Indian marketsdropped further in post noon trade ahead of F&O expiry today. Metal and IT stockswitnessed selling pressure, whilePSU stocks gained. At 13.32 pm, the Sensex was trading down 79.41 points or 0.40% at 19,925.59 with 21 components falling. Meanwhile, the Nifty was trading lower by 17.05 points or 0.28% at 6,038.70 with 31 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a decline of 17.72 points or 0.09% at 19,987.28, while the broad based NSE Nifty started with a fall of 10.10 points or 0.17%, at 6,045.65.
Sensex Movers
Reliance Industries contributed fall of
24.32 points in the Sensex. It was followed by ICICI Bank (18.65
points), HDFC Bank (15.32 points), Larsen & Toubro (10.39
points) and Infosys (7.95 points).
However, ITC contributed rise of 20.31 points in the Sensex. It was followed by Oil & Natural Gas Corporation (5.91 points), Bharat Heavy Electricals (4.74 points), Sun Pharmaceutical Industries (3.24 points) and Grasim Industries (1.06 points).
Major gainers in the 30-share index were Bharat Heavy Electricals (2.07%), I T C (1.05%), Sun Pharmaceutical Industries (0.92%), Bajaj Auto (0.84%), Oil & Natural Gas Corporation (0.69%), and Coal India (0.64%).
On the other hand, Tata Power Company (2.66%), Sterlite Industries (India) (2.39%), Wipro (1.75%), Reliance Industries (1.28%), I C I C I Bank (1.18%), and Jindal Steel & Power (1.18%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.05% and -0.21% respectively.The major losers in the BSE Midcap were Allahabad Bank(1.97%), A I A Engineering (1.37%), Allcargo Logistics (0.44%), CORE Education and Technologies (0.12%) and Aban Offshore (0.01%).The major losers in the BSE Smallcap were Genesys International Corporation (3.37%), Action Construction Equipment (2.13%), Adhunik Metaliks (0.66%), Reliance MediaWorks (0.48%) and Wagend Infra Venture (0.24%).
Sectors in Limelight
The Metal index was at 10,523.40, down by 83.93 points or by 0.79%. The major losers were Sesa Goa (2.17%), NMDC (1.75%), Jindal Steel & Power (1.18%), Hindalco Industries (0.39%) and Bhushan Steel (0.06%).
The IT index was at 6,379.92, down by 30.46 points or by 0.48%. The major losers were Tech Mahindra (1.24%), Hexaware Technologies (0.75%), Infosys (0.5%), Oracle Financial Services Software (0.26%) and H C L Technologies (0.07%).
On the other hand, the PSU index was at 7,633.15, up by 48.62 points or by 0.64%. The major gainers were Bank Of India(3.86%), Bank Of Baroda (2.76%), Bharat Heavy Electricals (2.07%), BEML (0.26%) and Balmer Lawrie & Company (0.2%).
Market Breadth
Market breadth was negative with 1,190 advances against 1,439 declines.
Value and Volume Toppers
I C I C I Bank topped the value chart on the BSE with a turnover of Rs. 773.04 million. It was followed by Zee Entertainment Enterprises (Rs. 648.84 million), State Bank Of India (Rs. 618.87 million) and Jet Airways (India) (Rs. 589.54 million).
The volume chart was led by Suzlon Energy with trades of over 17.72 million shares. It was followed by I F C I (4.63 million), Manappuram Finance (3.91 million) and Housing Development and Infrastructure (3.80 million).
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