Indian equities dropped in early trade on Friday erasing earlier
gains. At 09.17 a.m., the Sensex was trading down 44.15 points or
0.23% at 18,747.78 with 22 components falling. Meanwhile, the Nifty
was trading lower by 15.40 points or 0.27% at 5,703.30 with 39
The 30-share benchmark index, BSE Sensex opened with a decline
of 23.93 points or 0.13% at 18,768, while the broad based NSE Nifty
started with a fall of 15.40 points or 0.27%, at 5,703.30.
Reliance Industries contributed fall of
7.22 points in the Sensex. It was followed by Housing Development
Finance Corporation (7.15 points), H D F C Bank (6.76 points), Tata
Consultancy Services (4.97 points) and Bharti Airtel (4.92
However, Infosys contributed rise of 4.3 points in the Sensex.
It was followed by Wipro (1.36 points), I C I C I Bank (1.34
points), I T C (0.63 points) and ACC (0.51 points).
Major gainers in the 30-share index were Dr Reddy'S Laboratories
(0.57%), Wipro (0.53%), Infosys (0.31%), Bajaj Auto (0.25%), Cipla
(0.15%), and Bharat Heavy Electricals (0.10%).
On the other hand, Bharti Airtel (1.20%), Hindustan Unilever
(0.57%), State Bank Of India (0.56%), Tata Consultancy Services
(0.55%), Tata Steel (0.53%), and Housing Development Finance
Corporation (0.53%) were the major losers in the Sensex.
Market breadth was positive with 410 advances against 290
Value and Volume Toppers
Hatsun Agro Product topped the value chart on the BSE with a
turnover of Rs. 308.58 million. It was followed by L I C Housing
Finance (Rs. 289.43 million), United Spirits (Rs. 19.47 million)
and State Bank Of India (Rs. 17.91 million).
The volume chart was led by Hatsun Agro Product with trades of
over 3.43 million shares. It was followed by L I C Housing Finance
(1.15 million), ISMT (0.21 million) and Kingfisher Airlines (0.21