Indian equities are trading flat with negative bias in early
trade on Monday. At 09.22 a.m., the Sensex was trading down 42.43
points or 0.23% at 18,632.75 with 20 components falling. Meanwhile,
the Nifty was trading lower by 11.05 points or 0.19% at 5,665.00
with 30 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a rise
of 15.81 points or 0.08% at 18,690.99, while the broad based NSE
Nifty started with a fall of 1.80 points or 0.03%, at 5,674.25.
I T C contributed fall of 8.62 points
in the Sensex. It was followed by H D F C Bank (6.13 points),
Housing Development Finance Corporation (5.18 points), Tata Motors
(3.95 points) and I C I C I Bank (3.03 points).
However, Reliance Industries contributed rise of 5.51 points in
the Sensex. It was followed by Tata Consultancy Services (3
points), Larsen & Toubro (2.11 points), Grasim Industries (1.64
points) and Mahindra & Mahindra (1.28 points).
Major gainers in the 30-share index were Dr Reddy"S Laboratories
(0.57%), Hindalco Industries (0.42%), Wipro (0.34%), Tata
Consultancy Services (0.34%), Jindal Steel & Power (0.31%), and
Reliance Industries (0.31%).
On the other hand, NTPC (0.74%), Tata Motors (0.65%), Tata Power
Company (0.54%), Hero Motocorp (0.54%), I T C (0.51%), and Bajaj
Auto (0.49%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.19% and 0.42% respectively. The major
gainers in the BSE Midcap were Amtek India (1.42%), Amara Raja
Batteries (0.76%), Aban Offshore (0.5%), CORE Education and
Technologies (0.21%) and Amtek Auto (0.19%).The major gainers in
the BSE Smallcap were Adhunik Metaliks (4.15%), Reliance MediaWorks
(1.19%), Advanta India (1.07%), Aarti Industries (0.83%) and A2Z
Maintenance & Engineering Services (0.56%).
Sectors in Limelight
The FMCG index was at 5,730.63, down by 19.21 points or by
0.33%. The major losers were I T C (0.51%), Hindustan Unilever
(0.31%), Jubilant FoodWorks (0.14%) and Tata Global Beverages
The Bankex index was at 13,061.60, down by 25.32 points or by
0.19%. The major losers were H D F C Bank (0.44%), Federal Bank
(0.32%), Canara Bank (0.28%), Bank Of India (0.28%) and Bank Of
The PSU index was at 7,405.32, down by 14.13 points or by 0.19%.
The major losers were Bharat Electronics (0.5%), Bharat Heavy
Electricals (0.47%), Bank Of India (0.28%), Bank Of Maharashtra
(0.2%) and Bank Of Baroda (0.14%).
On the other hand, the Oil & Gas index was at 8,568.45, up
by 25.05 points or by 0.29%. The major gainers were Bharat
Petroleum Corporation (0.7%), Petronet LNG (0.34%), Hindustan
Petroleum Corporation (0.32%), Gujarat State Petronet (0.25%) and
Cairn India (0.21%).
Market breadth was positive with 674 advances against 292
Value and Volume Toppers
Infosys topped the value chart on the BSE with a turnover of Rs.
85.18 million. It was followed by United Spirits (Rs. 73.83
million), United Breweries (Holdings) (Rs. 30.88 million) and State
Bank Of India (Rs. 21.07 million).
The volume chart was led by Kingfisher Airlines with trades of
over 0.63 million shares. It was followed by Tulip Telecom (0.42
million), TV18 Broadcast (0.38 million) and Network18 Media &
Investments (0.37 million).