SENSEX QUIET; TECH, CEMENT, POWER, METALS DECLINE

August 3rd, 2010 by Indian Fox

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MUMBAI - At 13:25 hours IST – the 30-share BSE Sensex was quiet in trade and was hovering just around its previous day’s closing value. On the global front, European markets were marginally in red on the back of profit booking, as it rallied more than 2.5% on Monday.

Technology, metal, cement and Anil Dhirbhai Ambani Group companies’ shares were putting some pressure on the markets. L&T was the leading lower; ONGC, ITC, M&M, HDFC Bank, Tata Motors, Ranbaxy, Power Grid and Suzlon Energy were other losers in trade.

However, buying continued in Reliance Industries, ICICI Bank, Bharti Airtel, HDFC, Hero Honda, SBI, DLF, Unitech, Axis Bank, Kotak Mahindra, Idea, Siemens, HUL, Tata Power and Idea, which were quite supportive.

The Sensex was trading at 18103, up 22 points and the Nifty was at 5436, up 4.6 points. The broader indices were also marginally in green.

Top losers – Reliance Communication was trading at Rs 173.80, down 2.66%; L&T was at Rs 1,785, down 1.5%; M&M was at Rs 651.55, down 1.34%; Hindalco was at Rs 162.20, down 1.31% (ahead of results); Reliance Infrastructure was at Rs 1,104.05, down 1.12%; Reliance Power was at Rs 159.20, down 1.97%; Ambuja Cements was at Rs 116, down 1.78% and Suzlon Energy was at Rs 56.15, down 1.66%.

Top gainers – ICICI Bank was trading at Rs 960.90, up 2.27%; Hero Honda was at Rs 1,857, up 1.75%; BPCL was at Rs 652.90, up 1.45%; Reliance Industries was at Rs 1,023.85, up 0.92%; Bharti Airtel was at Rs 320.90, up 0.90% and HDFC was at Rs 3,043.20, up 0.63%.

Top gainers on the BSE Midcap – HMT, Hindusthan National Glass, Jubilant Foodworks, Jai Corp and Kirloskar Brothers gained 5-6%.

Top losers on the BSE Midcap – KGN Industries, Puravankara Projects, Punj Lloyd (ahead of results), Akzo Nobel and Rei Agro lost 2.7-5%.

Top gainers on the BSE Smallcap – AP Paper Mills, IFB Industries, SE Investments, Take Solutions and Gujarat Natural were up 9.6-12%.

Top losers on the BSE Smallcap – Vikas WSP, Tatia Global, Bhagwati Banquet, Subros and Banco Products fell 4-6.4%.

Arunjyoti Enterprise, Piccadilly Agro, Apollo Finvest, Laffans Petro and Fairdeal Fila shot up 17.5-20%.

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