Indian equities turned negative to trade flat amid volatility led by capital goods, realty and PSU stocks.
At 2.11 p.m., the Sensex was trading down 1.53 points or 0.01% at 18,623.81 with 13 components falling. Meanwhile, the Nifty was trading lower by 2.10 points or 0.04% at 5,662.20 with 25 components falling.
The 30-share benchmark index, BSE Sensex opened with a gain of 30.66 points or 0.16% at 18,656, while the broad based NSE Nifty began flat with a gain of 0.90 points or 0.02%, at 5,665.20.
Sensex Movers
Tata Motors contributed fall of 13.69 points in the Sensex. It was followed by ICICI Bank (13.32 points), Bharat Heavy Electricals (13.04 points), Hindustan Unilever (10.49 points) and Larsen & Toubro (7.06 points).
However, Reliance Industries contributed rise of 27.1 points in the Sensex. It was followed by ITC (8.94 points), Wipro (6.52 points), Hero Motocorp (5.34 points) and Mahindra & Mahindra (5.3 points).
Major gainers in the 30-share index were Wipro (2.57%), Hero Motocorp (2.56%), Tata Power Company (2.10%), Reliance Industries (1.58%), Mahindra & Mahindra (1.15%), and Cipla (1.01%).
On the other hand, Bharat Heavy Electricals (5.26%), Sterlite Industries (India) (2.48%), Tata Motors (2.28%), Hindustan Unilever (1.44%), ICICI Bank (0.94%), and Coal India (0.87%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.35% and -0.38% respectively.The major losers in the BSE Midcap were Allahabad Bank(1.74%), Alstom India (1.45%), ABG Shipyard (0.27%), CORE Education and Technologies (0.17%) and Aban Offshore (0.13%).The major losers in the BSE Smallcap were Action Construction Equipment (3.81%), Ahmednagar Forgings (1.46%), Ahluwalia Contracts (India) (1.29%), Reliance MediaWorks (0.69%) and Aegis Logistics (0.27%).
Sectors in Limelight
The Capital Goods index was at 11,185.96, down by 142.32 points or by 1.26%. The major losers were Bharat Heavy Electricals (5.26%), Bharat Electronics (1.8%), Alstom India (1.45%) andBEML (0.97%).
The IPO index was at 1,656.39, down by 8.95 points or by 0.54%. The major losers were Bedmutha Industries (5.26%), C.Mahendra Exports (3.86%), Claris Lifesciences (1.01%), BS TransComm (0.82%) and Acropetal Technologies (0.67%).
The Power index was at 1,976.63, down by 9.28 points or by 0.47%. The major losers were Bharat Heavy Electricals (5.26%), Crompton Greaves (1.23%), ABB (0.77%), NHPC (0.7%) and NTPC (0.15%).
On the other hand, the Consumer Durables index was at 7,077.30, up by 55.78 points or by 0.79%. The major gainers were Whirlpool Of India (1.39%), Blue Star (1.25%), Gitanjali Gems (1.24%), Titan Industries (1.04%) and Rajesh Exports (0.86%).
Market Breadth
Market breadth was negative with 1,233 advances against 1,489 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 1,663.90 million. It was followed by State Bank Of India (Rs. 780.16 million), United Breweries (Rs. 688.96 million) and Bharat Heavy Electricals (Rs. 302.37 million).
The volume chart was led by Kingfisher Airlines with trades of over 14.04 million shares. It was followed by Cals Refineries (12.33 million), Lanco Infratech (4.61 million) and Veer Energy and Infrastructure (3.40 million).
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