Tuesday, August 3, 2010

Markets tepid; Bharti Airtel, ICICI Bank gain

The Sensex continues to trade in green as some buying is being witnessed in index heavyweights. At 15.11., the Sensex was trading up 45.37 points or 0.25% at 18,126.58 with 13 components gaining. Meanwhile, the Nifty was trading higher by 6.20 points or 0.11% at 5,437.85 with 20 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 68.69 points or 0.38% at 18,149.90, while the broad based NSE Nifty started with a fall of 62.10 points or 1.14%, at 5,369.55.

Sensex Movers

I C I C I Bank contributed rise of 31.85 points in the Sensex. It was followed by Reliance Industries (27.09 points), Bharti Airtel (15.55 points), Housing Development Finance Corporation (7.66 points) and State Bank Of India (6.16 points).

However, Larsen & Toubro contributed fall of 19.62 points in the Sensex. It was followed by Infosys Technologies (10.68 points), Oil & Natural Gas Corporation (4.45 points), Tata Consultancy Services (4.18 points) and Reliance Communications (4.14 points).

Biggest gainers in the 30-share index were Bharti Airtel (2.91%), ICICI Bank (2.45%), Hero Honda Motors (1.85%), Reliance Industries (1.11%),Housing Development Finance Corporation (0.76%), and State Bank Of India (0.67%).

On the other hand, I T C (50.50%), Reliance Communications (2.38%), Larsen & Toubro (1.46%), Mahindra & Mahindra (1.11%), Jindal Steel & Power (0.91%), and Reliance Energy (0.85%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.37% and 0.39% respectively.

The major gainers in the BSE Midcap were Allahabad Bank(2.11%), Aban Offshore (1.78%), Allcargo Global Logistics (1.12%), Alstom Projects India (0.52%) and A I A Engineering (0.4%).

The major gainers in the BSE Smallcap were Provogue (India) (2.01%), Abhishek Industries (1.47%), A B G Shipyard (1.03%), Aarti Industries (0.59%) and INEOS ABS (India) (0.25%).

Sectors in Limelight

The Bankex index was at 11,955.45, up by 138.58 points or by 1.17%. The major gainers were Indusind Bank (2.7%), I C I C I Bank (2.45%), IDBI Bank (1.87%), Canara Bank (1.45%) and Bank Of Baroda (1.4%).

The Oil & Gas index was at 10,342.92, up by 77.46 points or by 0.75%. The major gainers were Aban Offshore (1.78%), Bharat Petroleum Corporation (1.34%), Hindustan Petroleum Corporation (1.14%), Indian Oil Corporation (0.84%) and Cairn India (0.56%).

The IPO index was at 2,165.47, up by 14.90 points or by 0.69%. The major gainers were Cox and Kings (India) (7.8%), Godrej Properties (2.07%), D B Corp (1.71%), Goenka Diamond and Jewels (1.11%) and Den Networks (0.24%).

On the other hand, the Capital Goods index was at 14,586.24, down by 103.11 points or by 0.7%. The major losers were Crompton Greaves (1.12%), Gammon India (1.05%), A B B (0.65%), BEML (0.4%) and Jyoti Structures (0.19%).

Market Breadth

Market breadth was negative with 1,488 advances against 1,507 declines.

Value and Volume Toppers

Jubilant FoodWorks topped the value chart on the BSE with a turnover of Rs. 1,725.82 million. It was followed by State Bank Of India (Rs. 1,062.86 million), Aster Silicates (Rs. 888.77 million) and I C I C I Bank (Rs. 864.26 million).

The volume chart was led by Cals Refineries with trades of over 25.11 million shares. It was followed by Aster Silicates (7.29 million), FCS Software Solutions (7.28 million) and Karuturi Global (4.81 million).


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