Indian markets dropped in early trade on Thursday erasing earlier gains. At 09.19 a.m., the Sensex was trading down 40.79 points or 0.22% at 18,464.59 with 18 components falling. Meanwhile, the Nifty was trading lower by 11.30 points or 0.20% at 5,608.40 with 31 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a decline of 17.48 points or 0.09% at 18,487.90, while the broad based NSE Nifty started with a fall of 9.85 points or 0.18%, at 5,609.85.
Sensex Movers
Reliance Industries contributed fall of
16.29 points in the Sensex. It was followed by Hindustan Unilever
(15.45 points), I T C (9.74 points), Infosys (5.53 points) and Oil
& Natural Gas Corporation (4.6 points).
However, Tata Motors contributed rise of 8.74 points in the Sensex. It was followed by Bharti Airtel (4.61 points), Wipro (4.14 points), Maruti Suzuki India (2 points) and Reliance Infrastructure (1.36 points).
Major gainers in the 30-share index were Wipro (1.71%), Tata Motors (1.51%), Bharti Airtel (1.12%), Maruti Suzuki India (0.87%), Cipla (0.69%), and Dr Reddy'S Laboratories (0.46%).
On the other hand, Hindustan Unilever (2.22%), Reliance Industries (0.98%), Jindal Steel & Power (0.72%), Oil & Natural Gas Corporation (0.67%), Hindalco Industries (0.64%), and I T C (0.53%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.06% and 0.15% respectively. The major gainers in the BSE Midcap were Alstom India (1.97%), Amara Raja Batteries (1.15%), Amtek India (0.62%), Aban Offshore (0.49%) and Amtek Auto (0.21%).The major gainers in the BSE Smallcap were Styrolution ABS (India) (2.29%), Reliance MediaWorks (1.07%), Aarti Industries (0.92%), A2Z Maintenance & Engineering Services (0.85%) and Aanjaneya Lifecare (0.28%).
Sectors in Limelight
The Consumer Durables index was at 7,037.55, up by 99.85 points or by 1.44%. The major gainers were Titan Industries (3.08%), Videocon Industries (2.2%), Whirlpool Of India (1.06%), Rajesh Exports (0.41%) and T T K Prestige (0.12%).
The Auto index was at 10,362.79, up by 55.53 points or by 0.54%. The major gainers were Tata Motors (1.51%), Cummins India (1.07%), Maruti Suzuki India (0.87%), Exide Industries (0.71%) and Bajaj Auto (0.12%).
The FMCG index was at 5,643.25, down by 44.05 points or by 0.77%. The major losers were Hindustan Unilever (2.22%), Godrej Consumer Products (1.89%), I T C (0.53%) and Colgate-Palmolive (India) (0.39%).The Oil & Gas index was at 8,308.41, down by 46.62 points or by 0.56%. The major losers were Reliance Industries (0.98%), Oil & Natural Gas Corporation (0.67%), Cairn India (0.51%) and G A I L (India) (0.49%).
Market Breadth
Market breadth was positive with 428 advances against 242 declines.
Value and Volume Toppers
Wipro topped the value chart on the BSE with a turnover of Rs. 47.35 million. It was followed by Pudumjee Pulp & Paper Mills (Rs. 36.81 million), Reliance Industries (Rs. 29.49 million) and Tribhovandas Bhimji Zaveri (Rs. 27.18 million).
The volume chart was led by Pudumjee Pulp & Paper Mills with trades of over 2.45 million shares. It was followed by Kingfisher Airlines (0.41 million), TV18 Broadcast (0.22 million) and SREI Infrastructure Finance (0.16 million).
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