Indian markets dropped on Friday amid weak European markets. Power, metaland capital goods stocks led the fall.European and Asian technology shares fell after worse-than-expected earnings for Microsoft Corp. and Google Inc.
At the close, the benchmark 30-share index, BSE Sensex lost 109.62 or 0.58% at 18,682.31 with 24 components posting drop. Meanwhile, the broad based NSE Nifty went down by 34.45 or 0.60% at 5,684.25 with 42 components registering drop.
Sensex Movers
Reliance Industries contributed fall of
16.41 points in the Sensex. It was followed by H D F C Bank (16.12
points), Housing Development Finance Corporation (15.67 points),
Larsen & Toubro (12.68 points) and I C I C I Bank (12.2
points).
However, I T C contributed rise of 38.37 points in the Sensex. It was followed by Infosys (4.35 points), Bharti Airtel (1.38 points), Hero Motocorp (1.13 points) and D L F (0.42 points).
Major gainers in the 30-share index were I T C (2.09%), Hero Motocorp (0.54%), Dr Reddy"S Laboratories (0.43%), Bharti Airtel (0.34%), Infosys (0.32%), and Oil & Natural Gas Corporation (0.05%).
On the other hand, Hindalco Industries (2.54%), Jindal Steel & Power (2.53%), G A I L (India) (2.31%), Bharat Heavy Electricals (2.02%), Tata Power Company (1.82%), and Hindustan Unilever (1.58%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining 0.52% and 0.34% respectively.The major losers in the BSE Midcap were Anant Raj Industries (3.28%), Aban Offshore (1.28%), CORE Education and Technologies (1.04%), Amtek India (0.45%) and Allahabad Bank (0.35%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (3.55%), Styrolution ABS (India) (1.3%), Adhunik Metaliks (0.61%), Action Construction Equipment (0.6%) and Aanjaneya Lifecare (0.44%).
Sectors in Limelight
The Power index was at 2,018.26, down by 29.42 points or by 1.44%. The major losers were Adani Power (2.39%), Bharat Heavy Electricals (2.02%), Crompton Greaves (1.7%), Reliance Infrastructure (1.5%) and A B B (0.24%).
The Metal index was at 10,351.40, down by 138.56 points or by 1.32%. The major losers were Hindalco Industries (2.54%), Jindal Steel & Power (2.53%), Coal India (1.57%), Bhushan Steel (0.51%) and Hindustan Zinc (0.41%).
The Capital Goods index was at 11,068.92, down by 122.27 points or by 1.09%. The major losers were Bharat Heavy Electricals (2.02%), Crompton Greaves (1.7%), BEML (1.15%), Bharat Electronics (0.72%) and A B B (0.24%).
On the other hand, the FMCG index was at 5,901.97, up by 49.19 points or by 0.84%. The major gainers were I T C (2.09%), Nestle India (1.36%), United Spirits (0.46%), Colgate-Palmolive (India) (0.42%) and United Breweries (0.22%).
Market Breadth
Market breadth was negative with 1,302 advances against 1,608 declines.
Value and Volume Toppers
L I C Housing Finance topped the value chart on the BSE with a turnover of Rs. 566.32 million. It was followed by United Spirits (Rs. 473.87 million), Reliance Industries (Rs. 447.07 million) and Reliance Capital (Rs. 381.73 million).
The volume chart was led by Subex with trades of over 5.73 million shares. It was followed by TV18 Broadcast (5.16 million), Spicejet (2.93 million) and Housing Development and Infrastructure (2.85 million).
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