Indian markets plunged further on heavy selling pressure seen in metal, realty, banking and capital goods stocks.At 2.15 pm, the Sensex was trading down 296.03 points or 1.51% at 19,346.72 with 28 components falling. Meanwhile, the Nifty was trading lower by 81.95 points or 1.38% at 5,861.10 with 50 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 93.70 points or 0.48% at 19,549.05, while the broad based NSE Nifty started with a fall of 33.40 points or 0.56%, at 5,909.65.
Sensex Movers
I C I C I Bank contributed fall of
49.14 points in the Sensex. It was followed by Reliance Industries
(42.89 points), I T C (24.26 points), Larsen & Toubro (18.06
points) and Tata Motors (17.28 points).
However, Bharti Airtel contributed rise of 0.97 points in the Sensex. It was followed by Tata Power Company (0.19 points), Sun Pharmaceutical Industries (0.67 points), Hero Motocorp (0.76 points) and NTPC (0.95 points).
Major gainers in the 30-share index were Bharti Airtel (0.20%), and G A I L (India) (0.15%).
On the other hand, Jindal Steel & Power (4.07%), Tata Steel (3.70%), Hindalco Industries (3.63%), Sterlite Industries (India) (3.53%), I C I C I Bank (3.24%), and Hindustan Unilever (2.64%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6622.34 down by 95.47 points or by 1.42%. The major losers were Alstom India (2.4%), A I A Engineering (2.08%), Aban Offshore (1.91%), CORE Education and Technologies (0.72%) and A B G Shipyard (0.6%).
The BSE Smallcap index was at 6572.94 down by 100.78 points or by 1.51%. The major losers were Action Construction Equipment (5.33%), Adhunik Metaliks (4.04%), A2Z Maintenance & Engineering Services (1.98%), Styrolution ABS (India) (1.44%) and Aanjaneya Lifecare (0.5%).
Sectors in Limelight
The Metal index was at 9,629.87, down by 302.83 points or by 3.05%. The major losers were Jindal Steel & Power (4.07%), Hindalco Industries (3.63%), Hindustan Zinc (1.75%), Coal India (1.3%) and Bhushan Steel (0.8%).
The Realty index was at 2,079.11, down by 55.53 points or by 2.6%. The major losers were Indiabulls Real Estate (4.96%), Anant Raj (4.17%), D L F (3.22%), Housing Development and Infrastructure (2.86%) and Godrej Properties (1.1%).
The Bankex index was at 13,909.96, down by 278.9 points or by 1.97%. The major losers were Canara Bank(2.9%), Bank Of Baroda (1.99%), Bank Of India (1.48%), H D F C Bank (1.03%) and Federal Bank (0.8%).
On the other hand, the Consumer Durables index was at 7,161.82, up by 16.85 points or by 0.24%. The major gainers were Videocon Industries (7.41%), Rajesh Exports (0.84%) and Gitanjali Gems (0.12%).
Market Breadth
Market breadth was negative with 824 advances against 1,899 declines.
Value and Volume Toppers
Shriram Transport Finance Company topped the value chart on the BSE with a turnover of Rs. 1,022.41 million. It was followed by United Spirits (Rs. 504.39 million), State Bank Of India (Rs. 441.77 million) and Tata Steel (Rs. 312.76 million).
The volume chart was led by Kingfisher Airlines with trades of over 9.19 million shares. It was followed by Suzlon Energy (4.33 million), Unitech (3.91 million) and Spicejet (3.28 million).
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