Oil & Gas shares decline; NTPC, HDFC Ltd down 01/01/2015

Oil & Gas shares decline; NTPC, HDFC Ltd down
01/01/2015 10:42
The Indian benchmark continued trading in red in the morning session of day’s trade. Oil & gas sector stocks were on the decline with Cairn India leading the pack followed by GAIL, Oil India and Reliance Industries. DB Realty rose as investors' interest in the stock remained upbeat on positive cues generated by the Bombay High court orders related to three large projects being developed by companies in which DB Realty either has either controlling or significant stakes. At 10:38AM BSE SENSEX was at 27456.8 down by -42.62 points or by -0.15 per cent and then NSE Nifty was at 8268.85 down by -13.85 points or by -0.17 per cent.

The BSE MIDCAP was at 10421.74 up by 49.16 points or by 0.47 per cent. while the BSE SMLCAP was at 11165.94 up by 78.87 points or by 0.71 per cent.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2074 , shares advanced were 1319 while 685 shares declined and 70 were unchanged

The top gainers of the BSE Sensex pack were Cipla Ltd. (Rs. 632.00,+0.99 per cent), Bharat Heavy Electricals Ltd. (Rs. 267.60,+0.90 per cent), State Bank of India (Rs. 313.80,+0.63 per cent), Bharti Airtel Ltd. (Rs. 354.40,+0.44 per cent), Tata Power Company Ltd. (Rs. 82.50,+0.43 per cent), among others.

The top losers of the BSE Sensex pack were NTPC Ltd. (Rs. 142.95,-0.80 per cent), Housing Development Finance Corporation Ltd. (Rs. 1126.00,-0.79 per cent), Hindalco Industries Ltd. (Rs. 156.45,-0.79 per cent), Coal India Ltd. (Rs. 380.80,-0.77 per cent), Dr. Reddy's Laboratories Ltd. (Rs. 3225.60,-0.60 per cent), among others.

The top gainers of the NSE Nifty pack were NMDC Ltd. (Rs. 146.80,+1.24 per cent), Punjab National Bank (Rs. 221.75,+1.21 per cent), Bharat Heavy Electricals Ltd. (Rs. 267.95,+1.02 per cent), IDFC Ltd. (Rs. 158.80,+0.92 per cent), HCL Technologies Ltd. (Rs. 1610.70,+0.86 per cent), among others.

The top losers of the NSE Nifty pack were Housing Development Finance Corporation Ltd. (Rs. 1124.40,-1.01 per cent), Dr. Reddy's Laboratories Ltd. (Rs. 3218.25,-0.86 per cent), Cairn India Ltd. (Rs. 238.55,-0.83 per cent), Coal India Ltd. (Rs. 381.00,-0.74 per cent), Hindalco Industries Ltd. (Rs. 156.40,-0.73 per cent), among others.

Among the sectoral indices on BSE, BSE Oil & Gas index was at 9874.74 down by -20.47 points or by -0.21 per cent. Cairn India Ltd. (Rs. 238.40,-0.71 per cent), GAIL (India) Ltd. (Rs. 442.45,-0.56 per cent), Oil India Ltd. (Rs. 572.45,-0.54 per cent), Reliance Industries Ltd. (Rs. 886.40,-0.53 per cent