Indian equities drifted lowerafter European markets openednegative. Realty stocks fell the most followed by oil & gas, capital goods and consumer durables.At 1.11 p.m., the Sensex was trading down 138.05 points or 0.73% at 18,800.41 with 17 components falling. Meanwhile, the Nifty was trading lower by 50.65 points or 0.88% at 5,696.30 with 33 components falling. European stocks declined after a weeklong holiday and euro-area finance ministers meet to discuss the region"s debt crisis. Asian shares and U.S. index futures fell.
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 62.49 points in the Sensex. It was followed by Larsen & Toubro (22.36 points), ICICI Bank (19.87 points), Infosys (17.23 points) and State Bank Of India (13.88 points).
However, ITC contributed rise of 16.01 points in the Sensex. It was followed by Sun Pharmaceutical Industries (11.82 points), Housing Development Finance Corporation (6.29 points), Bharti Airtel (4.78 points) and NTPC (3.18 points).
Major gainers in the 30-share index were Sun Pharmaceutical Industries (3.61%), Sterlite Industries (India) (1.14%), Bharti Airtel (1.09%), NTPC (0.97%), Cipla (0.96%), and ITC (0.94%).
On the other hand, Hindalco Industries (3.52%), Reliance Industries (3.50%), Bharat Heavy Electricals (2.30%), Tata Power Company (2.26%), Larsen & Toubro (2.16%), and Wipro (2.01%) were the major losers in the Sensex.
Mid-cap Space
The BSE Midcap index was at 6671.35 down by 7.42 points or by 0.11%. The major losers were AIA Engineering (1.99%), Allcargo Logistics (1.45%), Alstom India (0.93%), CORE Education and Technologies (0.92%) and Aban Offshore (0.66%).
Sectors in Limelight
The Realty index was at 1,899.76, down by 49.82 points or by 2.56%. The major losers were DLF (6.49%), Parsvnath Developers (2.97%), Housing Development and Infrastructure (2.26%), Anant Raj Industries (1.5%) and Indiabulls Real Estate (1.2%).
The Oil & Gas index was at 8,673.80, down by 178.43 points or by 2.02%. The major losers were Reliance Industries (3.5%), GAIL (India) (1.26%), Gujarat State Petronet (0.98%), Oil & Natural Gas Corporation (0.97%) and Oil India (0.7%).
The Capital Goods index was at 11,150.39, down by 189.12 points or by 1.67%. The major losers were Bharat Heavy Electricals (2.3%), AIA Engineering (1.99%), Alstom India (0.93%), ABB (0.75%) and BEML (0.43%).
On the other hand, the HC index was at 7,529.34, up by 102.19 points or by 1.38%. The major gainers were Apollo Hospitals Enterprise (2.77%), Aurobindo Pharma (2.6%), Divis Laboratories (1.39%), Cipla (0.96%) and Cadila Healthcare (0.88%).
Market Breadth
Market breadth was negative with 1,347 advances against 1,370 declines.
Value and Volume Toppers
Shree Cement topped the value chart on the BSE with a turnover of Rs. 1,563.70 million. It was followed by United Spirits (Rs. 633.63 million), State Bank Of India (Rs. 499.53 million) and Tata Steel (Rs. 370.26 million).
The volume chart was led by Cals Refineries with trades of over 7.22 million shares. It was followed by Lanco Infratech (3.56 million), Raj Oil Mills (2.72 million) and Housing Development and Infrastructure (2.72 million).
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