Mid-session: Sensex down over 50 points; ITC, Infosys falls over 1% Analysis for Nov 11, 2014

Posted By: Religare
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Paring all the gains, the Indian markets slipped in the negative territory with the Sensex down 56 points led by selling pressure in Power index followed by Realty index. However, Auto and Bank stocks were trading in green, during the noon session of trade. According to the analyst, the markets will remain volatile ahead of the industrial production and consumer inflation data scheduled to release later in the week. BHEL is the top Sensex loser, down over 3 per cent. Other notable losers are Infosys, Coal India, ITC, Bharti Airtel and Dr Reddy"s Labs have declined between 1-2 per cent.

At 12:14 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27817.92 down by 56.81 points or by 0.2 per cent and then NSE Nifty was at 8332.95 down by 11.3 points or by 0.14 per cent.

Mahindra & Mahindra, GAIL (India), Tata Steel, Axis Bank, Sun Pharmaceutical Industries was among the top notable losers.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2792, shares advanced were 1339 while 1354 shares declined and 99 were unchanged.

The BSE MIDCAP was at 10013.28 up by 0.01 points or by 0 %, while the BSE SMLCAP was at 11110.99 down by -23.82 points or by -0.21 %.

The top gainers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1258.00,+2.14%), GAIL (India) Ltd. (Rs. 489.50,+1.93%), Tata Steel Ltd. (Rs. 475.20,+0.88%), Axis Bank Ltd. (Rs. 464.30,+0.88%), Sun Pharmaceutical Industries Ltd. (Rs. 916.30,+0.66%), among others.

On the flip side, top losers of the BSE Sensex pack were Bharat Heavy Electricals Ltd. (Rs. 243.30,-3.11%), Infosys Ltd. (Rs. 4119.70,-1.21%), ITC Ltd. (Rs. 366.80,-1.09%), Oil And Natural Gas Corporation Ltd. (Rs. 390.45,-1.04%), Bharti Airtel Ltd. (Rs. 386.60,-0.95%), among others.

In BSE, BSE Auto index was at 18330.29 up by 54.36 points or by 0.3%. Mahindra & Mahindra Ltd. (Rs. 1258.00,+2.14%), Bharat Forge Ltd. (Rs. 903.00,+1.98%), Motherson Sumi Systems Ltd. (Rs. 414.90,+1.07%), Eicher Motors Ltd. (Rs. 12844.70,+0.78%), MRF Ltd. (Rs. 32376.45,+0.17%),.

In BSE, BSE Power index was at 2138.75 down by -13.26 points or by -0.62%. Jaiprakash Power Ventures Ltd. (Rs. 14.30,-3.18%), Bharat Heavy Electricals Ltd. (Rs. 243.30,-3.11%), GMR Infrastructure Ltd. (Rs. 20.15,-1.95%), Adani Power Ltd. (Rs. 45.85,-1.40%), PTC India Ltd. (Rs. 92.45,-0.91%),.

Story first published: Tuesday, November 11, 2014, 13:12 [IST]
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