Indian equities continue to trade on a flat note due to directionless market. Healthcare, auto and consumer durables stocks traded higher. However capital goods, oil & gas and power stocks faced the brunt of profit booking.
At 11.57 a.m., the Sensex was trading up 2.49 points or 0.01% at 18,433.34 with 18 components gaining. Meanwhile, the Nifty was trading lower by 3.70 points or 0.07% at 5,594.20 with 28 components falling.The 30-share benchmark index, BSE Sensex opened flat with a rise of 5.94 points or 0.03% at 18,436.79, while the broad based NSE Nifty started with a fall of 1.15 points or 0.02%, at 5,596.75.
Sensex Movers
Tata Motors contributed rise of 10.13 points in the Sensex. It was followed by Mahindra & Mahindra (5.83 points), Maruti Suzuki India (5.76 points), ITC (5.16 points) and State Bank Of India (4.87 points).
However, Larsen & Toubro contributed fall of 13.85 points in the Sensex. It was followed by Oil & Natural Gas Corporation (8.27 points), Hindustan Unilever (6.88 points), Reliance Industries (5.98 points) and HDFC Bank (4.54 points).
Major gainers in the 30-share index were Maruti Suzuki India (2.50%), Dr Reddy's Laboratories (2.39%), Wipro (1.90%), Tata Motors (1.76%), Cipla (1.45%), and Mahindra & Mahindra (1.24%).
On the other hand, Jindal Steel & Power (1.53%), GAIL (India) (1.51%), Bharat Heavy Electricals (1.34%), Larsen & Toubro (1.26%), Oil & Natural Gas Corporation (1.21%), and Hindustan Unilever (0.99%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.17% and 0.04% respectively. The major gainers in the BSE Midcap were A I A Engineering (1.72%), Allahabad Bank (1.29%), CORE Education and Technologies (0.19%), ABG Shipyard (0.17%) and Aban Offshore (0.05%).The major gainers in the BSE Smallcap were Aarti Industries (3.86%), Trident (1.14%), Styrolution ABS (India) (0.94%), Advanta India (0.59%) and Adhunik Metaliks (0.34%).
Sectors in Limelight
The Capital Goods index was at 10,794.38, down by 110.16 points or by 1.01%. The major losers were BEML (1.8%), Bharat Heavy Electricals (1.34%), Alstom T&D India (0.93%), Crompton Greaves (0.7%) and Alstom India (0.65%).
The Oil & Gas index was at 8,326.98, down by 53.11 points or by 0.63%. The major losers were GAIL (India) (1.51%), Hindustan Petroleum Corporation (0.44%), Gujarat State Petronet (0.2%), Cairn India (0.15%) and Oil India (0.07%).
The Power index was at 1,940.89, down by 9.69 points or by 0.5%. The major losers were Reliance Infrastructure (2.33%), Bharat Heavy Electricals (1.34%), GMR Infrastructure (0.75%), Crompton Greaves (0.7%) and Adani Power (0.1%).
On the other hand, the HC index was at 7,587.97, up by 96.54 points or by 1.29%. The major gainers were Biocon (1.78%), Cipla (1.45%), Divis Laboratories (1.34%), Cadila Healthcare (0.7%) and Apollo Hospitals Enterprise (0.34%).
Market Breadth
Market breadth was negative with 1,141 advances against 1,224 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 475.52 million. It was followed by United Spirits (Rs. 300.99 million), Reliance Capital (Rs. 224.04 million) and Maruti Suzuki India (Rs. 189.93 million).
The volume chart was led by TV18 Broadcast with trades of over 3.99 million shares. It was followed by Alok Industries (2.56 million), Lanco Infratech (2.41 million) and Kingfisher Airlines (2.25 million).
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