Sensex ends tad lower; HDFC Bank, Tata Power gain

Markets saw yet another day of range bound and dull trade, wherein indices opened positive, range bound trade amid volatility and finally a weak close. Today, the indices opened in the green and witnessed some buying interest in the early session. The market however exhibited short lived positive movement due to profit booking seen in RIL and ICICI bank in particular. Further, market gave up the gains and became sluggish due to sudden profit taking at higher levels. Asian indices were weak throughout the session and US premarket indices` futures were also mixed, thus failed to provide any positive cue to Indian market.



At the close, the 30-share benchmark index, BSE Sensex ended flat with a decline of 3.51 points or 0.02% at 20,025.42, 11 components registering drop. while the broad based NSE Nifty closed flat with a decline of 2.10 points or 0.04%, at 5,996.00.22 components registering drop.

Sensex Movers

Reliance Industries contributed fall of 18.02 points in the Sensex. It was followed by I C I C I Bank (14.82 points), Tata Motors (14.08 points), State Bank Of India (8.9 points) and Larsen & Toubro (7.22 points).

However, H D F C Bank contributed rise of 20.77 points in the Sensex. It was followed by I T C (10.83 points), Housing Development Finance Corporation (6.95 points), Wipro (4.85 points) and Tata Power Company (4.72 points).

Major gainers in the 30-share index were H D F C Bank (2.02%), Tata Power Company (1.75%), Reliance Communications (1.72%), Wipro (1.31%), I T C (0.94%), and Jindal Steel & Power (0.85%).

On the other hand, Tata Motors (2.53%), I C I C I Bank (0.92%), State Bank Of India (0.90%), Reliance Industries (0.75%), Oil & Natural Gas Corporation (0.66%), and Hindustan Unilever (0.64%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.07% and 0.33% respectively.

The major gainers in the BSE Midcap were Core Projects and Technologies (1.62%), Alfa-Laval (India) (1.36%), Apollo Hospitals Enterprise (0.76%), Amara Raja Batteries (0.55%) and Alstom Projects India (0.01%).

The major gainers in the BSE Smallcap were Aarti Industries (4.88%), Abhishek Industries (1.52%), Reliance MediaWorks (1.47%), A B G Infralogistics (0.62%) and Ador Welding (0.35%).

Sectors in Limelight

The FMCG index was at 3,597.09, up by 22.67 points or by 0.63%. The major gainers were United Breweries (13.75%), United Spirits (2.52%) and I T C (0.94%).

The HC index was at 6,651.71, up by 31.20 points or by 0.47%. The major gainers were Apollo Hospitals Enterprise (0.76%), Biocon (0.35%), Cipla (0.33%), Glenmark Pharmaceutical (0.18%) and Glaxo SmithKline Pharmaceuticals (0.13%).

The Oil & Gas index was at 10,529.67, down by 78.21 points or by 0.74%. The major losers were Indian Oil Corporation (1.92%), Hindustan Petroleum Corporation (1.56%), G A I L (India) (1.13%), Bharat Petroleum Corporation (0.2%) and Oil India (0.03%).

The PSU index was at 9,235.83, down by 42.36 points or by 0.46%. The major losers were Bank Of India(1.89%), Allahabad Bank (1.18%), Andhra Bank (0.94%), Bank Of Maharashtra (0.39%) and Bharat Electronics (0.3%).

Market Breadth

Market breadth was negative with 1,479 advances against 1,449 declines.

Value and Volume Toppers

B F Utilities topped the value chart on the BSE with a turnover of Rs. 1,375.95 million. It was followed by Ravi Kumar Distilleries (Rs. 1,165.27 million), State Bank Of India (Rs. 782.91 million) and Reliance Industries (Rs. 616.50 million).

The volume chart was led by Ravi Kumar Distilleries with trades of over 14.19 million shares. It was followed by Moh (6.45 million), Birla Power Solutions (5.24 million) and Cals Refineries (5.10 million).