Indian markets turned negative in the post noonsession on Friday.BSE Midcap and Smallcap index underperformed the benchmark indices. Metal, FMCG and PSU stocks witnessed profit booking while IT and technology gained.
At 1.15 pm, the Sensex was trading down 19.95 points or 0.10% at 19,560.37 with 19 components falling. Meanwhile, the Nifty was trading lower by 14.40 points or 0.24% at 5,924.40 with 37 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a decline of 3.13 points or 0.02% at 19,577.19, while the broad based NSE Nifty started with a fall of 9.70 points or 0.16%, at 5,929.10.
Sensex Movers
I T C contributed fall of 26.09 points
in the Sensex. It was followed by Oil & Natural Gas Corporation
(9.83 points), Mahindra & Mahindra (8.2 points), State Bank Of
India (7.48 points) and Hindustan Unilever (5.7 points).
However, Tata Consultancy Services contributed rise of 25.94 points in the Sensex. It was followed by H D F C Bank (19.56 points), Larsen & Toubro (11.32 points), Wipro (4.32 points) and NTPC (3.86 points).
Major gainers in the 30-share index were Tata Consultancy Services (2.82%), Wipro (1.48%), Bharat Heavy Electricals (1.41%), H D F C Bank (1.39%), NTPC (1.28%), and Larsen & Toubro (1.15%).
On the other hand, Cipla (3.84%), Sterlite Industries (India) (2.87%), Hindalco Industries (2.43%), Coal India (2.18%), Mahindra & Mahindra (1.73%), and I T C (1.32%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.43% and -0.61% respectively.The major losers in the BSE Midcap were Aban Offshore (2.41%), A I A Engineering (2.17%), A B G Shipyard (1.47%), Alstom India (0.72%) and CORE Education and Technologies (0.6%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (8.27%), Adhunik Metaliks (4.87%), Action Construction Equipment (2.31%), Aanjaneya Lifecare (0.85%) and Styrolution ABS (India) (0.54%).
Sectors in Limelight
The Metal index was at 10,112.61, down by 128.09 points or by 1.25%. The major losers were Hindalco Industries (2.43%), Coal India (2.18%), Hindustan Zinc (1.28%), Jindal Steel & Power (1%) and NMDC (0.67%).
The FMCG index was at 5,817.09, down by 60.14 points or by 1.02%. The major losers were I T C (1.32%), Godrej Consumer Products (1.1%), Hindustan Unilever (0.97%), Dabur India (0.68%) and Colgate-Palmolive (India) (0.27%).
The PSU index was at 7,294.93, down by 58.36 points or by 0.79%. The major losers were Bank Of Baroda(1.03%), Bank Of Maharashtra (0.8%), BEML (0.38%), Bank Of India (0.34%) and Andhra Bank (0.15%).
On the other hand, the IT index was at 6,495.67, up by 73.82 points or by 1.15%. The major gainers were Hexaware Technologies (1.43%), Oracle Financial Services Software (0.73%), H C L Technologies (0.62%), Mphasis (0.45%) and Infosys (0.19%).
Market Breadth
Market breadth was negative with 944 advances against 1,619 declines.
Value and Volume Toppers
Indiabulls Financial Services topped the value chart on the BSE with a turnover of Rs. 5,151.62 million. It was followed by Tata Consultancy Services (Rs. 574.99 million), Strides Arcolab (Rs. 554.63 million) and State Bank Of India (Rs. 513.73 million).
The volume chart was led by Indiabulls Financial Services with trades of over 18.08 million shares. It was followed by Suzlon Energy (4.55 million), Kingfisher Airlines (3.68 million) and NTPC (2.67 million).
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