Sensex extends fall; PNB dips after weak results Analysis for Nov 08, 2013

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The 30-share benchmark index extended losses and was trading near day's lows in afternoon trades weighed down by selling pressure in financials and oil shares. Punjab National Bank (PNB) disappointed the Dalal Street with its second quarter earnings that fell 52.6 percent year-on-year to Rs 505.5 crore, dented by higher provisions on depreciation in investment.

At 1:18PM BSE SENSEX was at 20704.85 down by 117.92 points or by 0.57per cent while the NSE Nifty was at 6142.7 down by 44.55 points or by 0.72 per cent.

The BSE MIDCAP was at 6202.95 down by 17.52 points or by 0.28 per cent while the BSE SMLCAP was at 6000.28 down by 29.84 points or by 0.49 per cent.

The BSE Sensex touched an intraday high of 20821.01 and an intraday low of 20638.66, while the NSE Nifty touched an intraday high of 6185.15 and an intraday low of 6129.9.

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 353.75,+2.33%), Tata Motors Ltd. (Rs. 385.85,+1.51%), Larsen & Toubro Ltd. (Rs. 964.00,+0.84%), ITC Ltd. (Rs. 322.90,+0.75%), Sesa Sterlite Ltd. (Rs. 199.95,+0.63%), among others.

The top losers of the BSE Sensex pack were Housing Development Finance Corporation Ltd. (Rs. 813.30,-3.31%), Maruti Suzuki India Ltd. (Rs. 1568.00,-2.78%), HDFC Bank Ltd. (Rs. 652.00,-2.01%), Coal India Ltd. (Rs. 291.00,-1.71%), GAIL (India) Ltd. (Rs. 335.70,-1.45%), among others.

In BSE, BSE_Bankex index was at 12461.18 down by -158.11 points or by -1.25%. Punjab National Bank (Rs. 520.60,-4.48%), Axis Bank Ltd. (Rs. 1133.00,-3.27%), HDFC Bank Ltd. (Rs. 652.00,-2.01%), Canara Bank (Rs. 253.55,-1.59%), Kotak Mahindra Bank Ltd. (Rs. 725.00,-1.10%),.

In BSE, BSE_HCS index was at 9693.11 up by 55.09 points or by 0.57%. Aurobindo Pharma Ltd. (Rs. 263.00,+10.34%), Divi's Laboratories Ltd. (Rs. 1019.00,+1.74%), Lupin Ltd. (Rs. 888.25,+1.42%), Strides Arcolab Ltd. (Rs. 902.50,+1.17%), Glenmark Pharmaceuticals Ltd. (Rs. 527.00,+0.87%),.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total 2402 shares traded, 922 shares advanced, 1333 shares declined while 147 remained unchanged.

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Story first published: Friday, November 8, 2013, 13:48 [IST]
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