Indian equities dropped on Wednesday. At 10.04 a.m., the Sensex was trading down 85.44 points or 0.45% at 18,707.92 with 19 components falling. Meanwhile, the Nifty was trading lower by 27.20 points or 0.48% at 5,677.40 with 32 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
Infosys contributed fall of 21.25
points in the Sensex. It was followed by I C I C I Bank (12.83
points), H D F C Bank (12.52 points), Larsen & Toubro (11.18
points) and Housing Development Finance Corporation (9.27
points).
However, Reliance Industries contributed rise of 7.19 points in the Sensex. It was followed by Grasim Industries (3.17 points), Tata Steel (2.62 points), Tata Motors (2.16 points) and Hero Motocorp (1.89 points).
Biggest gainers in the 30-share index were Hero Motocorp (0.83%), Tata Steel (0.80%), Jindal Steel & Power (0.57%), Cipla (0.48%), Reliance Industries (0.40%), and Sun Pharmaceutical Industries (0.35%).
On the other hand, Infosys (1.43%), Bharat Heavy Electricals (1.42%), Oil & Natural Gas Corporation (1.19%), NTPC (1.18%), State Bank Of India (1.15%), and Mahindra & Mahindra (1.12%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.30% and -0.25% respectively.The major losers in the BSE Midcap were Aban Offshore (1.09%), Alstom India (0.9%), A B G Shipyard (0.73%), Allcargo Logistics (0.26%) and CORE Education and Technologies (0.03%).The major losers in the BSE Smallcap were Aarti Industries (2.07%), Ahluwalia Contracts (India) (1.7%), A2Z Maintenance & Engineering Services (1.62%), Aegis Logistics (1.39%) and Styrolution ABS (India) (0.64%).
Sectors in Limelight
The Realty index was at 1,836.35, down by 54.01 points or by 2.86%. The major losers were Indiabulls Real Estate (7.35%), D B Realty (4.33%), D L F (3.93%), Housing Development and Infrastructure (3.88%) and Anant Raj Industries (0.89%).
The Power index was at 2,034.79, down by 22.48 points or by 1.09%. The major losers were G M R Infrastructure (3.52%), Bharat Heavy Electricals (1.42%), Reliance Infrastructure (1.37%), Adani Power (1.35%) and JSW Energy (1.01%).
The Bankex index was at 13,022.87, down by 120.15 points or by 0.91%. The major losers were Canara Bank(1.18%), Federal Bank (1.01%), H D F C Bank (0.9%), Bank Of India (0.79%) and Bank Of Baroda (0.12%).
On the other hand, the HC index was at 7,620.02, up by 18.30 points or by 0.24%. The major gainers were Glenmark Pharmaceutical (1.37%), Divis Laboratories (1.26%), Cadila Healthcare (0.77%), Glaxo SmithKline Pharmaceuticals (0.69%) and Cipla (0.48%).
Market Breadth
Market breadth was negative with 859 advances against 1,033 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 325.39 million. It was followed by Tata Steel (Rs. 150.10 million), State Bank Of India (Rs. 139.49 million) and D L F (Rs. 116.56 million).
The volume chart was led by Indiabulls Real Estate with trades of over 1.41 million shares. It was followed by Lanco Infratech (1.17 million), India Infoline (1.05 million) and Electrosteel Steels (1.03 million).
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