Indian equities continued to decline furtherin noon trade Thursdayon concern over US fiscalcliff and geopolitical tension in West Asia. IT, metal and auto stocks were major draggers.
At 11.53 a.m., the Sensex was trading down 170.76 points or 0.92% at 18,448.11 with 24 components falling. Meanwhile, the Nifty was trading lower by 54points or 0.95% at 5,612.95 with 41 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 28.80 points or 0.15% at 18,590.07, while the broad based NSE Nifty started with a fall of 16.60 points or 0.29%, at 5,650.35.
Sensex Movers
ITC contributed fall of 36.5 points in the Sensex. It was followed by Infosys (27.33 points), Reliance Industries (22.26 points), Tata Consultancy Services (17.02 points) and ICICI Bank (16.5 points).
However, Bharti Airtel contributed rise of 13.3 points in the Sensex. It was followed by Housing Development Finance Corporation (11.64 points), Hindustan Unilever (2.3 points), Reliance Communications (2.13 points) and DLF (0.82 points).
Biggest gainers in the 30-share index were Bharti Airtel (3.22%), Housing Development Finance Corporation (0.86%), GAIL (India) (0.80%), Coal India (0.59%), Hindustan Unilever (0.33%), and Tata Power Company (0.20%).
On the other hand, Tata Steel (2.59%), Hindalco Industries (2.43%), Sun Pharmaceutical Industries (2.14%), Infosys (2.06%), ITC (1.99%), and Tata Motors (1.93%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.68% and -0.57% respectively.The major losers in the BSE Midcap were Allahabad Bank(2.04%), Alstom India (1.3%), CORE Education and Technologies (0.55%), Aban Offshore (0.27%) and A B G Shipyard (0.09%).The major losers in the BSE Smallcap were Trident (2.65%), Aanjaneya Lifecare (2.59%), A2Z Maintenance & Engineering Services (1.9%), Aarti Industries (0.81%) and Styrolution ABS (India) (0.8%).
Sectors in Limelight
The IT index was at 5,648.73, down by 99.46 points or by 1.73%. The major losers were Hexaware Technologies (3.32%), Tech Mahindra (2.47%), Infosys (2.06%), Oracle Financial Services Software (0.71%) and CORE Education and Technologies (0.55%).
The Metal index was at 9,929.56, down by 156.2 points or by 1.55%. The major losers were NMDC (3.13%), Hindalco Industries (2.43%), Jindal Steel & Power (1.75%), Hindustan Zinc (1.55%) and JSW Steel (1.17%).
The IPO index was at 1,841.63, down by 25.18 points or by 1.35%. The major losers were Ashoka Buildcon (4.16%), Aanjaneya Lifecare (2.59%), Acropetal Technologies (1.95%), A2Z Maintenance & Engineering Services (1.9%) and Bedmutha Industries (1.09%).
On the other hand, the Consumer Durables index was at 7,451.98, up by 38.47 points or by 0.52%. The major gainers were T T K Prestige (2.19%), Rajesh Exports (1.16%), Titan Industries (1.06%) and Videocon Industries (0.53%).
Market Breadth
Market breadth was negative with 869 advances against 1,591 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 2,724.96 million. It was followed by L&T Finance Holdings (Rs. 1,184.69 million), United Breweries (Rs. 432.51 million) and Tata Coffee (Rs. 345.50 million).
The volume chart was led by L&T Finance Holdings with trades of over 14.23 million shares. It was followed by TV18 Broadcast (6.32 million), Cals Refineries (4.53 million) and Kingfisher Airlines (3.57 million).
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