India Stock Market: Sensex Down 69.91 Points On Wednesday

Sensex (^BSESN) down 69.91 points on Wednesday (October 28, 2009)
-3rd consecutive fall ahead of expiry day

Sensex fell 69.91 points or 0.4% to 16283.49
Nifty (^NSEI) fell 20.55 points or 0.4% to 4826.15
Mid Cap rose 0.2%. Small Cap fell 0.4%.
BSE 500 fell 0.3%. Sensex losers: 19

Of 13 BSE Sectoral indices, 7 posted losses
Advancers: 1059, Decliners: 1627, Unchanged: 71
Advance/Decline Ratio: 5:8

Sensex Day’s Range: 16411.14 - 16144.17
Nifty Day’s Range: 4867.00 - 4784.10
52-Week Range: 17493.17- 8047.17
52-Week change (%): -6.9%

Sensex losers included Maruti Suzuki -4.5%, Tata Steel -3.7%, HDFC -3.2%, ICICI Bank -3.1%, HDFC Bank -3.1% and Reliance Comm -2.5%.

Sensex gainers included Bharti Airtel +3.4%, Wipro +3.2%, Tata Motors +2.6%, Reliance Ind +2.3%, L & T +2% and Sun Pharma +0.9%.

Consumer Durables index fell 1.8% helped by Blue Star -2.8%, Videocon Ind -2.6%, Gitanjali Gems -2.3%, Titan -1% and Rajesh Exports -0.4%.

Bankex declined 1.5% due to selling in IDBI Bank -3.7%, ICICI Bank -3.1%, HDFC Bank -3.1%, Axis Bank -2.5% and Karnataka Bank -2.3%.

PSU tanked 1.2% led by BEML -4.2%, Bank of Maharashtra -3.3%, MMTC -3.1%, SAIL -2.8%, MRPL -2.5% and NHPC -2.4%.

Auto index tumbled 0.9% assisted by Apollo Tyres -5.4%, Maruti Suzuki -4.5%, MRF -1.6%, Mahindra & Mahindra -0.7% and Amtek Auto -0.7%.

Other sectoral losers were: Power -0.8%, Metal -0.6% and FMCG -0.2%

Realty index climbed 0.9% supported by Indiabulls Realty +3%, HDIL +2.1%, Unitech +1.6% and DLF +0.3%.

Other sectoral gainers were: Teck +0.7%, Oil & Gas +0.7%, Capital Goods +0.7%, IT +0.5% and Healthcare +0.5%.

Turnover:
Total traded turnover was at Rs 1, 30,214.03 crore as against Rs 1.47 lakh crore on Tuesday. This included Rs 18,370.85 crore from the NSE cash segment, Rs 1, 06,431.02 crore from the NSE F&O and the balance Rs 5,412.16 crore from the BSE cash segment.

Buzzers:
Citurgia Biochem +20% at Rs 103.85, Hitech Plast +20% at Rs 81.65, KRBL +14.9% at Rs 139, Excel Info +14.1% at Rs 74.25, Mangalam Timber +13.4% at Rs 26.20, Panyam Cements +12.8% at Rs 116.90 and HB Estate Development +11.4% at Rs 39.50.

Heavy Losers:
Trent (W) -19.9% at Rs 50, Everest Kanto -15.9% at Rs 153.15, Denso India -12.1% at Rs 77.75, Rap Media -10.3% at Rs 35.45, Shree Pacetronic -9.7% at Rs 32.70 and Cyber Media -9.2% at Rs 32.65.

Midcap Gainers:
Kansai Nerolac, Jet Airways, Balrampur Chini, PTC India and Nagarjuna Construction gained 7-9%.

Midcap Losers:
Everest Kanto tumbled 15.9%. Lupin, Kirloskar Oil, Apollo Tyres and Educomp Solutions fell 5-6%.

Smallcap Gainers:
KRBL, Panyam Cements, Hexaware Tech, Lakshmi Machine and Shristi Infra went up 8.5-15%.

Smallcap Losers:
Resurgere Mines, Money Matters, Arvind, Indo Rama Synthetics and Aptech declined 6.6-8%.

Lanco Infratech rises 3.3 pct:
Lanco Infratech rose 3.3 percent to Rs 499.35 after the infrastructure company approved a 10-for-1 stock split, and said its September quarter net profit more-than-tripled.

Reliance Indutries climbs 2.3 pct:
Reliance Industries rose 2.1 percent to Rs 2,035.65 after government allocated an additional 50 million cubic metres a day (mmscmd) of gas from the company’s east coast block D6.

Tata Steel falls 3.7 pct:
The world’s eighth-largest steel maker Tata Steel was down 3.7 percent at 482.60 rupees, after it posted a bigger-than-expected fall in its quarterly net profit.
Asian Markets:
Asian markets ended lower. Kospi declined 2.4% and Jakarta was down 2.9%. Hang Seng, Nikkei, Straits Times and Taiwan Weighted fell 1.4-1.8% while Shanghai was up just 0.33%.

European Markets:
European markets were tradin: FTSE: -1.8%, DAX: -1.6%, CAC -1.7%.

Crude:
Crude was quoting at $78.78 a barrel.

Concern:
Stocks fell around the world, dragging the MSCI AC World Index to its longest losing streak since January, as companies from SAP AG to ArcelorMittal posted disappointing earnings. The yen rallied and commodities slid.

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