Indianmarkets turned negativeled by oil & gas,IT and metal stocks. However realty gained the most followed by auto and power stocks.
At 10.49 a.m., the Sensex was trading down 31.90 points or 0.17% at 18,578.87 with 14 components falling. Meanwhile, the Nifty was trading lower by 4.90 points or 0.09% at 5,655.35 with 24 components falling.
Asian stocks rose as Premier Wen Jiabao said China's economy was relatively good ahead of today's report on gross domestic product
The 30-share benchmark index, BSE Sensex opened with a gain of 42.83 points or 0.23% at 18,653.60, while the broad based NSE Nifty started with a rise of 15.05 points or 0.27%, at 5,675.30.
Sensex Movers
Reliance Industries contributed fall of 16.75 points in the Sensex. It was followed by Bharti Airtel (9.22 points), Infosys (4.66 points), Grasim Industries (3.86 points) and Housing Development Finance Corporation (3.72 points).
However, Tata Power Company contributed rise of 4.98 points in the Sensex. It was followed by ICICI Bank (4.1 points), Tata Motors (3.85 points), HDFC Bank (1.78 points) and DLF (1.58 points).
Major gainers in the 30-share index were Tata Power Company (2.51%), Tata Motors (0.64%), Dr Reddy's Laboratories (0.57%), Hindalco Industries (0.39%), Bajaj Auto (0.35%), and Hero Motocorp (0.34%).
On the other hand, Bharti Airtel (2.28%), Jindal Steel & Power (1.49%), Wipro (1.36%), Reliance Industries (0.98%), Sun Pharmaceutical Industries (0.98%), and Bharat Heavy Electricals (0.63%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.39% and 0.17% respectively. The major gainers in the BSE Midcap were Allcargo Logistics (2.29%), Amara Raja Batteries (1.12%), Aban Offshore (0.79%), Alstom India (0.54%) and Allahabad Bank (0.47%).The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (1.91%), Action Construction Equipment (1%), Styrolution ABS (India) (0.53%), Trident (0.23%) and Adhunik Metaliks (0.15%).
Sectors in Limelight
The Realty index was at 1,833.44, up by 22.65 points or by 1.25%. The major gainers were Anant Raj Industries (4.41%), DLF (1.47%), DB Realty (1.02%), Indiabulls Real Estate (0.75%) and Godrej Properties (0.54%).
The IPO index was at 1,667.11, up by 11.55 points or by 0.70%. The major gainers were C.Mahendra Exports (11.85%), A2Z Maintenance & Engineering Services (1.91%), BS TransComm (0.97%), Acropetal Technologies (0.96%) and Bedmutha Industries (0.55%).
The Auto index was at 10,244.80, up by 45 points or by 0.44%. The major gainers were Exide Industries (1.07%), Bajaj Auto (0.35%), Hero Motocorp (0.34%), Ashok Leyland (0.21%) and Bharat Forge (0.13%).
On the other hand, the Oil & Gas index was at 8,433.70, down by 45.01 points or by 0.53%. The major losers were Gujarat State Petronet (1.35%), Reliance Industries (0.98%), Hindustan Petroleum Corporation (0.27%), Bharat Petroleum Corporation (0.19%) and Indian Oil Corporation (0.08%).
Market Breadth
Market breadth was positive with 1,183 advances against 941 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 197.79 million. It was followed by United Spirits (Rs. 168.94 million), DLF (Rs. 150.19 million) and Reliance Industries (Rs. 122.29 million).
The volume chart was led by TV18 Broadcast with trades of over 4.15 million shares. It was followed by Lanco Infratech (2.59 million), Cals Refineries (1.71 million) and Eveready Industries (India) (1.58 million).
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