Indian markets pared some of the losses towards closing on Thursday after buying emerged in the capital goods space led by L&T on better-than-expected Q3 earnings. At 2.03 p.m, the Sensex was trading down 32.50 points or 0.16% at 19,994.11 with 19 components falling. Meanwhile, the Nifty was trading lower by 15.30 points or 0.25% at 6,039 with 35 components falling.
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 45.03
points in the Sensex. It was followed by Housing Development
Finance Corporation (17.56 points), Reliance Industries (13.23
points), Bharti Airtel (9.63 points) and Mahindra & Mahindra
(5.57 points).
However, Larsen & Toubro contributed rise of 21.22 points in the Sensex. It was followed by I T C (19.06 points), Oil & Natural Gas Corporation (12.86 points), Tata Consultancy Services (12.5 points) and H D F C Bank (8.08 points).
Major gainers in the 30-share index were Larsen & Toubro (2.13%), Oil & Natural Gas Corporation (1.52%), Tata Consultancy Services (1.34%), Wipro (1.12%), I T C (1.03%), and Hindustan Unilever (0.99%).
On the other hand, Tata Motors (6.17%), Cipla (2.93%), G A I L (India) (2.54%), Maruti Suzuki India (1.85%), Bharti Airtel (1.77%), and Sterlite Industries (India) (1.64%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.49% and -1.44% respectively.The major losers in the BSE Midcap were A I A Engineering (2.58%), CORE Education and Technologies (1.85%), Aban Offshore (1.63%), Alstom India (0.66%) and A B G Shipyard (0.38%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (9.14%), Aanjaneya Lifecare (2.12%), Trident (1.56%), Styrolution ABS (India) (1.13%) and Aarti Industries (0.25%).
Sectors in Limelight
The Auto index was at 10,816.89, down by 296.6 points or by 2.67%. The major losers were Bharat Forge (3.72%), Ashok Leyland (2%), Bajaj Auto (1.37%), Hero Motocorp (0.86%) and Exide Industries (0.64%).
The Realty index was at 2,149.18, down by 33.49 points or by 1.53%. The major losers were Housing Development and Infrastructure (17.19%), Anant Raj (3.16%), Oberoi Realty (1.4%), Godrej Properties (0.83%) and Prestige Estates Projects (0.71%).
On the other hand, the Capital Goods index was at 10,677.74, up by 98.02 points or by 0.93%. The major gainers were Jindal Saw (2.79%), Larsen & Toubro (2.13%), Alstom T&D India (1.56%), S K F India (1.45%) and Crompton Greaves (0.55%).
Market Breadth
Market breadth was negative with 752 advances against 1,990 declines.
Value and Volume Toppers
Housing Development and Infrastructure topped the value chart on the BSE with a turnover of Rs. 2,101.34 million. It was followed by Larsen & Toubro (Rs. 981.97 million), Tata Motors (Rs. 785.90 million) and State Bank Of India (Rs. 358.93 million).
The volume chart was led by Housing Development and Infrastructure with trades of over 26.37 million shares. It was followed by Unitech (8.30 million), Lanco Infratech (3.20 million) and Reliance Communications (3.13 million).
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