Indian equities continued to trade lower in noon session on Friday. The fall was more prominent in mid and Small-cap stocks. Realy and IT stocks dropped in the range of 1.7 to 2%.
At 11.57 a.m., the Sensex was trading down 173.86 points or 0.91% at 18,884.29 with 22 components falling. Meanwhile, the Nifty was trading lower by 59.40 points or 1.03% at 5,728.20 with 42 components falling.
The 30-share benchmark index, BSE Sensex opened with a gain of 57.74 points or 0.30% at 19,115.89, while the broad based NSE Nifty started with a rise of 27.40 points or 0.47%, at 5,815.
Sensex Movers
Housing Development Finance Corporation contributed fall of 57.87 points in the Sensex. It was followed by Infosys (29.27 points), ICICI Bank (24.55 points), HDFC Bank (14.19 points) and Tata Consultancy Services (12.47 points).
However, Tata Motors contributed rise of 8.02 points in the Sensex. It was followed by Hindustan Unilever (7.83 points), Mahindra & Mahindra (4.6 points), Maruti Suzuki India (0.11 points) and Hero Motocorp (1.08 points).
Major gainers in the 30-share index were Coal India (1.55%), Tata Motors (1.29%), Hindustan Unilever (1.15%), Mahindra & Mahindra (1.04%), Bajaj Auto (0.25%), and GAIL (India) (0.20%).
On the other hand, Housing Development Finance Corporation (4.09%), Wipro (2.55%), Bharti Airtel (2.34%), Infosys (1.95%), Bharat Heavy Electricals (1.80%), and ICICI Bank (1.68%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.37% and -1.70% respectively.The major losers in the BSE Midcap were Aban Offshore (3.41%), Alok Industries (3.25%), Alstom India (2.41%), ABG Shipyard (0.53%) and CORE Education and Technologies (0.25%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (5.24%), Trident (5.05%), Action Construction Equipment (3.45%), Aarti Industries (1.44%) and Styrolution ABS (India) (1.2%).
Sectors in Limelight
The Realty index was at 1,906.31, down by 38.1 points or by 1.96%. The major losers were Anant Raj Industries (3.06%), Indiabulls Real Estate (2.53%), DLF (1.99%), Godrej Properties (1.69%) and Housing Development and Infrastructure (0.99%).
The TECk index was at 3,406.70, down by 64.33 points or by 1.85%. The major losers were Reliance MediaWorks (3.14%), Idea Cellular (3.1%), Bharti Airtel (2.34%), Dish TV India (2.16%) and Mphasis (0.82%).
The IT index was at 5,904.05, down by 104 points or by 1.73%. The major losers were HCLTechnologies (1.5%), Hexaware Technologies (1.35%), Oracle Financial Services Software (1.19%), Mphasis (0.82%) and CORE Education and Technologies (0.25%).
On the other hand, the Auto index was at 10,482.02, up by 46.83 points or by 0.45%. The major gainers were Tata Motors (1.29%), Mahindra & Mahindra (1.04%) and Bajaj Auto (0.25%).
Market Breadth
Market breadth was negative with 699 advances against 1,907 declines.
Value and Volume Toppers
Housing Development Finance Corporation topped the value chart on the BSE with a turnover of Rs. 15,662.55 million. It was followed by Motilal Oswal Financial Services (Rs. 2,922.78 million), State Bank Of India (Rs. 1,026.46 million) and Reliance Capital (Rs. 746.75 million).
The volume chart was led by Motilal Oswal Financial Services with trades of over 23.39 million shares. It was followed by Housing Development Finance Corporation (20.72 million), Cals Refineries (6.61 million) and Lanco Infratech (5.83 million).
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