Indian markets extended losses led by capital goods, power and metal stocks. At 12.56 p.m., the Sensex was trading down 123.26 points or 0.67% at 18,372.75 with 21 components falling. Meanwhile, the Nifty was trading lower by 43.15 points or 0.77% at 5,556.90 with 35 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 203.79 points or 1.10% at 18,292.22, while the broad based NSE Nifty started with a fall of 63.10 points or 1.13%, at 5,536.95.
Sensex Movers
Reliance Industries contributed fall of 32.42 points in the Sensex. It was followed by Housing Development Finance Corporation (32.25 points), ICICI Bank (21.91 points), Larsen & Toubro (20.23 points) and Bharat Heavy Electricals (7.82 points).
However, Tata Consultancy Services contributed rise of 17.56 points in the Sensex. It was followed by ITC (7.13 points), Infosys (6.55 points), Oil & Natural Gas Corporation (5.78 points) and Bharti Airtel (4.81 points).
Major gainers in the 30-share index were Tata Consultancy Services (1.81%), Maruti Suzuki India (1.45%), Bharti Airtel (1.21%), Jindal Steel & Power (0.83%), Oil & Natural Gas Corporation (0.82%), and Wipro (0.57%).
On the other hand, GAIL (India) (4.02%), Bharat Heavy Electricals (3.80%), Sterlite Industries (India) (2.89%), Housing Development Finance Corporation (2.34%), Larsen & Toubro (2.10%), and Coal India (1.91%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.54% and -0.54% respectively.The major losers in the BSE Midcap were Aban Offshore (2.84%), A I A Engineering (0.85%), Allcargo Logistics (0.7%), ABG Shipyard (0.59%) and CORE Education and Technologies (0.09%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (2.88%), Trident (2.45%), ABG Infralogistics (0.7%), Aarti Industries (0.26%) and Styrolution ABS (India) (0.2%).
Sectors in Limelight
The Capital Goods index was at 10,293.60, down by 218.48 points or by 2.08%. The major losers were Bharat Heavy Electricals (3.8%), BEML (3.52%), Crompton Greaves (1.58%), ABB (1.16%) and A I A Engineering (0.85%).
The Power index was at 1,906.86, down by 31.84 points or by 1.64%. The major losers were Bharat Heavy Electricals (3.8%), Reliance Infrastructure (3.2%), Adani Power (2.49%), Crompton Greaves (1.58%) and A B B (1.16%).
The Metal index was at 10,353.86, down by 146.87 points or by 1.4%. The major losers were Hindustan Zinc (2.68%), Coal India (1.91%), JSW Steel (1.31%), Bhushan Steel (0.65%) and Hindalco Industries (0.26%).
On the other hand, the TECk index was at 3,455.03, up by 28.45 points or by 0.83%. The major gainers were Mphasis (3.42%), Bharti Airtel (1.21%), D B Corp (0.83%), HCL Technologies (0.49%) and Infosys (0.43%).
Market Breadth
Market breadth was negative with 1,032 advances against 1,565 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 767.49 million. It was followed by Pantaloon Retail (India) (Rs. 349.47 million), Tata Motors (Rs. 252.58 million) and GlaxoSmithkline Consumer Healthcare (Rs. 233.25 million).
The volume chart was led by Winsome Diamonds and Jewellery with trades of over 6.36 million shares. It was followed by Kingfisher Airlines (4.43 million), Spicejet (3.74 million) and Lanco Infratech (3.38 million).
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