Mid-Session: Sensex down 100 points Analysis for Jul 25, 2014

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Markets have slipped further during the afternoon session of day"s trade, weighed down by Index heavyweight Wipro. Among the notable losers were Bharat Heavy Electricals, Hindalco Industries, Sesa Sterlite, Tata Motors.

After a flat opening, markets continue to trade in the negative territory as investors booked profits at high levels. Weak global and continuing unrest in the Middle East and Ukraine have further dampened the sentiments of the market participants.

At 12:05PM BSE SENSEX was at 26129.46 down by -142.39 points or by -0.54 % and then NSE Nifty was at 7796 down by -34.6 points or by -0.44 %.

The BSE MIDCAP was at 9190.34 down by -103.12 points or by -1.11 %, while the BSE SMLCAP was at 10071.02 down by -158.31 points or by -1.55 %.

The top losers of the BSE Sensex pack were Wipro Ltd. (Rs. 545.30,-5.46%), Bharat Heavy Electricals Ltd. (Rs. 225.35,-4.65%), Hindalco Industries Ltd. (Rs. 192.75,-2.43%), Sesa Sterlite Ltd. (Rs. 291.60,-2.20%), Tata Motors Ltd. (Rs. 475.35,-2.11%), among others.

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 770.00,+2.98%), Housing Development Finance Corporation Ltd. (Rs. 1058.20,+2.20%), Hindustan Unilever Ltd. (Rs. 655.50,+2.06%), Maruti Suzuki India Ltd. (Rs. 2536.85,+1.49%), Cipla Ltd. (Rs. 444.15,+1.10%), among others.

In BSE, BSE HCS index was at 12040.53 up by 129.27 points or by 1.09%. Wockhardt Ltd. (Rs. 713.95,+8.53%), Glenmark Pharmaceuticals Ltd. (Rs. 631.00,+5.83%), Sun Pharmaceutical Industries Ltd. (Rs. 770.00,+2.98%), Ranbaxy Laboratories Ltd. (Rs. 574.50,+2.35%), Lupin Ltd. (Rs. 1117.00,+2.14%),.

In BSE, BSE Metal index was at 13237.57 down by -277.71 points or by -2.05%. JSW Steel Ltd. (Rs. 1184.85,-2.94%), Hindustan Zinc Ltd. (Rs. 163.55,-2.91%), Hindalco Industries Ltd. (Rs. 192.75,-2.43%), Jindal Steel & Power Ltd. (Rs. 287.80,-2.23%), Sesa Sterlite Ltd. (Rs. 291.90,-2.10%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2655, shares advanced were 826 while 1728 shares declined and 102 were unchanged.

Story first published: Friday, July 25, 2014, 13:12 [IST]
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