BSE midcap & smallcap outperform; oil & gas stocks weigh
01/01/2015 11:48
Weighed down by losses in the oil & gas and FMCG sector stocks, the Indian benchmark index Sensex was trading in red in the late morning session on Thursday. BSE Sensex slipped over 16 points while NSE Nifty was trading down nearly 13 points. Market sentiments were influenced as traders indulged in profit booking on the first trading day of 2015. However, the broader markets both BSE midcap and smallcap were performed better than the front-liners with gains of around 0.6 per cent to 0.9 per cent. Major show spoilers included were NTPC, Housing Development Finance Corporation, Coal India, Dr. Reddy's Laboratories and GAIL (India).
At 11:23 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27483.11 down by 16.31 points or by 0.06 per cent while the NSE Nifty was at 8269.1 down by 13.6 points or by 0.16 per cent.
The broader market was moving below baseline. The BSE MIDCAP was at 10434.02 up by 61.44 points or by 0.59 per cent, while the BSE SMLCAP was at 11189.62 up by 102.55 points or by 0.92 per cent.
The Market breadth, indicating the overall strength of the market, was positive. On BSE out of the total 2338 shares traded, 1489 advanced while 765 shares declined and 84 remained unchanged.
The top losers of the BSE Sensex pack were NTPC Ltd. (Rs. 142.90,-0.83%), Housing Development Finance Corporation Ltd. (Rs. 1126.65,-0.74%), Coal India Ltd. (Rs. 381.00,-0.72%), Dr. Reddy's Laboratories Ltd. (Rs. 3222.10,-0.70%), GAIL (India) Ltd. (Rs. 442.05,-0.65%), among others.
Meanwhile, Sesa Sterlite Ltd. (Rs. 217.80,+1.73%), Bharti Airtel Ltd. (Rs. 356.10,+0.92%), Cipla Ltd. (Rs. 631.55,+0.92%), Tata Steel Ltd. (Rs. 402.90,+0.89%), Maruti Suzuki India Ltd. (Rs. 3351.75,+0.70%), were among notable gainers on BSE.
Among the thirteen sectoral indices on BSE, BSE Oil&Gas index was trading at 9879.76 down by 15.45 points or by 0.16 per cent. GAIL (India) Ltd. (Rs. 442.05,-0.65%), Reliance Industries Ltd. (Rs. 886.45,-0.53%), Cairn India Ltd. (Rs. 239.30,-0.33%), Oil India Ltd. (Rs. 574.00,-0.27%), were among the notable losers on BSE.
Following the BSE Oil&Gas, BSE_FMCG index was at 7758.34 down by 8.23 points or by 0.11 per cent. United Spirits Ltd. (Rs. 2757.95,-0.86%), Marico Ltd. (Rs. 324.00,-0.61%), Nestle India Ltd. (Rs. 6357.05,-0.36%), ITC Ltd. (Rs. 367.15,-0.34%), United Breweries Ltd. (Rs. 833.35,-0.07%), were among others.
01/01/2015 11:48
Weighed down by losses in the oil & gas and FMCG sector stocks, the Indian benchmark index Sensex was trading in red in the late morning session on Thursday. BSE Sensex slipped over 16 points while NSE Nifty was trading down nearly 13 points. Market sentiments were influenced as traders indulged in profit booking on the first trading day of 2015. However, the broader markets both BSE midcap and smallcap were performed better than the front-liners with gains of around 0.6 per cent to 0.9 per cent. Major show spoilers included were NTPC, Housing Development Finance Corporation, Coal India, Dr. Reddy's Laboratories and GAIL (India).
At 11:23 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27483.11 down by 16.31 points or by 0.06 per cent while the NSE Nifty was at 8269.1 down by 13.6 points or by 0.16 per cent.
The broader market was moving below baseline. The BSE MIDCAP was at 10434.02 up by 61.44 points or by 0.59 per cent, while the BSE SMLCAP was at 11189.62 up by 102.55 points or by 0.92 per cent.
The Market breadth, indicating the overall strength of the market, was positive. On BSE out of the total 2338 shares traded, 1489 advanced while 765 shares declined and 84 remained unchanged.
The top losers of the BSE Sensex pack were NTPC Ltd. (Rs. 142.90,-0.83%), Housing Development Finance Corporation Ltd. (Rs. 1126.65,-0.74%), Coal India Ltd. (Rs. 381.00,-0.72%), Dr. Reddy's Laboratories Ltd. (Rs. 3222.10,-0.70%), GAIL (India) Ltd. (Rs. 442.05,-0.65%), among others.
Meanwhile, Sesa Sterlite Ltd. (Rs. 217.80,+1.73%), Bharti Airtel Ltd. (Rs. 356.10,+0.92%), Cipla Ltd. (Rs. 631.55,+0.92%), Tata Steel Ltd. (Rs. 402.90,+0.89%), Maruti Suzuki India Ltd. (Rs. 3351.75,+0.70%), were among notable gainers on BSE.
Among the thirteen sectoral indices on BSE, BSE Oil&Gas index was trading at 9879.76 down by 15.45 points or by 0.16 per cent. GAIL (India) Ltd. (Rs. 442.05,-0.65%), Reliance Industries Ltd. (Rs. 886.45,-0.53%), Cairn India Ltd. (Rs. 239.30,-0.33%), Oil India Ltd. (Rs. 574.00,-0.27%), were among the notable losers on BSE.
Following the BSE Oil&Gas, BSE_FMCG index was at 7758.34 down by 8.23 points or by 0.11 per cent. United Spirits Ltd. (Rs. 2757.95,-0.86%), Marico Ltd. (Rs. 324.00,-0.61%), Nestle India Ltd. (Rs. 6357.05,-0.36%), ITC Ltd. (Rs. 367.15,-0.34%), United Breweries Ltd. (Rs. 833.35,-0.07%), were among others.
