Indian markets continues to trade lower led by IT, banking and healthcare stocks. At 1.50 p.m., the Sensex was trading down 154.71 points or 0.81% at 18,903.44 with 24 components falling. Meanwhile, the Nifty was trading lower by 44.60 points or 0.77% at 5,743 with 43 components falling.
European stocks advanced, before a U.S. jobs report, while the yen rose after the Bank of Japan held off from adding to stimulus. German bonds fell.
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 66.82 points in the Sensex. It was followed by ICICI Bank (24.64 points), Infosys (23.02 points), HDFC Bank (22.09 points) and Tata Consultancy Services (10.41 points).
However, Tata Motors contributed rise of 12.32 points in the Sensex. It was followed by Hindustan Unilever (10.17 points), Larsen & Toubro (7 points), Mahindra & Mahindra (4.84 points) and ITC (3.72 points).
Major gainers in the 30-share index were Tata Motors (1.99%), Coal India (1.67%), Hindustan Unilever (1.49%), Mahindra & Mahindra (1.09%), Larsen & Toubro (0.67%), and ITC (0.22%).
On the other hand, Housing Development Finance Corporation (4.72%), Wipro (2.10%), ICICI Bank (1.69%), Bharti Airtel (1.60%), HDFC Bank (1.58%), and Infosys (1.53%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6680.41 down by 51.48 points or by 0.76%. The major losers were Aban Offshore (3.1%), Alstom India (1.81%), Allcargo Logistics (1.29%), CORE Education and Technologies (0.61%) and ABG Shipyard (0.45%).
The BSE Smallcap index was at 7130.61 down by 80.26 points or by 1.11%. The major losers were A2Z Maintenance & Engineering Services (4.58%), Trident (4.21%), Action Construction Equipment (3.64%), Styrolution ABS (India) (1.28%) and Aarti Industries (0.82%).
Sectors in Limelight
The TECk index was at 3,417.50, down by 53.53 points or by 1.54%. The major losers were Reliance MediaWorks (3.2%), Idea Cellular (3.1%), Dish TV India (1.92%), Bharti Airtel (1.6%) and Mphasis (0.27%).
The IT index was at 5,919.90, down by 88.15 points or by 1.47%. The major losers were Hexaware Technologies (1.48%), HCL Technologies (1.44%), CORE Education and Technologies (0.61%), Oracle Financial Services Software (0.59%) and Mphasis (0.27%).
The Bankex index was at 13,195.90, down by 161.54 points or by 1.21%. The major losers were Bank Of India(2.96%), Canara Bank (2.01%), ICICI Bank (1.69%), HDFC Bank (1.58%) and Indusind Bank (0.46%).
On the other hand, the Consumer Durables index was at 7,180.79, up by 67.29 points or by 0.95%. The major gainers were Blue Star (10.68%), Gitanjali Gems (5.42%), Titan Industries (0.97%) and Bajaj Electricals (0.15%).
Market Breadth
Market breadth was negative with 882 advances against 1,914 declines.
Value and Volume Toppers
Housing Development Finance Corporation topped the value chart on the BSE with a turnover of Rs. 16,146.05 million. It was followed by Motilal Oswal Financial Services (Rs. 2,878.62 million), State Bank Of India (Rs. 1,348.02 million) and Reliance Capital (Rs. 927.90 million).
The volume chart was led by Motilal Oswal Financial Services with trades of over 23.40 million shares. It was followed by Housing Development Finance Corporation (21.49 million), Cals Refineries (8.74 million) and Lanco Infratech (8.23 million).
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