Mid-Market—Sensex slips over 100 points; ICICI Bank, HDFC Bank weigh down Analysis for Sep 27, 2013

Subscribe to GoodReturns

Indian benchmark indices extended decline during the afternoon trading session weighed down by selling pressure in heavyweight financial stocks like ICICI Bank, HDFC Bank and HDFC. Experts attributed the sluggish trade in markets to lack of any positive trigger from the global markets. Among the sectoral indices, Banking, Metal, Realty and FMCG were under pressure while healthcare, IT, and Oil & Gas stocks were supporting.

At 12:32PM BSE SENSEX was at 19781.22 down by 112.63 points or by 0.57 per cent while NSE Nifty was at 5857.95 down by 24.3 points or by 0.41 per cent.

The BSE MIDCAP was at 5639.19 up by 11.61 points or by 0.21 per cent, while the BSE SMLCAP was at 5510.03 up by 30.41 points or by 0.55 per cent.

The top gainers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 2066.00,+2.52%), Sun Pharmaceutical Industries Ltd. (Rs. 590.30,+1.55%), Reliance Industries Ltd. (Rs. 844.20,+0.67%), Bajaj Auto Ltd. (Rs. 2006.00,+0.63%), Tata Consultancy Services Ltd. (Rs. 1952.25,+0.57%), among others.

The top losers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 918.95,-2.77%), Bharat Heavy Electricals Ltd. (Rs. 146.70,-2.46%), Tata Steel Ltd. (Rs. 293.00,-2.17%), Bharti Airtel Ltd. (Rs. 327.90,-2.00%), Hindalco Industries Ltd. (Rs. 114.85,-1.88%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2211, shares advanced were 1077 while 1000 shares declined and 134 were unchanged.

In BSE, BSE_Bankex index was at 11302.71 down by 191.94 points or by 1.67%. ICICI Bank Ltd. (Rs. 918.95,-2.77%), HDFC Bank Ltd. (Rs. 610.60,-1.64%), Kotak Mahindra Bank Ltd. (Rs. 693.00,-1.44%), State Bank of India (Rs. 1653.10,-1.32%), Bank of Baroda (Rs. 503.00,-1.24%),.

In BSE, BSE Metal index was at 8647.29 down by 73.47 points or by 0.84%. JSW Steel Ltd. (Rs. 728.50,-2.18%), Tata Steel Ltd. (Rs. 293.00,-2.17%), Hindalco Industries Ltd. (Rs. 114.85,-1.88%), Steel Authority of India (SAIL) Ltd. (Rs. 51.70,-1.24%), Hindustan Zinc Ltd. (Rs. 131.20,-0.91%),.

Read more about:
Story first published: Friday, September 27, 2013, 12:48 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC