Indian markets remained negative in noon trade on Friday led by losses seen in Reliance Industries, Infosys andTata Motors. BSE Midcap and Smallcap index underperformed the benchmark indices.
At 12.17 pm, the Sensex was trading down 70.55 points or 0.36% at 19,426.63 with 20 components falling. Meanwhile, the Nifty was trading lower by 28.05 points or 0.48% at 5,868.90 with 40 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 47.35 points or 0.24% at 19,449.83, while the broad based NSE Nifty started with a fall of 27.00 points or 0.46%, at 5,869.95.
Sensex Movers
Reliance Industries contributed fall of
25.96 points in the Sensex. It was followed by Infosys (12.72
points), Tata Steel (5.6 points), Tata Consultancy Services (4.03
points) and Tata Motors (3.43 points).
However, H D F C Bank contributed rise of 8.77 points in the Sensex. It was followed by Sun Pharmaceutical Industries (2.44 points), Tata Power Company (2.08 points), Larsen & Toubro (1.9 points) and Oil & Natural Gas Corporation (1.83 points).
Biggest gainers in the 30-share index were Tata Power Company (1.11%), Sun Pharmaceutical Industries (0.67%), H D F C Bank (0.61%), NTPC (0.44%), G A I L (India) (0.27%), and Bharat Heavy Electricals (0.24%).
On the other hand, Dr Reddy"s Laboratories (2.08%), Tata Steel (1.81%), Bajaj Auto (1.54%), Cipla (1.49%), Reliance Industries (1.44%), and Jindal Steel & Power (1.42%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6581 down by 27.41 points or by 0.41%. The major losers were Alstom India (1.05%), CORE Education and Technologies (0.9%), A B G Shipyard (0.86%), Aban Offshore (0.65%) and Allahabad Bank (0.17%).
The BSE Smallcap index was at 6518.78 down by 64.29 points or by 0.98%. The major losers were A2Z Maintenance & Engineering Services (7.24%), Action Construction Equipment (6.04%), Aarti Industries (2.35%), Trident (1.7%) and Styrolution ABS (India) (0.35%).
Sectors in Limelight
The Realty index was at 2,017.03, down by 20.32 points or by 1%. The major losers were D L F (2.85%), Housing Development and Infrastructure (1.63%), Anant Raj (1.62%), Indiabulls Real Estate (0.29%) and Godrej Properties (0.1%).
The Oil & Gas index was at 8,920.87, down by 82.03 points or by 0.91%. The major losers were Cairn India (2.69%), Bharat Petroleum Corporation (2.17%), Hindustan Petroleum Corporation (1.45%), Indian Oil Corporation (1.31%) and Castrol India (0.08%).
On the other hand, the FMCG index was at 5,803.50, up by 1.61 points or by 0.03%. The major gainers were United Breweries (4.19%), Godrej Consumer Products (2.17%), Tata Global Beverages (0.65%), Colgate-Palmolive (India) (0.31%) and Nestle India (0.14%).
Market Breadth
Market breadth was negative with 800 advances against 1,715 declines.
Value and Volume Toppers
Jet Airways (India) topped the value chart on the BSE with a turnover of Rs. 276.40 million. It was followed by State Bank Of India (Rs. 275.26 million), Reliance Capital (Rs. 255.03 million) and United Breweries (Rs. 220.29 million).
The volume chart was led by Suzlon Energy with trades of over 9.88 million shares. It was followed by TV18 Broadcast (2.19 million), Spicejet (1.58 million) and Unitech (1.28 million).
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