Indian equities continue to trade negative tracking weak Asian cues. BSE Midcap and Smallcap index outperformed the benchmark indices. Profit booking is being witnessed in oil & gas, realty and capital goods, while healthcare stocks gained the most.
At 12.04 p.m., the Sensex was trading down 81.77 points or 0.43% at 18,856.69 with 19 components falling. Meanwhile, the Nifty was trading lower by 30.45 points or 0.53% at 5,716.50 with 34 components falling.
The 30-share benchmark index, BSE Sensex opened with a gain of 30.73 points or 0.16% at 18,969.19, while the broad based NSE Nifty began flat with a gain of 4.90 points or 0.09%, at 5,751.85.
Sensex Movers
Reliance Industries contributed fall of 46.17 points in the Sensex. It was followed by Infosys (19.54 points), Larsen & Toubro (13.2 points), ICICI Bank (12.21 points) and State Bank Of India (10.42 points).
However, ITC contributed rise of 17.91 points in the Sensex. It was followed by Sun Pharmaceutical Industries (12.57 points), Housing Development Finance Corporation (9.7 points), Bharti Airtel (5.87 points) and NTPC (5.31 points).
Biggest gainers in the 30-share index were Sun Pharmaceutical Industries (3.83%), NTPC (1.61%), Sterlite Industries (India) (1.58%), Cipla (1.39%), Bharti Airtel (1.34%), and Tata Steel (1.13%).
On the other hand, Reliance Industries (2.58%), Wipro (2.11%), Bharat Heavy Electricals (2.00%), Tata Power Company (1.73%), Hindalco Industries (1.60%), and State Bank Of India (1.48%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.35% and 0.47% respectively. The major gainers in the BSE Midcap were Apollo Hospitals Enterprise (2.97%), ABG Shipyard (1.38%), Alok Industries (0.62%), Anant Raj Industries (0.5%) and Amtek Auto (0.17%).The major gainers in the BSE Smallcap were Advanta India (3.35%), A2Z Maintenance & Engineering Services (2.38%), Styrolution ABS (India) (1.77%), Aarti Industries (0.5%) and Action Construction Equipment (0.19%).
Sectors in Limelight
The Oil & Gas index was at 8,730.40, down by 121.83 points or by 1.38%. The major losers were Reliance Industries (2.58%), Oil & Natural Gas Corporation (0.82%), GAIL (India) (0.76%), Oil India (0.31%) and Gujarat State Petronet (0.06%).
The Realty index was at 1,924.54, down by 25.04 points or by 1.28%. The major losers were DLF (4.86%), Parsvnath Developers (3.09%), Sobha Developers (1.02%) and Housing Development and Infrastructure (0.28%).
The Capital Goods index was at 11,219.21, down by 120.3 points or by 1.06%. The major losers were Bharat Heavy Electricals (2%), Alstom India (0.81%), Crompton Greaves (0.61%), AIA Engineering (0.32%) and ABB (0.16%).
On the other hand, the HC index was at 7,548.10, up by 120.95 points or by 1.63%. The major gainers were Aurobindo Pharma (4.37%), Apollo Hospitals Enterprise (2.97%), Cipla (1.39%), Cadila Healthcare (1.11%) and Biocon (0.33%).
Market Breadth
Market breadth was positive with 1,413 advances against 1,158 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 451.60 million. It was followed by State Bank Of India (Rs. 351.32 million), Tata Steel (Rs. 313.39 million) and Reliance Capital (Rs. 234.65 million).
The volume chart was led by Cals Refineries with trades of over 6.30 million shares. It was followed by Sybly Industries (3.11 million), Lanco Infratech (2.87 million) and Raj Oil Mills (2.67 million).
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