Indian markets dropped on Friday erasing earlier gains. At 10.12 a.m., the Sensex was trading down 78.55 points or 0.42% at 18,680.08 with 21 components falling. Meanwhile, the Nifty was trading lower by 22.55 points or 0.40% at 5,682.75 with 36 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
I T C contributed fall of 27 points in
the Sensex. It was followed by Reliance Industries (19.17 points),
Housing Development Finance Corporation (12.15 points), H D F C
Bank (10.57 points) and Sun Pharmaceutical Industries (4.08
points).
However, I C I C I Bank contributed rise of 9.35 points in the Sensex. It was followed by Mahindra & Mahindra (7.02 points), Tata Motors (1.96 points), Hindustan Unilever (1.81 points) and Sterlite Industries (India) (0.82 points).
Major gainers in the 30-share index were Mahindra & Mahindra (1.52%), I C I C I Bank (0.66%), Sterlite Industries (India) (0.45%), Tata Motors (0.33%), Bajaj Auto (0.27%), and Hindustan Unilever (0.25%).
On the other hand, I T C (1.47%), Dr Reddy'S Laboratories (1.24%), Sun Pharmaceutical Industries (1.17%), Reliance Industries (1.12%), Jindal Steel & Power (1.02%), and Housing Development Finance Corporation (0.91%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.13% and 0.02% respectively. The major gainers in the BSE Midcap were Amtek Auto (2.01%), Amara Raja Batteries (1.11%), Amtek India (0.71%), Alstom India (0.43%) and CORE Education and Technologies (0.13%).The major gainers in the BSE Smallcap were Reliance MediaWorks (1.35%), Aarti Industries (1.08%), Aanjaneya Lifecare (0.62%), Adhunik Metaliks (0.32%) and Genesys International Corporation (0.14%).
Sectors in Limelight
The HC index was at 7,514.28, down by 55.27 points or by 0.73%. The major losers were Aurobindo Pharma (1.01%), Cadila Healthcare (0.88%), Biocon (0.88%), Cipla (0.75%) and Divis Laboratories (0.06%).
The FMCG index was at 5,787.51, down by 40.18 points or by 0.69%. The major losers were I T C (1.47%), Godrej Consumer Products (0.9%), Nestle India (0.44%) and United Spirits (0.07%).
The Oil & Gas index was at 8,414.70, down by 55.68 points or by 0.66%. The major losers were Reliance Industries (1.12%), Oil & Natural Gas Corporation (0.34%), G A I L (India) (0.33%), Indian Oil Corporation (0.21%) and Bharat Petroleum Corporation (0.11%).
On the other hand, the Realty index was at 1,825.09, up by 8.36 points or by 0.46%. The major gainers were Prestige Estates Projects (2.87%), Indiabulls Real Estate (2.38%), Phoenix Mills (1.04%), Parsvnath Developers (0.77%) and Housing Development and Infrastructure (0.2%).
Market Breadth
Market breadth was negative with 898 advances against 906 declines.
Value and Volume Toppers
C E S C topped the value chart on the BSE with a turnover of Rs. 209.61 million. It was followed by State Bank Of India (Rs. 184.19 million), IRB Infrastructure Developers (Rs. 150.44 million) and TV18 Broadcast (Rs. 141.45 million).
The volume chart was led by TV18 Broadcast with trades of over 5.33 million shares. It was followed by Cals Refineries (2.56 million), Firstsource Solutions (2.35 million) and Indiabulls Infrastructure and Power (2.21 million).
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