Sensex down 113 points as bank, automobile stocks drift lower

Sensex down 113 points as bank, automobile stocks drift lower

Last Updated: Fri, Nov 16, 2012 09:35 hrs
​government wants us to invest in shares

After a subdued spell and a subsequent smart move up north, the market has retreated and dropped down to lower levels again this afternoon with investors pressing sales in some top rung realty, automobile and bank stocks.

Power, capital goods and FMCG stocks too are off their highs now. Oil and metal stocks are trading mixed. Information technology stocks are moving higher thanks to a weak rupee. Select healthcare stocks stocks are up with impressive gains.

The Sensex is now down 112.90 points or 0.61% at 18,358.47. The Nifty is down with a loss of 37.60 points or 0.67% at 5593.40.

Tata Motors, Hindalco, Cipla and State Bank of India are down 1.6% to 2%. ICICI Bank, Maruti Suzuki, GAIL India, BHEL, HDFC, Sterlite Industries, Hero Motocorp, Bajaj Auto and Hindustan Unilever are also trading notably lower.

J&K Bank is trading lower by 4.8%. Marico, Biocon, Eicher Motors, Emami, Bharat Forge, Syndicate Bank, IDFC and Central Bank of India are down 2% - 3%.

Reliance Power, HDIL, Indian Bank, Andhra Bank, Gujarat Fluorochemicals, HCL Technologies, Engineers India, Jubilant Foodworks and Unitech are also down with sharp losses.

Bharti Airtel is up 4.2% at Rs 303 thanks to sustained buying at the counter. Infosys is trading 3.2% up at Rs 2368. Dr Reddy's Laboratories is up 2.8% at rs 1772.80. ONGC, Jindal Seel & Power, Coal India, NTPC and ITC are also trading firm.

Strides Arcolab, up 6%, is the top gainer in BSE 'A' Group. Apollo Hospitals Enterprises is up 5.5%. Lanco Infratech, Aurobindo Pharma, Century Textiles, United Phosphorus, Shree Cement, JP Power, Indraprastha Gas, Hindustan Zinc and Exide Industries are up 2% - 4%.

Tata Coffee (13%) is up sharply on heavy volumes. On the National Stock Exchange, over 2.7 million shares have been traded so far at the Tata Coffee counter today.

United Spirits tops the turnover chart, clocking a volume of over 4.5 million shares, valued at Rs 830 crore. However, the stock is down in negative territory with a loss of 1.7% at Rs 1819.

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