Indian markets dropped in early trade on Wednesday erasing earlier gains. At 09.18 a.m., the Sensex was trading down 98.45 points or 0.52% at 18,694.91 with 27 components falling. Meanwhile, the Nifty was trading lower by 31.85 points or 0.56% at 5,672.75 with 44 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 94.17 points or 0.50% at 18,699.19, while the broad based NSE Nifty started with a fall of 33.45 points or 0.59%, at 5,671.15.
Sensex Movers
I C I C I Bank contributed fall of
13.56 points in the Sensex. It was followed by Infosys (13.05
points), Reliance Industries (11.98 points), Larsen & Toubro
(10.54 points) and State Bank Of India (7.25 points).
However, Sun Pharmaceutical Industries contributed rise of 1.63 points in the Sensex. It was followed by Tata Steel (0.6 points), Hindustan Unilever (0.12 points), ACC (0.15 points) and Tata Power Company (0.68 points).
Biggest gainers in the 30-share index were Sun Pharmaceutical Industries (0.50%), Cipla (0.40%), and Tata Steel (0.18%).
On the other hand, Bharat Heavy Electricals (1.50%), Bharti Airtel (1.24%), Hindalco Industries (1.18%), Sterlite Industries (India) (1.08%), State Bank Of India (1.04%), and Larsen & Toubro (1.03%) were the biggest losers in the Sensex.
Market Breadth
Market breadth was negative with 242 advances against 324 declines.
Value and Volume Toppers
Vakrangee Softwares topped the value chart on the BSE with a turnover of Rs. 19.01 million. It was followed by United Spirits (Rs. 14.27 million), State Bank Of India (Rs. 11.46 million) and Tata Steel (Rs. 9.17 million).
The volume chart was led by Vakrangee Softwares with trades of over 0.36 million shares. It was followed by G C V Services (0.12 million), Sanraa Media (0.10 million) and Bampsl Securities (0.10 million).
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