Indian equities continued to trade lower post noon trade on Friday amid weak global cues. Realty, auto and power stocks led the decline. At 01.49 p.m., the Sensex was trading down 119.84 points or 0.62% at 19,334.08 with 27 components falling. Meanwhile, the Nifty was trading lower by 47.05 points or 0.80% at 5,869.35 with 47 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 59.37 points or 0.31% at 19,394.55, while the broad based NSE Nifty started with a fall of 28.40 points or 0.48%, at 5,888.00.
Sensex Movers
Reliance Industries contributed fall of 16.01 points in the Sensex. It was followed by HDFC Bank (14.48 points), Tata Motors (12.51 points), Bharti Airtel (10.55 points) and Oil & Natural Gas Corporation (8.99 points).
However, Tata Consultancy Services contributed rise of 8.73 points in the Sensex. It was followed by Infosys (2.74 points), Hindustan Unilever (2.35 points), Grasim Industries (1.13 points) and Hero Motocorp (0.1 points).
Major gainers in the 30-share index were Tata Consultancy Services (1.00%), Hindustan Unilever (0.35%), and Infosys (0.21%).
On the other hand, Sterlite Industries (India) (2.11%), Bharti Airtel (2.10%), Tata Motors (2.00%), Jindal Steel & Power (1.95%), Sun Pharmaceutical Industries (1.63%), and Hindalco Industries (1.43%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.85% and -0.92% respectively.The major losers in the BSE Midcap were Allahabad Bank(2.55%), CORE Education and Technologies (1.94%), ABG Shipyard (1.65%), Aban Offshore (0.79%) and Alstom India (0.6%).The major losers in the BSE Smallcap were Aarti Industries (1.48%), A2Z Maintenance & Engineering Services (1.01%), Trident (0.86%), Adhunik Metaliks (0.74%) and Reliance MediaWorks (0.06%).
Sectors in Limelight
The Realty index was at 2,089.13, down by 33.95 points or by 1.6%. The major losers were Anant Raj (3.9%), D B Realty (1.67%), Indiabulls Real Estate (1.55%), D L F (1.33%) and Godrej Properties (0.22%).
The Auto index was at 11,269.08, down by 137.91 points or by 1.21%. The major losers were Exide Industries (1.35%), Bajaj Auto (1.07%), Bharat Forge (0.94%), Ashok Leyland (0.92%) and Hero Motocorp (0.05%).
The Oil & Gas index was at 8,374.01, down by 95.23 points or by 1.12%. The major losers were Cairn India (2.72%), Gujarat State Petronet (2.38%), Bharat Petroleum Corporation (1.17%), Hindustan Petroleum Corporation (1.04%) and G A I L (India) (0.47%).
On the other hand, the IT index was at 5,645.08, up by 7.18 points or by 0.13%. The major gainers were Tata Consultancy Services (1%), Hexaware Technologies (0.34%), Financial Technologies (India) (0.29%) and Infosys (0.21%).
Market Breadth
Market breadth was negative with 978 advances against 1,769 declines.
Value and Volume Toppers
Jet Airways (India) topped the value chart on the BSE with a turnover of Rs. 546.25 million. It was followed by United Spirits (Rs. 514.07 million), Bajaj Finance (Rs. 466.38 million) and State Bank Of India (Rs. 427.93 million).
The volume chart was led by GTL Infrastructure with trades of over 13.45 million shares. It was followed by Kingfisher Airlines (3.85 million), Unitech (3.05 million) and Marksans Pharma (2.93 million).
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