Indian marketscontinue to trade lower in the noonon Friday due to profit booking seen in index heavyweights - ITC, RIL and HDFC. Consumer durables,oil & gasand FMCG stocks led the decline.
At 12.15 p.m., the Sensex was trading down 122.16 points or 0.65% at 18,636.47 with 22 components falling. Meanwhile, the Nifty was trading lower by 35.95 points or 0.63% at 5,669.35 with 39 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 35.71 points in the Sensex. It was followed by Reliance Industries (28.11 points), Housing Development Finance Corporation (20.06 points), HDFC Bank (10.33 points) and Larsen & Toubro (9.8 points).
However, Mahindra & Mahindra contributed rise of 8.57 points in the Sensex. It was followed by Tata Motors (5.41 points), ICICI Bank (5.02 points), Hindustan Unilever (2.46 points) and Tata Steel (1.26 points).
Biggest gainers in the 30-share index were Mahindra & Mahindra (1.85%), Tata Motors (0.90%), Hero Motocorp (0.56%), Sterlite Industries (India) (0.50%), Tata Steel (0.38%), and ICICI Bank (0.35%).
On the other hand, ITC (1.95%), Dr Reddy's Laboratories (1.91%), Reliance Industries (1.64%), Housing Development Finance Corporation (1.50%), Bharti Airtel (1.32%), and Cipla (1.22%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.17% and -0.35% respectively.The major losers in the BSE Midcap were Allahabad Bank(1.82%), Aban Offshore (1.46%), CORE Education and Technologies (0.97%), ABG Shipyard (0.2%) and AIA Engineering (0.18%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (1.93%), Trident (1.78%), Action Construction Equipment (1.12%), Adhunik Metaliks (0.97%) and Aarti Industries (0.11%).
Sectors in Limelight
The Consumer Durables index was at 7,105.09, down by 121.52 points or by 1.68%. The major losers were Bajaj Electricals (6.73%), Titan Industries (2.88%), C.Mahendra Exports (2.63%), Blue Star (1.63%) and Whirlpool Of India (1.18%).
The FMCG index was at 5,763.92, down by 63.77 points or by 1.09%. The major losers were Godrej Consumer Products (2.18%), ITC (1.95%), United Spirits (1.9%) and Nestle India (0.58%).
The HC index was at 7,494.87, down by 74.68 points or by 0.99%. The major losers were Dr Reddy'S Laboratories (1.91%), Aurobindo Pharma (1.72%), Cipla (1.22%), Biocon (1.03%) and Cadila Healthcare (0.99%).
On the other hand, the Auto index was at 10,277.37, up by 70.12 points or by 0.69%. The major gainers were Mahindra & Mahindra (1.85%), Exide Industries (0.93%), Tata Motors (0.9%), Hero Motocorp (0.56%) and Bajaj Auto (0.07%).
Market Breadth
Market breadth was negative with 944 advances against 1,492 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 392.60 million. It was followed by CESC (Rs. 383.14 million), State Bank Of India (Rs. 337.10 million) and IRB Infrastructure Developers (Rs. 230.42 million).
The volume chart was led by TV18 Broadcast with trades of over 8.25 million shares. It was followed by Cals Refineries (4.26 million), Firstsource Solutions (3.84 million) and Lanco Infratech (2.46 million).
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