Indian equities continued to fall in noon trade on Thursday led by Tata Motors. At 12.20 pm, the Sensex was trading down 88.46 points or 0.44% at 19,938.15 with 21 components falling. Meanwhile, the Nifty was trading lower by 28.50 points or 0.47% at 6,025.80 with 37 components falling.
Tata Motorsdropped nearly 7% after saying JLR margins would be lower for third quarter.
The 30-share benchmark index, BSE Sensex opened flat with a decline of 9.41 points or 0.05% at 20,017.20, while the broad based NSE Nifty started with a fall of 8.10 points or 0.13%, at 6,046.20.
Sensex Movers
Tata Motors contributed fall of 49.57
points in the Sensex. It was followed by Reliance Industries (14.31
points), Housing Development Finance Corporation (13.63 points),
Larsen & Toubro (12.59 points) and I C I C I Bank (9.55
points).
However, ITC contributed rise of 25.67 points in the Sensex. It was followed by Tata Consultancy Services (12.85 points), Oil & Natural Gas Corporation (11.3 points), Infosys (9.92 points) and H D F C Bank (7.84 points).
Major gainers in the 30-share index were I T C (1.38%), Tata Consultancy Services (1.38%), Oil & Natural Gas Corporation (1.34%), Wipro (1.09%), Hindustan Unilever (0.99%), and Dr Reddy"S Laboratories (0.67%).
On the other hand, Tata Motors (6.81%), GAIL (India) (3.43%), Cipla (2.50%), Hindalco Industries (1.91%), Mahindra & Mahindra (1.86%), and Sterlite Industries (India) (1.82%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.70% and -1.58% respectively.The major losers in the BSE Midcap were Aban Offshore (1.56%), CORE Education and Technologies (1.19%), A B G Shipyard (0.58%), A I A Engineering (0.22%) and Alstom India (0.13%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (10.3%), Action Construction Equipment (2.08%), Aanjaneya Lifecare (1.71%), Trident (1.67%) and Styrolution ABS (India) (0.28%).
Sectors in Limelight
The Realty index was at 2,117.92, down by 64.75 points or by 2.97%. The major losers were Housing Development and Infrastructure (14.39%), Anant Raj (4.22%), Indiabulls Real Estate (2.44%), D L F (0.89%) and Godrej Properties (0.67%).
The Auto index was at 10,806.60, down by 306.89 points or by 2.76%. The major losers were Bharat Forge (2.91%), Ashok Leyland (1.6%), Bajaj Auto (1.13%), Exide Industries (0.76%) and Hero Motocorp (0.74%).
The Power index was at 1,974.67, down by 24.67 points or by 1.23%. The major losers were Adani Power (2.54%), Reliance Infrastructure (1.99%), A B B (0.85%), Bharat Heavy Electricals (0.67%) and C E S C (0.56%).
On the other hand, the FMCG index was at 5,767.50, up by 45.85 points or by 0.80%. The major gainers were Godrej Consumer Products (1.69%), I T C (1.38%), Hindustan Unilever (0.99%), Nestle India (0.97%) and Colgate-Palmolive (India) (0.86%).
Market Breadth
Market breadth was negative with 666 advances against 1,888 declines.
Value and Volume Toppers
Housing Development and Infrastructure topped the value chart on the BSE with a turnover of Rs. 1,687.31 million. It was followed by Tata Motors (Rs. 630.92 million), Larsen & Toubro (Rs. 310.88 million) and Oil & Natural Gas Corporation (Rs. 240.98 million).
The volume chart was led by Housing Development and Infrastructure with trades of over 20.48 million shares. It was followed by Unitech (6.03 million), Lanco Infratech (2.61 million) and Reliance Communications (2.50 million).
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