Indian markets dropped furtherin early trade on Friday. At 10.50 a.m, the Sensex was trading down 112.84 points or 0.60% at 18,645.79 with 25 components falling. Meanwhile, the Nifty was trading lower by 33 points or 0.58% at 5,672.30 with 41 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
ITC contributed fall of 29.15 points in
the Sensex. It was followed by Reliance Industries (28.76 points),
Housing Development Finance Corporation (19.28 points), H D F C
Bank (12.2 points) and Larsen & Toubro (6.52 points).
However, I C I C I Bank contributed rise of 9.52 points in the Sensex. It was followed by Mahindra & Mahindra (6.98 points), Sterlite Industries (India) (0.91 points), Tata Motors (0.81 points) and ACC (0.46 points).
Major gainers in the 30-share index were Mahindra & Mahindra (1.51%), I C I C I Bank (0.67%), Sterlite Industries (India) (0.50%), Bajaj Auto (0.18%), and Tata Motors (0.13%).
On the other hand, Reliance Industries (1.68%), ITC (1.59%), Dr Reddy'S Laboratories (1.53%), Housing Development Finance Corporation (1.44%), Sun Pharmaceutical Industries (1.34%), and Wipro (0.94%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining -0.17% and -0.25% respectively.The major losers in the BSE Midcap were Allahabad Bank(1.29%), Aban Offshore (1.2%), CORE Education and Technologies (0.98%), Amara Raja Batteries (0.16%) and A B G Shipyard (0.16%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (2.01%), Styrolution ABS (India) (1.27%), Action Construction Equipment (1.12%), Advanta India (0.54%) and Adhunik Metaliks (0.49%).
Sectors in Limelight
The Consumer Durables index was at 7,148.03, down by 78.58 points or by 1.09%. The major losers were Bajaj Electricals (7.78%), Blue Star (1.63%), C.Mahendra Exports (1.62%), Whirlpool Of India (0.39%) and Gitanjali Gems (0.26%).
The Oil & Gas index was at 8,387.32, down by 83.06 points or by 0.98%. The major losers were Reliance Industries (1.68%), Bharat Petroleum Corporation (0.54%), Oil & Natural Gas Corporation (0.49%), Oil India (0.44%) and G A I L (India) (0.24%).
The HC index was at 7,501.98, down by 67.57 points or by 0.89%. The major losers were Aurobindo Pharma (2.79%), Dr Reddy'S Laboratories (1.53%), Biocon (1.15%), Cadila Healthcare (0.88%) and Cipla (0.59%).
On the other hand, the Auto index was at 10,244.45, up by 37.20 points or by 0.36%. The major gainers were Exide Industries (1.61%), Mahindra & Mahindra (1.51%), Bosch (0.27%), Bajaj Auto (0.18%) and Cummins India (0.05%).
Market Breadth
Market breadth was negative with 874 advances against 1,228 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 246.17 million. It was followed by C E S C (Rs. 234.55 million), IRB Infrastructure Developers (Rs. 189.16 million) and TV18 Broadcast (Rs. 173.08 million).
The volume chart was led by TV18 Broadcast with trades of over 6.66 million shares. It was followed by Firstsource Solutions (3.25 million), Indiabulls Infrastructure and Power (2.66 million) and Visagar Financial Services (1.84 million).
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