Indian markets dropped in early trade on Friday erasing earlier gains. At 9.18 a.m., the Sensex was trading down 50.41 points or 0.27% at 18,708.22 with 20 components falling. Meanwhile, the Nifty was trading lower by 21.75 points or 0.38% at 5,683.55 with 38 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 43.28 points or 0.23% at 18,715.35, while the broad based NSE Nifty started with a fall of 21.75 points or 0.38%, at 5,683.55.
Sensex Movers
Housing Development Finance Corporation
contributed fall of 10.59 points in the Sensex. It was followed by
H D F C Bank (10.25 points), Reliance Industries (9.55 points), I T
C (7.86 points) and State Bank Of India (3.72 points).
However, I C I C I Bank contributed rise of 6.28 points in the Sensex. It was followed by Mahindra & Mahindra (5.11 points), Hindustan Unilever (3.89 points), NTPC (1.25 points) and ACC (1.11 points).
Biggest gainers in the 30-share index were Mahindra & Mahindra (1.10%), Hindustan Unilever (0.53%), I C I C I Bank (0.44%), NTPC (0.38%), Bajaj Auto (0.19%), and Maruti Suzuki India (0.14%).
On the other hand, Hero Motocorp (1.19%), Jindal Steel & Power (1.06%), Housing Development Finance Corporation (0.79%), Sun Pharmaceutical Industries (0.74%), H D F C Bank (0.73%), and Reliance Industries (0.56%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.11% and 0.13% respectively. The major gainers in the BSE Midcap were Amtek India (1.32%), Alstom India (1.22%), Apollo Hospitals Enterprise (0.87%), Amtek Auto (0.45%) and CORE Education and Technologies (0.14%).The major gainers in the BSE Smallcap were Aarti Industries (2.86%), Genesys International Corporation (1.36%), Trident (1.22%), Reliance MediaWorks (0.54%) and Ahmednagar Forgings (0.22%).
Sectors in Limelight
The Oil & Gas index was at 8,436.90, down by 33.48 points or by 0.4%. The major losers were Bharat Petroleum Corporation (0.4%), Oil & Natural Gas Corporation (0.31%), Hindustan Petroleum Corporation (0.26%), Indian Oil Corporation (0.08%) and Gujarat State Petronet (0.07%).
The TECk index was at 3,299.38, down by 9.73 points or by 0.29%. The major losers were G T L Infrastructure (1.82%), Dish TV India (0.54%), G T L (0.5%), Bharti Airtel (0.32%) and H C L Technologies (0.3%).
The Bankex index was at 13,302.03, down by 38.11 points or by 0.29%. The major losers were Bank Of Baroda(0.78%), Bank Of India (0.75%), H D F C Bank (0.73%), Federal Bank (0.69%) and Canara Bank (0.28%).
On the other hand, the Consumer Durables index was at 7,247.37, up by 20.76 points or by 0.29%. The major gainers were Rajesh Exports (3.13%), Whirlpool Of India (1.85%), T T K Prestige (0.57%), Gitanjali Gems (0.48%) and Titan Industries (0.16%).
Market Breadth
Market breadth was positive with 394 advances against 305 declines.
Value and Volume Toppers
C E S C topped the value chart on the BSE with a turnover of Rs. 25.97 million. It was followed by TV18 Broadcast (Rs. 23.32 million), State Bank Of India (Rs. 22.92 million) and I C I C I Bank (Rs. 22.39 million).
The volume chart was led by TV18 Broadcast with trades of over 0.86 million shares. It was followed by Firstsource Solutions (0.62 million), Veer Energy and Infrastructure (0.35 million) and Indiabulls Infrastructure and Power (0.28 million).
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