Indian equitiescontinues to tradelower towards closingon profit booking after rally triggered by interest rate cut. All sectoral indices are trading in negative terrain barring banks. At 2.26 pm, the Sensex was trading down 61.26 points or 0.30% at 20,042.09 with 21 components falling. Meanwhile, the Nifty was trading lower by 10.75 points or 0.18% at 6,064.05 with 35 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 29.17
points in the Sensex. It was followed by Reliance Industries (28.1
points), Bharti Airtel (8.79 points), Oil & Natural Gas
Corporation (7.79 points) and Infosys (7.25 points).
However, I C I C I Bank contributed rise of 28.66 points in the Sensex. It was followed by I T C (10.32 points), Housing Development Finance Corporation (2.45 points), Jaiprakash Associates (2.3 points) and Larsen & Toubro (1.83 points).
Biggest gainers in the 30-share index were I C I C I Bank (1.81%), Coal India (1.30%), Hero Motocorp (0.75%), I T C (0.53%), Jindal Steel & Power (0.43%), and Sterlite Industries (India) (0.39%).
On the other hand, H D F C Bank (1.98%), Bharat Heavy Electricals (1.64%), Bharti Airtel (1.57%), Reliance Industries (1.48%), Bajaj Auto (1.28%), and Hindalco Industries (1.18%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.33% and -0.55% respectively.The major losers in the BSE Midcap were Allcargo Logistics (1.87%), Aban Offshore (1.53%), Alstom India (1.3%), A B G Shipyard (0.75%) and CORE Education and Technologies (0.51%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (2.87%), Styrolution ABS (India) (2.39%), Adhunik Metaliks (1.65%), Aanjaneya Lifecare (0.32%) and Action Construction Equipment (0.27%).
Sectors in Limelight
The Realty index was at 2,195.18, down by 28.58 points or by 1.29%. The major losers were Housing Development and Infrastructure (5.79%), Indiabulls Real Estate (2.99%), Anant Raj (1.35%), D L F (0.58%) and Godrej Properties (0.11%).
The Oil & Gas index was at 9,316.39, down by 110.48 points or by 1.17%. The major losers were Hindustan Petroleum Corporation (2.67%), Bharat Petroleum Corporation (1.66%), G A I L (India) (0.87%), Castrol India (0.3%) and Cairn India (0.02%).
The Consumer Durables index was at 7,422.88, down by 58.31 points or by 0.78%. The major losers were Videocon Industries (2.8%), Gitanjali Gems (2.19%), Rajesh Exports (0.55%), Bajaj Electricals (0.21%) and Whirlpool Of India (0.06%).
On the other hand, the Bankex index was at 14,689.85, up by 26.27 points or by 0.18%. The major gainers were Axis Bank (4.71%), I C I C I Bank (1.81%), Federal Bank (0.98%), Kotak Mahindra Bank (0.68%) and Union Bank Of India (0.24%).
Market Breadth
Market breadth was negative with 1,103 advances against 1,689 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,876.21 million. It was followed by Axis Bank (Rs. 1,650.20 million), Housing Development and Infrastructure (Rs. 674.86 million) and I C I C I Bank (Rs. 674.36 million).
The volume chart was led by Aadhaar Ventures India with trades of over 14.45 million shares. It was followed by Unitech (9.61 million), Housing Development and Infrastructure (8.56 million) and Suzlon Energy (6.42 million).
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