Indian equitiesturns negativein afternoon paring gains seen aftertheRBI slashed key rates by 25 bps. Realty stocks gave up all gains while banking stocks come off from high but continues to trade higher.
At 1.33 pm, the Sensex was trading down 51.08 points or 0.25% at 20,052.27 with 20 components falling. Meanwhile, the Nifty was trading lower by 7.00 points or 0.12% at 6,067.80 with 33 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 23.04 points or 0.11% at 20,080.31, while the broad based NSE Nifty started with a fall of 10.10 points or 0.17%, at 6,064.70.
Sensex Movers
H D F C Bank contributed fall of 24.23
points in the Sensex. It was followed by Reliance Industries (22.6
points), Infosys (10.21 points), Oil & Natural Gas Corporation
(8.82 points) and Bharti Airtel (8.48 points).
However, I C I C I Bank contributed rise of 29.35 points in the Sensex. It was followed by I T C (12.26 points), Grasim Industries (2.45 points), Jaiprakash Associates (2.23 points) and Housing Development Finance Corporation (1.99 points).
Major gainers in the 30-share index were I C I C I Bank (1.85%), Coal India (1.01%), Cipla (0.75%), Hero Motocorp (0.69%), I T C (0.63%), and Jindal Steel & Power (0.37%).
On the other hand, H D F C Bank (1.64%), Bharti Airtel (1.51%), Hindalco Industries (1.39%), Bajaj Auto (1.29%), Wipro (1.28%), and Reliance Industries (1.19%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6963.48 down by 12.36 points or by 0.18%. The major losers were Allcargo Logistics (1.91%), A B G Shipyard (0.75%), Alstom India (0.73%), Aban Offshore (0.65%) and CORE Education and Technologies (0.51%).
The BSE Smallcap index was at 7148.65 down by 13.40 points or by 0.19%. The major losers were Styrolution ABS (India) (1.89%), Aegis Logistics (1.12%), Adhunik Metaliks (1.02%), A2Z Maintenance & Engineering Services (0.96%) and Advanta India (0.63%).
Sectors in Limelight
The Oil & Gas index was at 9,332.77, down by 94.1 points or by 1%. The major losers were Hindustan Petroleum Corporation (2.29%), Indian Oil Corporation (1.46%), Bharat Petroleum Corporation (1.21%), G A I L (India) (0.77%) and Oil India (0.26%).
The Consumer Durables index was at 7,417.89, down by 63.3 points or by 0.85%. The major losers were Videocon Industries (2.51%), Gitanjali Gems (1.98%), Titan Industries (0.92%), Rajesh Exports (0.59%) and Whirlpool Of India (0.2%).
The Realty index was at 2,206.48, down by 17.28 points or by 0.78%. The major losers were Indiabulls Real Estate (2.34%), Housing Development and Infrastructure (2.09%), Anant Raj (0.59%), D L F (0.49%) and Oberoi Realty (0.12%).
On the other hand, the Bankex index was at 14,704.94, up by 41.36 points or by 0.28%. The major gainers were Axis Bank (4.59%), I C I C I Bank (1.85%), Federal Bank (1.04%), Kotak Mahindra Bank (0.86%) and Canara Bank (0.09%).
Market Breadth
Market breadth was negative with 1,148 advances against 1,526 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,645.05 million. It was followed by Axis Bank (Rs. 1,501.95 million), I C I C I Bank (Rs. 616.44 million) and Housing Development and Infrastructure (Rs. 461.20 million).
The volume chart was led by Unitech with trades of over 8.00 million shares. It was followed by Housing Development and Infrastructure (5.63 million), Suzlon Energy (5.46 million) and Shri Ganesh Spinners (3.13 million).
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