Indian markets still trading on a flat note with positive bias led by FMCG andoil & gas stocks. However, selling was being witnessed in consumer durables and IT stocks.
At 1.53 p.m., the Sensex was trading up 9.63 points or 0.05% at 18,684.81 with 17 components gaining. Meanwhile, the Nifty was trading higher by 1.90 points or 0.03% at 5,677.95 with 28 components gaining.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
Reliance Industries contributed rise of 17.56 points in the Sensex. It was followed by ITC (14.61 points), Hindalco Industries (3.3 points), State Bank Of India (2.6 points) and HDFC Bank (2.53 points).
However, Infosys contributed fall of 15.18 points in the Sensex. It was followed by Larsen & Toubro (8.34 points), Maruti Suzuki India (4.51 points), Tata Consultancy Services (3.88 points) and Housing Development Finance Corporation (3.59 points).
Major gainers in the 30-share index were Hindalco Industries (1.78%), Cipla (1.26%), Tata Power Company (1.08%), Reliance Industries (0.99%), Jindal Steel & Power (0.90%), and ITC (0.87%).
On the other hand, Maruti Suzuki India (2.03%), Infosys (1.02%), Sterlite Industries (India) (0.97%), Larsen & Toubro (0.81%), Coal India (0.78%), and Tata Motors (0.46%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.13% and 0.56% respectively. The major gainers in the BSE Midcap were Allcargo Logistics (3.35%), Amara Raja Batteries (1.4%), AIA Engineering (1.03%), Alstom India (0.55%) and Aban Offshore (0.5%).The major gainers in the BSE Smallcap were Adhunik Metaliks (8%), ABG Infralogistics (4.89%), Action Construction Equipment (1.78%), Styrolution ABS (India) (1.51%) and Aarti Industries (1.07%).
Sectors in Limelight
The Oil & Gas index was at 8,588.10, up by 44.70 points or by 0.52%. The major gainers were Gujarat State Petronet (1.38%), Reliance Industries (0.99%), Cairn India (0.87%), Petronet LNG (0.64%) and Oil & Natural Gas Corporation (0.29%).
The HC index was at 7,604.00, up by 33.87 points or by 0.45%. The major gainers were Cipla (1.26%), Cadila Healthcare (1.23%), Dr Reddy"S Laboratories (0.75%), Divis Laboratories (0.45%) and Glaxo SmithKline Pharmaceuticals (0.34%).
The IT index was at 5,698.35, down by 30.42 points or by 0.53%. The major losers were Tech Mahindra (1.77%), Infosys (1.02%), Oracle Financial Services Software (0.93%), CORE Education and Technologies (0.42%) and Mphasis (0.12%).The Consumer Durables index was at 7,157.45, down by 37.58 points or by 0.52%. The major losers were T T K Prestige (4.53%), Titan Industries (1%), Rajesh Exports (0.53%), V I P Industries (0.38%) and Blue Star (0.21%).
Market Breadth
Market breadth was positive with 1,445 advances against 1,264 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 875.19 million. It was followed by State Bank Of India (Rs. 565.39 million), Infosys (Rs. 440.71 million) and TTK Prestige (Rs. 264.11 million).
The volume chart was led by Kingfisher Airlines with trades of over 6.15 million shares. It was followed by Unitech (5.33 million), Cals Refineries (3.71 million) and TV18 Broadcast (2.66 million).
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