Indian markets continued to trade lower as European market opened in the negative terrain. Oil & gas, consumer durables and technology stocks witnessed profit booking while healthcare and realty gained.
At 01.48 p.m., the Sensex was trading down 32.87 points or 0.17% at 19,391.23 with 18 components falling. Meanwhile, the Nifty was trading lower by 9.40 points or 0.16% at 5,898 with 30 components falling. European stocks fell as Italian Prime Minister Mario Monti's intended resignation and a delayed Greek bond buyback reignited concern about the debt crisis. U.S. futures and Asian shares fluctuated.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 18.09 points or 0.09% at 19,442.19, while the broad based NSE Nifty started with a rise of 8.65 points or 0.15%, at 5,916.05.
Sensex Movers
Reliance Industries contributed fall of 20.79 points in the Sensex. It was followed by Tata Consultancy Services (18.61 points), ICICI Bank (10.11 points), Bharti Airtel (7.72 points) and Larsen & Toubro (6.76 points).
However, Housing Development Finance Corporation contributed rise of 36.19 points in the Sensex. It was followed by Hindustan Unilever (5.3 points), Tata Steel (3.34 points), Infosys (2.6 points) and Wipro (2.48 points).
Biggest gainers in the 30-share index were Housing Development Finance Corporation (2.37%), Dr Reddy's Laboratories (1.72%), Tata Steel (1.08%), Cipla (1.01%), Hero Motocorp (0.91%), and Bajaj Auto (0.88%).
On the other hand, Tata Consultancy Services (2.05%), NTPC (1.63%), Bharti Airtel (1.46%), Reliance Industries (1.25%), Mahindra & Mahindra (1.08%), and Hindalco Industries (1.05%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.45% and 0.29% respectively. The major gainers in the BSE Midcap were Allahabad Bank(1.89%), Andhra Bank (1.1%), Anant Raj Industries (0.51%), CORE Education and Technologies (0.23%) and Amtek Auto (0.07%).The major gainers in the BSE Smallcap were Styrolution ABS (India) (6.26%), Aarti Industries (3.82%), Trident (3.67%), Adhunik Metaliks (2.29%) and Aanjaneya Lifecare (1.27%).
Sectors in Limelight
The Oil & Gas index was at 8,434.72, down by 76.05 points or by 0.89%. The major losers were Bharat Petroleum Corporation (2%), Cairn India (1.64%), Hindustan Petroleum Corporation (0.6%), Indian Oil Corporation (0.53%) and Gujarat State Petronet (0.32%).
The Consumer Durables index was at 8,079.15, down by 65.55 points or by 0.8%. The major losers were Titan Industries (2.62%) and V I P Industries (1.54%).
The TECk index was at 3,392.41, down by 18.56 points or by 0.54%. The major losers were Mphasis (1.99%), Idea Cellular (1.5%), Bharti Airtel (1.38%), Dish TV India (1.36%) and G T L Infrastructure (0.75%).
Market Breadth
Market breadth was negative with 1,433 advances against 1,373 declines.
Value and Volume Toppers
Karnataka Bank topped the value chart on the BSE with a turnover of Rs. 496.36 million. It was followed by Sun TV Network (Rs. 424.75 million), United Spirits (Rs. 406.74 million) and State Bank Of India (Rs. 345.75 million).
The volume chart was led by Cals Refineries with trades of over 26.98 million shares. It was followed by Kingfisher Airlines (3.79 million), Unitech (3.08 million) and Spicejet (2.86 million).
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