Indian equities dropped on Friday erasing earlier gains. At 10.04 a.m., the Sensex was trading down 62.33 points or 0.33% at 18,729.60 with 23 components falling. Meanwhile, the Nifty was trading lower by 20.50 points or 0.36% at 5,698.20 with 36 components falling.
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.
Sensex Movers
Reliance Industries contributed fall of
11.99 points in the Sensex. It was followed by H D F C Bank (8.41
points), Larsen & Toubro (6.09 points), Hindustan Unilever
(5.72 points) and Mahindra & Mahindra (4.89 points).
However, Tata Motors contributed rise of 4.48 points in the Sensex. It was followed by I C I C I Bank (3.01 points), Wipro (1.77 points), D L F (1.06 points) and Infosys (0.7 points).
Biggest gainers in the 30-share index were Dr Reddy'S Laboratories (1.19%), Tata Motors (0.74%), Wipro (0.69%), Bajaj Auto (0.64%), I C I C I Bank (0.21%), and Infosys (0.05%).
On the other hand, Tata Power Company (1.26%), Sun Pharmaceutical Industries (1.21%), Jindal Steel & Power (1.19%), Bharti Airtel (1.11%), Mahindra & Mahindra (1.05%), and Hindustan Unilever (0.78%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.25% and 0.44% respectively. The major gainers in the BSE Midcap were Amara Raja Batteries (3.5%), Alstom India (1.18%), A B G Shipyard (1.11%), Allahabad Bank (0.8%) and Allcargo Logistics (0.76%).The major gainers in the BSE Smallcap were Styrolution ABS (India) (0.89%), Reliance MediaWorks (0.77%), Genesys International Corporation (0.76%), Adhunik Metaliks (0.45%) and Aegis Logistics (0.3%).
Sectors in Limelight
The Oil & Gas index was at 8,466.24, down by 36.43 points or by 0.43%. The major losers were Bharat Petroleum Corporation (0.45%), G A I L (India) (0.37%), Oil & Natural Gas Corporation (0.27%), Indian Oil Corporation (0.23%) and Hindustan Petroleum Corporation (0.13%).
The Metal index was at 10,447.87, down by 42.09 points or by 0.4%. The major losers were Jindal Steel & Power (1.19%), Sesa Goa (0.47%), Coal India (0.35%), Hindalco Industries (0.34%) and Bhushan Steel (0.17%).
The Capital Goods index was at 11,153.58, down by 37.61 points or by 0.34%. The major losers were Larsen & Toubro (0.57%), Crompton Greaves (0.42%), Bharat Heavy Electricals (0.36%), Havell'S India (0.31%) and Alstom T&D India (0.02%).
On the other hand, the Consumer Durables index was at 7,354.33, up by 52.22 points or by 0.72%. The major gainers were C.Mahendra Exports (4.46%), Blue Star (3.31%), Gitanjali Gems (2.32%), Whirlpool Of India (1.27%) and Rajesh Exports (1.11%).
Market Breadth
Market breadth was positive with 1,069 advances against 753 declines.
Value and Volume Toppers
L I C Housing Finance topped the value chart on the BSE with a turnover of Rs. 388.10 million. It was followed by Hatsun Agro Product (Rs. 331.75 million), State Bank Of India (Rs. 128.84 million) and United Spirits (Rs. 108.70 million).
The volume chart was led by Hatsun Agro Product with trades of over 3.46 million shares. It was followed by L I C Housing Finance (1.53 million), Cals Refineries (1.47 million) and Gujarat N R E Coke (1.19 million).
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