Indian equities dropped in early trade on Friday erasing earlier
gains. At 09.19 a.m., the Sensex was trading down 99.93 points or
0.53% at 18,704.82 with 8 components falling. Meanwhile, the Nifty
was trading lower by 12.15 points or 0.21% at 5,695.90 with 17
The 30-share benchmark index, BSE Sensex opened with a decline
of 77.65 points or 0.41% at 18,727.10, while the broad based NSE
Nifty started with a fall of 26.35 points or 0.46%, at
Wipro contributed fall of 5.29 points
in the Sensex. It was followed by Larsen & Toubro (1.93
points), Tata Motors (1.34 points), Tata Consultancy Services (1.29
points) and D L F (0.76 points).
However, I T C contributed rise of 8.96 points in the Sensex. It
was followed by H D F C Bank (7.88 points), I C I C I Bank (4.37
points), Oil & Natural Gas Corporation (3.82 points) and Tata
Steel (2.84 points).
Major gainers in the 30-share index were G A I L (India)
(1.27%), Tata Steel (0.87%), Cipla (0.72%), Sun Pharmaceutical
Industries (0.68%), Coal India (0.59%), and H D F C Bank
On the other hand, Infosys (7.91%), Wipro (1.94%), Tata Motors
(0.22%), Bharat Heavy Electricals (0.22%), Larsen & Toubro
(0.19%), and Maruti Suzuki India (0.15%) were the major losers in
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.18% and 0.19% respectively. The major
gainers in the BSE Midcap were CORE Education and Technologies
(2.71%), Anant Raj Industries (1.87%), Amtek Auto (0.81%), Alstom
India (0.8%) and Aban Offshore (0.12%).The major gainers in the BSE
Smallcap were Advanta India (1%), Reliance MediaWorks (0.33%),
Adhunik Metaliks (0.31%), Alembic Pharmaceuticals (0.22%) and Aegis
Sectors in Limelight
The HC index was at 7,573.23, up by 39.93 points or by 0.53%.
The major gainers were Cadila Healthcare (1%), Divis Laboratories
(0.85%), Cipla (0.72%), Biocon (0.48%) and Apollo Hospitals
The FMCG index was at 5,765.29, up by 27.69 points or by 0.48%.
The major gainers were Dabur India (1.53%), Godrej Consumer
Products (1.32%), I T C (0.53%), Colgate-Palmolive (India) (0.32%)
and Hindustan Unilever (0.3%).
The Bankex index was at 13,191.71, up by 51.92 points or by
0.40%. The major gainers were Canara Bank(1.12%), Bank Of India
(0.83%), H D F C Bank (0.57%), Federal Bank (0.41%) and Bank Of
On the other hand, the IT index was at 5,649.38, down by 231.74
points or by 3.94%. The major losers were Infosys (7.91%), Hexaware
Technologies (1.14%), Mphasis (0.71%), H C L Technologies (0.38%)
and Oracle Financial Services Software (0.26%).
Market breadth was positive with 508 advances against 302
Value and Volume Toppers
Infosys topped the value chart on the BSE with a turnover of Rs.
262.61 million. It was followed by State Bank Of India (Rs. 29.89
million), Tata Motors (Rs. 29.74 million) and Tata Steel (Rs. 27.10
The volume chart was led by Unitech with trades of over 0.48
million shares. It was followed by Tulip Telecom (0.40 million),
Kingfisher Airlines (0.31 million) and Sanguine Media (0.20