Indian equities settled lower on Monday ahead of the Reserve
Bank of India's policy meeting on Tuesday. Sustained selling
activity seen in FMCG, realty and metal stocks whereas consumer
durable stocks witnessed a rise. The market participants are
expecting a hike of 25 bps in RBI policy tomorrow.
At the close, the benchmark 30-share index, BSE Sensex declined
113.24 or 0.55% at 20,570.28 with 22 components registering drop.
Meanwhile, the broad based NSE Nifty went down by 43.80 or 0.71% at
6,101.10 with 43 components posting drop.
I T C contributed fall of 80.25 points
in the Sensex. It was followed by State Bank Of India (18.81
points), H D F C Bank (12.07 points), I C I C I Bank (11.41 points)
and Tata Steel (7.61 points).
However, Housing Development Finance Corporation contributed
rise of 21.64 points in the Sensex. It was followed by Larsen &
Toubro (19.56 points), Oil & Natural Gas Corporation (9.27
points), Reliance Industries (8.66 points) and Tata Motors (2.8
Major gainers in the 30-share index were Larsen & Toubro
(1.89%), Housing Development Finance Corporation (1.35%), Oil &
Natural Gas Corporation (1.02%), Reliance Industries (0.49%), Wipro
(0.42%), and Maruti Suzuki India (0.41%).
On the other hand, ITC (3.63%), Tata Steel (2.94%), State Bank
of India (2.41%), Hindalco Industries (1.97%), Hero Motocorp
(1.86%), and Bharti Airtel (1.12%) were the biggest losers in the
Mid & Small-cap Space
The BSE Midcap index was at 5920.43 down by 45.05 points or by
0.76%.The major losers were CORE Education and Technologies
(4.71%), Allahabad Bank (3.01%), A B G Shipyard (2.51%), Alstom
India (1.72%) and A I A Engineering (1.47%).
The BSE Smallcap index was at 5800.7 down by 25.05 points or by
0.43%.The major losers were A2Z Maintenance & Engineering
Services (9.94%), Dr Datsons Labs (4.99%), Trident (3.08%),
Styrolution ABS (India) (0.93%) and Aarti Industries (0.89%).
Sectors in Limelight
The FMCG index was at 6,676.85, down by 183.34 points or by
2.67%. The major losers were Colgate-Palmolive (India) (3.96%),
Dabur India (3.75%), I T C (3.63%), Jubilant FoodWorks (1.94%) and
Hindustan Unilever (0.82%).
The Realty index was at 1,294.31, down by 29.6 points or by
2.24%. The major losers were Indiabulls Real Estate (4.8%), D L F
(3.34%), Housing Development and Infrastructure (2.79%), Anant Raj
(1.85%) and Godrej Properties (1.49%).
The Metal index was at 8,814.23, down by 161.21 points or by
1.8%. The major losers were Hindustan Zinc (2.34%), Hindalco
Industries (1.97%), Coal India (0.9%), Bhushan Steel (0.24%) and
Jindal Steel & Power (0.02%).
On the other hand, the Consumer Durables index was at 6,034.21,
up by 88.37 points or by 1.49%. The major gainers were Titan
Industries (2.48%), V I P Industries (2.04%), Symphony (2.03%),
Rajesh Exports (0.43%) and T T K Prestige (0.26%).
Market breadth was negative with 1,033 advances against 1,432
Value and Volume Toppers
Indusind Bank topped the value chart on the BSE with a turnover
of Rs. 1,108.01 million. It was followed by State Bank Of India
(Rs. 412.25 million), Shoppers Stop (Rs. 393.06 million) and
Reliance Industries (Rs. 342.96 million).
The volume chart was led by G T L Infrastructure with trades of
over 5.44 million shares. It was followed by Indusind Bank (2.69
million), Shalimar Productions (2.50 million) and TV18 Broadcast