Indian markets endedloweron Wednesdayled by realty, power stocks. The market continued to face selling pressure throughout the trading session. Lower opening of European indices as well as flattish US Futures also suppressed the bullish sentiment. Market breadth was negative and volumes were also lower than last trading session. Among the sectoral indices, almost all the indices ended on a negative note, barring FMCG which was marginally up. Realty was the top loser, down by 4.77%, followed by Power which was down by more than 2%. Banking, PSU, Technology, and Capital Goods were also down by more than a percent.At the close, the benchmark 30-share index, BSE Sensex lost 162.26 points or 0.86% at 18,631.10 with 27 components registering drop. Meanwhile, the broad based NSE Nifty fell by 52.45 or 0.92% at 5,652.15 with 45 components posting drop.
Nidhi Sarswat, senior research analyst, Bonanza Portfolio, said,"In the coming sessions, 5,640 is a deciding level on downside. If Nifty goes below 5,640, further selling pressure may be seen upto 5,575-5,525. On the upsides, above 5690, further buying momentum is likely for a target of 5,750-5,825. Until these levels are crossed either way, near term trend remains indecisive and Nifty continues to trade in range."
"Inflation data and IIP data shall be released in this week and shall impact the near term market trend. Also, after mid-October, September Q2 results are likely to start and will have stock and sector-specific impact," she added.
Sensex Movers
Infosys contributed fall of 19.12 points
in the Sensex. It was followed by H D F C Bank (16.55 points),
State Bank Of India (16.15 points), I C I C I Bank (13.99 points)
and Housing Development Finance Corporation (13.53 points).
However, I T C contributed rise of 6.02 points in the Sensex. It was followed by Jaiprakash Associates (2.6 points), Reliance Industries (1.63 points), Hero Motocorp (0.74 points) and Tata Steel (0.08 points).
Biggest gainers in the 30-share index were I T C (0.36%), Hero Motocorp (0.33%), and Reliance Industries (0.09%).
On the other hand, State Bank Of India (2.32%), Tata Power Company (2.25%), Hindalco Industries (2.11%), Bharat Heavy Electricals (2.04%), NTPC (1.82%), and Mahindra & Mahindra (1.75%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.29% and -1.53% respectively.The major losers in the BSE Midcap were Aban Offshore (2.3%), Allcargo Logistics (1.78%), A I A Engineering (1.55%), Alstom India (1.36%) and A B G Shipyard (1.19%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (3.77%), Aarti Industries (3.46%), Aanjaneya Lifecare (1.04%), Styrolution ABS (India) (0.64%) and Trident (0.11%).
Sectors in Limelight
The Realty index was at 1,803.17, down by 87.19 points or by 4.61%. The major losers were Indiabulls Real Estate (7.96%), Anant Raj Industries (6.62%), D L F (5%), D B Realty (4.99%) and Godrej Properties (1.42%).
The Power index was at 2,012.59, down by 44.68 points or by 2.17%. The major losers were G M R Infrastructure (9%), Adani Power (4.25%), Reliance Infrastructure (2.85%), JSW Energy (2.65%) and Bharat Heavy Electricals (2.04%).
The IPO index was at 1,639.78, down by 28.93 points or by 1.73%. The major losers were Claris Lifesciences (2.03%), Bedmutha Industries (1.63%), BS TransComm (0.86%), Coal India (0.81%) and Ashoka Buildcon (0.02%).
On the other hand, the FMCG index was at 5,699.37, up by 2.26 points or by 0.04%. The major gainers were Tata Global Beverages (1.56%), Jubilant FoodWorks (0.7%), Nestle India (0.59%), I T C (0.36%) and United Spirits (0.21%).
Market Breadth
Market breadth was negative with 1,009 advances against 1,956 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 1,028.27 million. It was followed by State Bank Of India (Rs. 823.28 million), Indiabulls Real Estate (Rs. 576.81 million) and Tata Steel (Rs. 505.26 million).
The volume chart was led by Cals Refineries with trades of over 36.52 million shares. It was followed by Indiabulls Real Estate (9.50 million), Lanco Infratech (6.73 million) and Firstsource Solutions (5.50 million).
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