Indian markets continue to trade in a sluggish manner led by losses seen in oil & gas, metal and power stocks. However, consumer durables stocks gained the most.
At 11.52 a.m., the Sensex was trading down 76.65 points or 0.41% at 18,715.28 with 23 components falling. Meanwhile, the Nifty was trading lower by 24.20 points or 0.42% at 5,694.50 with 37 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 13.47 points in the Sensex. It was followed by HDFC Bank (9.51 points), Housing Development Finance Corporation (9.35 points), Hindustan Unilever (9.03 points) and Tata Consultancy Services (5.9 points).
However, Infosys contributed rise of 5.37 points in the Sensex. It was followed by ITC (3.78 points), Wipro (1.65 points), Tata Motors (1.45 points) and DLF (1.32 points).
Major gainers in the 30-share index were Bajaj Auto (0.99%), Dr Reddy's Laboratories (0.84%), Wipro (0.65%), Infosys (0.39%), Tata Motors (0.24%), and ITC (0.21%).
On the other hand, GAIL (India) (1.61%), Sun Pharmaceutical Industries (1.46%), Jindal Steel & Power (1.29%), Hindustan Unilever (1.23%), Hindalco Industries (1.23%), and Bharti Airtel (1.02%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.20% and 0.40% respectively. The major gainers in the BSE Midcap were ABG Shipyard (3.64%), Allcargo Logistics (2.24%), AIA Engineering (1.79%), Alstom India (1.07%) and Allahabad Bank (0.38%).The major gainers in the BSE Smallcap were Styrolution ABS (India) (0.89%), Aanjaneya Lifecare (0.77%), Adhunik Metaliks (0.76%), Trident (0.34%) and Reliance MediaWorks (0.19%).
Sectors in Limelight
The Oil & Gas index was at 8,442.20, down by 60.47 points or by 0.71%. The major losers were GAIL (India) (1.61%), Bharat Petroleum Corporation (1.28%), Cairn India (0.65%), Hindustan Petroleum Corporation (0.38%) and Gujarat State Petronet (0.25%).
The Metal index was at 10,445.89, down by 44.07 points or by 0.42%. The major losers were Jindal Steel & Power (1.29%), Hindalco Industries (1.23%), Coal India (0.99%), Sesa Goa (0.67%) and Bhushan Steel (0.45%).
The Power index was at 2,039.41, down by 8.27 points or by 0.4%. The major losers were Adani Power (0.7%), JSW Energy (0.55%), Bharat Heavy Electricals (0.45%), Reliance Infrastructure (0.24%) and G M R Infrastructure (0.22%).
On the other hand, the Consumer Durables index was at 7,394.70, up by 92.59 points or by 1.27%. The major gainers were Gitanjali Gems (5.06%), Rajesh Exports (3.4%), Blue Star (2.24%), Whirlpool Of India (1.05%) and C.Mahendra Exports (0.98%).
Market Breadth
Market breadth was positive with 1,353 advances against 1,155 declines.
Value and Volume Toppers
LIC Housing Finance topped the value chart on the BSE with a turnover of Rs. 432.29 million. It was followed by Hatsun Agro Product (Rs. 335.59 million), State Bank Of India (Rs. 297.61 million) and Tribhovandas Bhimji Zaveri (Rs. 216.39 million).
The volume chart was led by Subex with trades of over 3.50 million shares. It was followed by Hatsun Agro Product (3.48 million), Firstsource Solutions (1.93 million) and Indiabulls Securities (1.87 million).
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