Indian equities continued to trade in a lackluster manner due to profit booking seen in consumer durables, FMCG, IT and oil & gas stocks.
At 11.52 a.m., the Sensex was trading down 31.78 points or 0.17% at 18,761.66 with 19 components falling. Meanwhile, the Nifty was trading lower by 12.45 points or 0.22% at 5,704.70 with 33 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 10.18 points or 0.05% at 18,803.62, while the broad based NSE Nifty started with a fall of 1.50 points or 0.03%, at 5,715.65.
Sensex Movers
ITC contributed fall of 20.99 points in the Sensex. It was followed by Infosys (15.12 points), Reliance Industries (14.92 points), HDFC Bank (11.79 points) and Hero Motocorp (3.97 points).
However, Larsen & Toubro contributed rise of 21.53 points in the Sensex. It was followed by ICICI Bank (15.21 points), State Bank Of India (3.99 points), Bharti Airtel (2.26 points) and Housing Development Finance Corporation (2.06 points).
Biggest gainers in the 30-share index were Larsen & Toubro (2.00%), ICICI Bank (1.07%), Cipla (0.78%), Coal India (0.63%), State Bank Of India (0.56%), and Bharti Airtel (0.55%).
On the other hand, Hero Motocorp (1.89%), ITC (1.14%), Infosys (1.09%), Tata Power Company (0.94%), Jindal Steel & Power (0.91%), and Reliance Industries (0.87%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.15% and 0.25% respectively. The major gainers in the BSE Midcap were AIA Engineering (3.59%), Allcargo Logistics (3.49%), ABG Shipyard (1.31%), Aban Offshore (1.09%) and Allahabad Bank (0.32%).The major gainers in the BSE Smallcap were Action Construction Equipment (1.65%), A2Z Maintenance & Engineering Services (1.1%), Genesys International Corporation (0.97%), Styrolution ABS (India) (0.97%) and Aanjaneya Lifecare (0.12%).
Sectors in Limelight
The Consumer Durables index was at 7,217.19, down by 82.64 points or by 1.13%. The major losers were C.Mahendra Exports (3.23%), Blue Star (2.47%), Rajesh Exports (0.84%), Whirlpool Of India (0.34%) and Bajaj Electricals (0.33%).
The FMCG index was at 5,831.51, down by 40.46 points or by 0.69%. The major losers were Jubilant FoodWorks (1.43%), United Spirits (1.34%), I T C (1.14%), Colgate-Palmolive (India) (0.98%) and United Breweries (0.13%).
The IT index was at 5,713.81, down by 34.21 points or by 0.6%. The major losers were Infosys (1.09%), HCL Technologies (0.82%), Oracle Financial Services Software (0.69%), CORE Education and Technologies (0.52%) and Mphasis (0.01%).
On the other hand, the Capital Goods index was at 11,354.58, up by 142.10 points or by 1.27%. The major gainers were AIA Engineering (3.59%), BEML (0.66%), Havell'S India (0.32%), ABB (0.18%) and Alstom T&D India (0.17%).
Market Breadth
Market breadth was negative with 1,264 advances against 1,144 declines.
Value and Volume Toppers
Larsen & Toubro topped the value chart on the BSE with a turnover of Rs. 366.52 million. It was followed by State Bank Of India (Rs. 245.66 million), United Spirits (Rs. 241.99 million) and Yes Bank (Rs. 191.25 million).
The volume chart was led by Firstsource Solutions with trades of over 3.74 million shares. It was followed by Visagar Financial Services (2.19 million), Subex (2.01 million) and L&T Finance Holdings (1.86 million).
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