0.75%) and United Spirits (0.66%).

The Bankex index was at 13,891.99, down by 167.43 points or by 1.19%. The major losers were Kotak Mahindra Bank (2.55%), I C I C I Bank (2.23%), H D F C Bank (1.93%), Bank Of India (0.97%) and Federal Bank (0.39%).

On the other hand, the Consumer Durables index was at 6,617.50, up by 28.72 points or by 0.44%. The major gainers were Gitanjali Gems (5.56%) and Titan Industries (2.52%).

Market Breadth

Market breadth was negative with 1,234 advances against 1,768 declines.

Value and Volume Toppers

Tata Steel topped the value chart on the BSE with a turnover of Rs. 1,150.71 million. It was followed by Reliance Industries (Rs. 985.08 million), A B G Shipyard (Rs. 805.34 million) and Raymond (Rs. 632.40 million).

The volume chart was led by Cals Refineries with trades of over 18.26 million shares. It was followed by Alok Industries (7.85 million), Well Pack Papers & Containers (6.75 million) and I F C I (5.32 million).


New Listings
Equity shares of Prestige Estates Projects which got listed today, settled at Rs 190.20, a premium of 3.93% against the issue price of Rs 183 a share. It opened at Rs 190, a premium of 3.82% against its issue price and touched a low of Rs 188.35. A total of 24 million equity shares exchanged hands today.


Equity shares of BS TransComm which got listed today, settled at Rs 362, a premium of 46% against the issue price of Rs 248 a share. It opened at Rs 257, a premium of 3.62% against its issue price. The scrip has hit a high of Rs 398 and low of Rs 239. A total of 30 million equity shares exchanged hands today.

Equity shares of Gyscoal Alloys which got listed today, settled at Rs 80, a premium of 12.68% against the issue price of Rs 71 a share. It opened at Rs 75.15, a premium of 3.62% against its issue price. A total of 51 million equity shares exchanged hands today.