Indian equities fell further due to weak global cues and selling pressure seen in index heavyweights. Both Sensex and Nifty dropped the most in two months.
At 01.51 p.m., the Sensex was trading down 190.66 points or 1.01% at 18,747.80 with 21 components falling. Meanwhile, the Nifty was trading lower by 59.80 points or 1.04% at 5,687.15 with 38 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 67.93 points in the Sensex. It was followed by Larsen & Toubro (28.59 points), Infosys (20.43 points), ICICI Bank (20.22 points) and State Bank Of India (16.05 points).
However, ITC contributed rise of 15.35 points in the Sensex. It was followed by Sun Pharmaceutical Industries (11.31 points), Bharti Airtel (4.77 points), NTPC (2.79 points) and Housing Development Finance Corporation (1.4 points).
Major gainers in the 30-share index were Sun Pharmaceutical Industries (3.47%), Bharti Airtel (1.09%), ITC (0.91%), NTPC (0.85%), Jindal Steel & Power (0.71%), and Sterlite Industries (India) (0.64%).
On the other hand, Hindalco Industries (3.84%), Reliance Industries (3.81%), Tata Power Company (2.84%), Larsen & Toubro (2.77%), Bharat Heavy Electricals (2.51%), and Tata Motors (2.34%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.31% and -0.15% respectively.The major losers in the BSE Midcap were A I A Engineering (2.73%), Allcargo Logistics (1.64%), CORE Education and Technologies (1.59%), Aban Offshore (1.59%) and Alstom India (0.76%).The major losers in the BSE Smallcap were Aanjaneya Lifecare (2.29%), Adhunik Metaliks (1.74%), Trident (1.66%), ABG Infralogistics (1.23%) and Styrolution ABS (India) (0.54%).
Sectors in Limelight
The Realty index was at 1,886.97, down by 62.61 points or by 3.21%. The major losers were DLF (7.38%), Parsvnath Developers (3.21%), Housing Development and Infrastructure (2.53%), Indiabulls Real Estate (1.65%) and Anant Raj Industries (1.5%).
The Oil & Gas index was at 8,649.19, down by 203.04 points or by 2.29%. The major losers were Reliance Industries (3.81%), GAIL (India) (1.34%), Oil & Natural Gas Corporation (1.29%), Gujarat State Petronet (1.28%) and Oil India (1.01%).
The Capital Goods index was at 11,089.47, down by 250.04 points or by 2.21%. The major losers were A I A Engineering (2.73%), Bharat Heavy Electricals (2.51%), ABB (1.87%), Alstom India (0.76%) and BEML (0.75%).
On the other hand, the HC index was at 7,514.16, up by 87.01 points or by 1.17%. The major gainers were Apollo Hospitals Enterprise (2.45%), Aurobindo Pharma (1.99%), Cadila Healthcare (1.41%), Cipla (0.59%) and Dr Reddy"s Laboratories (0.3%).
Market Breadth
Market breadth was negative with 1,313 advances against 1,462 declines.
Value and Volume Toppers
Shree Cement topped the value chart on the BSE with a turnover of Rs. 1,576.03 million. It was followed by United Spirits (Rs. 835.17 million), State Bank Of India (Rs. 558.37 million) and Tata Steel (Rs. 403.30 million).
The volume chart was led by Cals Refineries with trades of over 9.18 million shares. It was followed by Lanco Infratech (3.94 million), Adinath Bio-Labs (3.90 million) and Housing Development and Infrastructure (3.08 million).
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