Sensex slips another 193pts; realty stocks tumble
Despite 240-points fall on Friday, the Sensex opened this morning at 11,997 - up 121 points amid positive cues from the global markets. The index soon touched a high of 12,027, but could not hold gains for long as considerable weakness in realty stocks dragged the index into the negative zone.
The index tumbled to a low of 11,621 - down 406 points from the day's high. The Sensex finally ended with a loss of 193 points at 11,683. In the process, the index has shed 434 points in the last two trading days as investors await the elections results this weekend.
However, it may be noted that the index has surged 42.7% in the last nine straight weeks.
The BSE Realty index declined over 5.5% to 2,355. The market breadth was negative- out of 2,580 shares traded, 1,569 declined and 920 advanced
INDEX SHAKERS...
DLF shed 5% to Rs 228. SBI, Reliance Communications and Jaiprakash Associates declined over 4.5% each to 1,261, Rs 219 and Rs 133, respectively.
Tata Motors and Tata Steel slumped 4% each to Rs 257 and Rs 271, respectively.
...AND THE MOVER
Mahindra & Mahindra advanced 1.5% to Rs 502.
OTHER PROMINENT LOSERS...
Unitech and India Cements plunged nearly 9% each to Rs 48 and Rs 110, respectively. Pantaloons Retail, Hindustan Copper, Godrej Industries, Nagarjuna Constructions, Century Textiles, Ispat Industries, Videocon, Sun TV, Torrent Pharma, IVRCL Infrastrucutre, Ashok Leyland, Everest Kanto, CESC, Reliance Capital, RECL, HCL Technologies and Cairn India declined (5-8%)each.
...AND THE GAINERS
Tulip Telecom zoomed over 9% to Rs 622. Zee Entertainment, Sesa Goa, Indiabulls Financial, Petronet LNG, Educomp Solutions, Gujarat NRE Coke, JSW Steel, Bank of Baroda and UCO Bank gained from (3-5% each).
MOST ACTIVE COUNTERS...
ICICI Bank topped the value chart with a total turnover of Rs 193.70 crore. It was followed by SBI (Rs 182.29crore), Reliance (Rs 173.77 crore),Tata Steel (Rs 165.76 crore) and Reliance Capital(Rs 152.59 crore).
Cals Refineries led the volume chart with trades of around 38.13 million shares. It was followed by Unitech (20.49 million), Dish TV (19 million), Kashyap Technologies (12.82 million) and Ispat Industries (12.42 million).