Indian markets drifted sharply loweron Mondaywith Sensex falling below 18,800 and Niftylosing 5,700 mark on aggressive selling pressure seen across counters. Global markets were also subdued.
At the close, the benchmark 30-share index, BSE Sensex declined 229.48 points or 1.21% at 18,708.98 with 22 components posting drop. Meanwhile, the broad based NSE Nifty went down by 70.95 points or 1.23% at 5,676 with 40 components registering drop.Heavyweight Reliance Industries plunged today after global firm Morgan Stanley downgraded the company to underweight from equal weight. It has also cut the target price on the company to Rs 743, which implies a 13% downside.Sensex Movers
Reliance Industries contributed fall of 80.22 points in the Sensex. It was followed by Larsen & Toubro (31.78 points), Infosys (21.8 points), State Bank Of India (20.72 points) and ICICI Bank (19.63 points).
However, Sun Pharmaceutical Industries contributed rise of 11.95 points in the Sensex. It was followed by ITC (11.03 points), Bharti Airtel (7.05 points), Reliance Communications (2.05 points) and NTPC (1.05 points).
Major gainers in the 30-share index were Sun Pharmaceutical Industries (3.67%), Bharti Airtel (1.62%), Cipla (0.87%), Jindal Steel & Power (0.79%), ITC (0.65%), and NTPC (0.32%).
On the other hand, Reliance Industries (4.51%), Hindalco Industries (3.52%), Bharat Heavy Electricals (3.44%), Larsen & Toubro (3.09%), State Bank Of India (2.97%), and Tata Motors (2.87%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.44% and -0.16% respectively.The major losers in the BSE Midcap were Allcargo Logistics (1.68%), Aban Offshore (1.62%), CORE Education and Technologies (1.62%), Alstom India (1.49%) and AIA Engineering (0.05%).The major losers in the BSE Smallcap were Trident (3.54%), Aanjaneya Lifecare (3.43%), ABG Infralogistics (1.97%), Aarti Industries (0.32%) and Styrolution ABS (India) (0.14%).
Sectors in Limelight
The Realty index was at 1,881.40, down by 68.18 points or by 3.5%. The major losers were DLF (7.24%), Indiabulls Real Estate (4.11%), Housing Development and Infrastructure (2.63%), Anant Raj Industries (2.06%) and Oberoi Realty (0.5%).
The Oil & Gas index was at 8,606.89, down by 245.34 points or by 2.77%. The major losers were Oil India (1.22%), Hindustan Petroleum Corporation (0.43%), Gujarat State Petronet (0.43%), Bharat Petroleum Corporation (0.25%) and G A I L (India) (0.11%).
The Capital Goods index was at 11,032.78, down by 306.73 points or by 2.7%. The major losers were Bharat Heavy Electricals (3.44%), A B B (2.63%), Alstom India (1.49%), BEML (1.34%) and A I A Engineering (0.05%).
On the other hand, the HC index was at 7,516.01, up by 88.86 points or by 1.20%. The major gainers were Aurobindo Pharma (3.61%), Apollo Hospitals Enterprise (2.28%), Cadila Healthcare (2.22%), Cipla (0.87%) and Divis Laboratories (0.47%).
Market Breadth
Market breadth was negative with 1,425 advances against 1,542 declines.
Value and Volume Toppers
Shree Cement topped the value chart on the BSE with a turnover of Rs. 1,671.75 million. It was followed by United Spirits (Rs. 1,344.57 million), State Bank Of India (Rs. 985.04 million) and Reliance Industries (Rs. 604.70 million).
The volume chart was led by Lanco Infratech with trades of over 6.37 million shares. It was followed by IVRCL (4.54 million), Housing Development and Infrastructure (4.36 million) and IFCI (4.30 million).
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