Indian markets continued to trade in a subdued manner led by consumer durables, teck and IT stocks. BSE Midcap and Smallcap index outperformed Sensex and Nifty.
At 11.52 a.m., the Sensex was trading down 61.94 points or 0.33% at 18,613.24 with 18 components falling. Meanwhile, the Nifty was trading lower by 18.35 points or 0.32% at 5,657.70 with 31 components falling.
India"s headline inflation, based on monthly WPI, rose 7.81% in September 2012 as compared to 7.55% for the previous month. It was inline with market expectations of 7.73%.
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.
Sensex Movers
ICICI Bank contributed fall of 12.3 points in the Sensex. It was followed by Infosys (10.76 points), Housing Development Finance Corporation (8.38 points), ITC (6.24 points) and Bharti Airtel (4.92 points).
However, Reliance Industries contributed rise of 6.69 points in the Sensex. It was followed by Hindalco Industries (2.42 points), Oil & Natural Gas Corporation (1.85 points), Hindustan Unilever (1.58 points) and Sun Pharmaceutical Industries (1.45 points).
Major gainers in the 30-share index were Hindalco Industries (1.32%), Cipla (1.06%), Dr Reddy"s Laboratories (0.68%), Sun Pharmaceutical Industries (0.45%), Bajaj Auto (0.45%), and Reliance Industries (0.38%).
On the other hand, Maruti Suzuki India (1.90%), GAIL (India) (1.28%), Sterlite Industries (India) (1.22%), Bharti Airtel (1.13%), Coal India (1.09%), and ICICI Bank (0.86%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6673.48 down by 3.37 points or by 0.05%. The major losers were CORE Education and Technologies (0.62%), ABG Shipyard (0.47%), Alok Industries (0.32%), Alstom India (0.32%) and Amtek India (0.05%).
Sectors in Limelight
The Consumer Durables index was at 7,133.38, down by 61.65 points or by 0.86%. The major losers were TTK Prestige (2.53%), Titan Industries (1.24%), Rajesh Exports (0.7%), Gitanjali Gems (0.63%) and Blue Star (0.47%).
The Bankex index was at 13,001.70, down by 85.22 points or by 0.65%. The major losers were Federal Bank (1.78%), H D F C Bank (0.27%), Canara Bank (0.22%), Bank Of Baroda (0.17%) and Bank Of India (0.03%).
The TECk index was at 3,296.12, down by 18.16 points or by 0.55%. The major losers were Deccan Chronicle Holdings (4.9%), Dish TV India (2.46%), Bharti Airtel (1.13%), DB Corp (0.55%) and Oracle Financial Services Software (0.42%).
On the other hand, the HC index was at 7,613.46, up by 43.33 points or by 0.57%. The major gainers were Divis Laboratories (1.59%), Cipla (1.06%), Cadila Healthcare (0.89%), Dr Reddy"S Laboratories (0.68%) and Glaxo SmithKline Pharmaceuticals (0.34%).
Market Breadth
Market breadth was negative with 1,285 advances against 1,161 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 427.12 million. It was followed by Infosys (Rs. 290.13 million), State Bank Of India (Rs. 222.44 million) and TT K Prestige (Rs. 173.83 million).
The volume chart was led by Kingfisher Airlines with trades of over 5.07 million shares. It was followed by Unitech (3.76 million), Cals Refineries (2.16 million) and TV18 Broadcast (2.00 million).
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