Indian marketsstill trading in a lackluster manner towards the close. Metal, FMCG and auto stocks traded lower. At 3.09 pm, the Sensex was trading down 51.58 points or 0.26% at 19,528.74 with 21 components falling. Meanwhile, the Nifty was trading lower by 26.25 points or 0.44% at 5,912.55 with 39 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 16.61 points
in the Sensex. It was followed by I C I C I Bank (15.97 points),
State Bank Of India (11.55 points), Reliance Industries (10.39
points) and Oil & Natural Gas Corporation (9.55 points).
However, Tata Consultancy Services contributed rise of 24.81 points in the Sensex. It was followed by H D F C Bank (21.06 points), Larsen & Toubro (11.17 points), Wipro (5.06 points) and Bharat Heavy Electricals (3.27 points).
Major gainers in the 30-share index were Tata Consultancy Services (2.70%), Wipro (1.74%), H D F C Bank (1.50%), Bharat Heavy Electricals (1.46%), Larsen & Toubro (1.13%), and Bharti Airtel (0.53%).
On the other hand, Cipla (3.05%), Sterlite Industries (India) (2.96%), Hindalco Industries (2.87%), Maruti Suzuki India (1.86%), Hero Motocorp (1.63%), and Dr Reddy"S Laboratories (1.59%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.59% and -0.83% respectively.The major losers in the BSE Midcap were Aban Offshore (2.54%), Alstom India (1.37%), A I A Engineering (0.83%), Allahabad Bank (0.67%) and A B G Shipyard (0.41%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (9.14%), Adhunik Metaliks (5.38%), Styrolution ABS (India) (3.46%), Action Construction Equipment (2.02%) and Trident (1.84%).
Sectors in Limelight
The Metal index was at 10,105.46, down by 135.24 points or by 1.32%. The major losers were Hindalco Industries (2.87%), Coal India (1.45%), Hindustan Zinc (1.04%), Jindal Steel & Power (0.78%) and Bhushan Steel (0.35%).
The Auto index was at 10,825.29, down by 113.53 points or by 1.04%. The major losers were Ashok Leyland (3.41%), Bharat Forge (2.74%), Hero Motocorp (1.63%), Bajaj Auto (1%) and Cummins India (0.52%).
The FMCG index was at 5,818.40, down by 58.83 points or by 1%. The major losers were Godrej Consumer Products (2.56%), Colgate-Palmolive (India) (1.52%), I T C (0.84%), Hindustan Unilever (0.78%) and Dabur India (0.61%).
On the other hand, the IT index was at 6,481.08, up by 59.23 points or by 0.92%. The major gainers were Tata Consultancy Services (2.7%), Hexaware Technologies (1.3%), Tech Mahindra (1.2%), H C L Technologies (0.3%) and Oracle Financial Services Software (0.06%).
Market Breadth
Market breadth was negative with 1,078 advances against 1,763 declines.
Value and Volume Toppers
Indiabulls Financial Services topped the value chart on the BSE with a turnover of Rs. 5,250.95 million. It was followed by Strides Arcolab (Rs. 749.32 million), State Bank Of India (Rs. 717.18 million) and Tata Consultancy Services (Rs. 688.28 million).
The volume chart was led by Indiabulls Financial Services with trades of over 18.50 million shares. It was followed by Suzlon Energy (6.25 million), Kingfisher Airlines (4.33 million) and NTPC (4.26 million).
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