Indian markets continues tofall in noon trade on Wednesday. BSE Mid and Small-cap index underperformed the benchmark indices. Realty, power and capital goods stocks led the fall in the market
At 12.00 p.m, the Sensex was trading down 133.39 points or 0.71% at 18,659.97 with 25 components falling. Meanwhile, the Nifty was trading lower by 44.05 points or 0.77% at 5,660.55 with 38 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
H D F C Bank contributed fall of 17.24
points in the Sensex. It was followed by Larsen & Toubro (16.82
points), I C I C I Bank (13.61 points), State Bank Of India (12.27
points) and Infosys (11.68 points).
However, I T C contributed rise of 2.71 points in the Sensex. It was followed by Reliance Industries (1.63 points), Tata Steel (1.59 points), Jaiprakash Associates (1.48 points) and Hero Motocorp (1.46 points).
Major gainers in the 30-share index were Hero Motocorp (0.65%), Tata Steel (0.49%), Sun Pharmaceutical Industries (0.32%), I T C (0.16%), and Reliance Industries (0.09%).
On the other hand, Bharat Heavy Electricals (2.56%), NTPC (2.18%), State Bank Of India (1.76%), G A I L (India) (1.72%), Larsen & Toubro (1.64%), and Oil & Natural Gas Corporation (1.59%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.00% and -1.04% respectively.The major losers in the BSE Midcap were Aban Offshore (3.15%), CORE Education and Technologies (0.96%), Alstom India (0.74%), A B G Shipyard (0.28%) and Allcargo Logistics (0.26%).The major losers in the BSE Smallcap were Aarti Industries (3.69%), A2Z Maintenance & Engineering Services (3.1%), Styrolution ABS (India) (0.64%), Trident (0.45%) and Aanjaneya Lifecare (0.02%).
Sectors in Limelight
The Realty index was at 1,820.96, down by 69.4 points or by 3.67%. The major losers were Indiabulls Real Estate (9.17%), D B Realty (4.99%), D L F (4.06%), Anant Raj Industries (3.31%) and Godrej Properties (0.82%).
The Power index was at 2,017.58, down by 39.69 points or by 1.93%. The major losers were G M R Infrastructure (6.26%), Bharat Heavy Electricals (2.56%), Reliance Infrastructure (2.29%), JSW Energy (2.26%) and Adani Power (1.74%).
The Capital Goods index was at 10,966.04, down by 170.71 points or by 1.53%. The major losers were Bharat Heavy Electricals (2.56%), Alstom T&D India (1.61%), BEML (1.37%), Havell"S India (1.23%) and Alstom India (0.74%).
On the other hand, the FMCG index was at 5,700.67, up by 3.56 points or by 0.06%. The major gainers were Godrej Consumer Products (1.11%), United Breweries (0.96%), Jubilant FoodWorks (0.92%), United Spirits (0.33%) and I T C (0.16%).
Market Breadth
Market breadth was negative with 885 advances against 1,654 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 552.70 million. It was followed by State Bank Of India (Rs. 329.29 million), Tata Steel (Rs. 303.78 million) and Indiabulls Real Estate (Rs. 251.77 million).
The volume chart was led by Indiabulls Real Estate with trades of over 4.20 million shares. It was followed by Lanco Infratech (3.95 million), Cals Refineries (3.25 million) and Jaiprakash Associates (2.24 million).
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