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 components falling.
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 5,681.70.
Sensex Movers
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 (0.57%).
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 the Sensex.
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 Logistics (0.16%).
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 Enterprise (0.43%).
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 Baroda (0.16%).
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
Market breadth was positive with 508 advances against 302 declines.
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 million).
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 million).
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