Indian markets continue to trade in a lackluster note tracking subdued Asian cues. BSE Midcap and Smallcap index outperformed the benchmark indices. Realty, power and healthcare stocks gained.
Asian stocks dropped after Japanese machinery orders fell and Standard & Poor"s downgraded Spain"s debt rating.
At 10.59 a.m., the Sensex was trading down 39.46 points or 0.21% at 18,591.64 with 18 components falling. Meanwhile, the Nifty was trading lower by 7.40 points or 0.13% at 5,644.75 with 27 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a decline of 3.73 points or 0.02% at 18,627.37, while the broad based NSE Nifty started with a rise of 11.35 points or 0.20%, at 5,663.50.
Sensex Movers
ITC contributed fall of 14.36 points in the Sensex. It was followed by State Bank Of India (8.78 points), Infosys (8.16 points), Reliance Industries (6.6 points) and Larsen & Toubro (5.83 points).
However, HDFC Bank contributed rise of 14.71 points in the Sensex. It was followed by Tata Consultancy Services (3.47 points), Bharat Heavy Electricals (3.37 points), Bharti Airtel (2.81 points) and Grasim Industries (2.09 points).
Biggest gainers in the 30-share index were Bharat Heavy Electricals (1.45%), HDFC Bank (1.07%), Coal India (0.98%), Dr Reddy"s Laboratories (0.84%), Wipro (0.76%), and Tata Power Company (0.70%).
On the other hand, Maruti Suzuki India (1.67%), State Bank Of India (1.27%), Sterlite Industries (India) (0.94%), Bajaj Auto (0.92%), ITC (0.86%), and Hindustan Unilever (0.76%) were the major losers in the Sensex.
Mid-cap Space
The BSE Smallcap index was at 7045.82 down by 2.35 points or by 0.03%. The major losers were A2Z Maintenance & Engineering Services (1.47%), Adhunik Metaliks (0.64%), Reliance MediaWorks (0.33%), Styrolution ABS (India) (0.15%) and Trident (0.11%).
Sectors in Limelight
The FMCG index was at 5,658.08, down by 41.29 points or by 0.72%. The major losers were Godrej Consumer Products (1.68%), ITC (0.86%), Hindustan Unilever (0.76%), Dabur India (0.73%) and Colgate-Palmolive (India) (0.64%).
The Auto index was at 10,210.86, down by 73.36 points or by 0.71%. The major losers were Bharat Forge (2.26%), Ashok Leyland (1.05%), Bajaj Auto (0.92%), Hero Motocorp (0.49%) and Exide Industries (0.23%).
The Consumer Durables index was at 7,097.95, down by 31.26 points or by 0.44%. The major losers were Gitanjali Gems (2.65%), Bajaj Electricals (0.86%), Videocon Industries (0.49%), Titan Industries (0.22%) and Whirlpool Of India (0.1%).
On the other hand, the Realty index was at 1,831.24, up by 28.07 points or by 1.56%. The major gainers were Housing Development and Infrastructure (2.21%), Anant Raj Industries (1.77%), Indiabulls Real Estate (1.73%), Godrej Properties (1.51%) and DLF (1.31%).
Market Breadth
Market breadth was negative with 1,009 advances against 1,200 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 378.28 million. It was followed by State Bank Of India (Rs. 357.16 million), Housing Development and Infrastructure (Rs. 185.98 million) and Reliance Capital (Rs. 122.60 million).
The volume chart was led by Lanco Infratech with trades of over 3.17 million shares. It was followed by Cals Refineries (2.42 million), Suzlon Energy (1.92 million) and Housing Development and Infrastructure (1.83 million).
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