Indian markets continues to trade lower on Wednesday led by realty, power and capital goods stocks. At 2.36 pm, the Sensex was trading down 153.10 points or 0.81% at 18,640.26 with 26 components falling. Meanwhile, the Nifty was trading lower by 50.45 points or 0.88% at 5,654.15 with 42 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
15.69 points in the Sensex. It was followed by Infosys (15.09
points), H D F C Bank (14.57 points), State Bank Of India (13.28
points) and Larsen & Toubro (13.03 points).
However, Tata Steel contributed rise of 1.94 points in the Sensex. It was followed by Hero Motocorp (1.74 points), Jaiprakash Associates (1.36 points), Sun Pharmaceutical Industries (0.41 points) and Reliance Industries (0.22 points).
Major gainers in the 30-share index were Hero Motocorp (0.77%), Tata Steel (0.60%), Sun Pharmaceutical Industries (0.12%), and Reliance Industries (0.01%).
On the other hand, Bharat Heavy Electricals (2.28%), State Bank Of India (1.91%), Tata Power Company (1.91%), NTPC (1.74%), Wipro (1.70%), and Hindalco Industries (1.60%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.09% and -1.21% respectively.The major losers in the BSE Midcap were Aban Offshore (2.91%), Alok Industries (2.7%), CORE Education and Technologies (1.13%), Alstom India (1.02%) and A B G Shipyard (0.54%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (3.3%), Aarti Industries (3.23%), Styrolution ABS (India) (2.88%), Aanjaneya Lifecare (1.09%) and Trident (0.45%).
Sectors in Limelight
The Realty index was at 1,813.19, down by 77.17 points or by 4.08%. The major losers were Indiabulls Real Estate (9.55%), Anant Raj Industries (6.45%), D B Realty (4.99%), D L F (4.28%) and Godrej Properties (0.9%).
The Power index was at 2,019.15, down by 38.12 points or by 1.85%. The major losers were G M R Infrastructure (7.44%), Adani Power (3.57%), Bharat Heavy Electricals (2.28%), JSW Energy (2.26%) and Reliance Infrastructure (2.24%).
The IPO index was at 1,643.48, down by 25.23 points or by 1.51%. The major losers were Commercial Engineers and Body Builders Company (1.94%), Claris Lifesciences (1.85%), Bedmutha Industries (1.71%), BS TransComm (0.93%) and Coal India (0.83%).
The Capital Goods index was at 10,990.48, down by 146.27 points or by 1.31%. The major losers were Bharat Heavy Electricals (2.28%), Alstom T&D India (1.73%), BEML (1.6%), Havell"S India (1.54%) and Alstom India (1.02%).
Market Breadth
Market breadth was negative with 931 advances against 1,906 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 746.59 million. It was followed by State Bank Of India (Rs. 573.65 million), Tata Steel (Rs. 406.74 million) and Reliance Capital (Rs. 332.76 million).
The volume chart was led by Cals Refineries with trades of over 32.69 million shares. It was followed by Lanco Infratech (5.48 million), Indiabulls Real Estate (5.19 million) and Firstsource Solutions (4.66 million).
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