Indian equities turned negative in the post noon trade on Monday as realty, consumer durables and capital goods witnessed heavyselling pressure. Select mid-cap stocks crashed led by Core Projects, Welspun Corp, Aanjaneya Lifecare, ABG Shipyard, Eros Int"l and six other stocks.
At 1.16 pm, the Sensex was trading down 41.55 points or 0.22% at 19,275.46 with 22 components falling. Meanwhile, the Nifty was trading lower by 13.40 points or 0.23% at 5,836.90 with 34 components falling.
The 30-share benchmark index, BSE Sensex opened with a gain of 48.32 points or 0.25% at 19,365.33, while the broad based NSE Nifty started with a rise of 20.25 points or 0.35%, at 5,870.55.
Sensex Movers
Reliance Industries contributed fall of
19.09 points in the Sensex. It was followed by Oil & Natural
Gas Corporation (17.45 points), Larsen & Toubro (17.2 points),
I C I C I Bank (11.96 points) and I T C (9.93 points).
However, Infosys contributed rise of 38.23 points in the Sensex. It was followed by Tata Motors (11.22 points), Tata Consultancy Services (7.48 points), State Bank Of India (4.02 points) and Wipro (3.47 points).
Biggest gainers in the 30-share index were Infosys (2.41%), Tata Motors (1.67%), Wipro (1.22%), Tata Consultancy Services (0.76%), State Bank Of India (0.58%), and Bharat Heavy Electricals (0.39%).
On the other hand, Oil & Natural Gas Corporation (2.18%), Coal India (2.15%), Larsen & Toubro (1.85%), Cipla (1.76%), Sterlite Industries (India) (1.54%), and Reliance Industries (1.09%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.48% and -1.53% respectively.The major losers in the BSE Midcap were CORE Education and Technologies (56.92%), A B G Shipyard (19.99%), A I A Engineering (2.29%), Allahabad Bank (2.1%) and Aban Offshore (2%).The major losers in the BSE Smallcap were Aanjaneya Lifecare (20%), Action Construction Equipment (4.83%), A2Z Maintenance & Engineering Services (3.46%), Aarti Industries (1.38%) and Trident (0.12%).
Sectors in Limelight
The Realty index was at 2,061.86, down by 51.26 points or by 2.43%. The major losers were Anant Raj (3.68%), Housing Development and Infrastructure (3.39%), Indiabulls Real Estate (3.04%), D L F (2.95%) and Godrej Properties (0.93%).
The Consumer Durables index was at 6,978.12, down by 158.36 points or by 2.22%. The major losers were Symphony (2.11%), Titan Industries (1.76%), Bajaj Electricals (1.24%), Gitanjali Gems (0.56%) and Blue Star (0.29%).
On the other hand, the IT index was at 6,707.41, up by 102.33 points or by 1.55%. The major gainers were Mphasis (3.21%), Infosys (2.41%), H C L Technologies (1.29%), Wipro (1.22%) and Tata Consultancy Services (0.76%).
Market Breadth
Market breadth was negative with 816 advances against 1,760 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 433.65 million. It was followed by CORE Education and Technologies (Rs. 405.84 million), Welspun Corp (Rs. 331.58 million) and Infosys (Rs. 292.89 million).
The volume chart was led by Welspun Corp with trades of over 4.98 million shares. It was followed by I F C I (4.64 million), Alok Industries (4.38 million) and CORE Education and Technologies (3.19 million).
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