Indian equities extended losses as Railway Minister Pawan Bansal's maiden Budget failed to impress the Street. Nifty slipped below 5,800 mark for the first time in three months.
At 2.26 pm, the Sensex was trading down 225.53 points or 1.17% at 19,106.16 with 24 components falling. Meanwhile, the Nifty was trading lower by 66.65 points or 1.14% at 5,788.10 with 43 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 41.03 points or 0.21% at 19,290.66, while the broad based NSE Nifty started with a fall of 16.45 points or 0.28%, at 5,838.30.
Sensex Movers
Reliance Industries contributed fall of
46.65 points in the Sensex. It was followed by I C I C I Bank (42
points), Oil & Natural Gas Corporation (32.43 points), Housing
Development Finance Corporation (30.99 points) and Tata Motors
(23.32 points).
However, I T C contributed rise of 14.78 points in the Sensex. It was followed by Infosys (14.3 points), Tata Consultancy Services (12.53 points), NTPC (4.07 points) and Hindustan Unilever (1.84 points).
Major gainers in the 30-share index were NTPC (1.40%), Tata Consultancy Services (1.26%), Infosys (0.89%), I T C (0.79%), Hindustan Unilever (0.32%), and Bharti Airtel (0.24%).
On the other hand, Oil & Natural Gas Corporation (4.02%), Tata Motors (3.61%), Hindalco Industries (3.37%), Bajaj Auto (2.95%), I C I C I Bank (2.87%), and Coal India (2.78%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.63% and -2.14% respectively.The major losers in the BSE Midcap were A I A Engineering (3.02%), Aban Offshore (2.96%), Alstom India (2.44%), Allcargo Logistics (1.95%) and Allahabad Bank (1.3%).The major losers in the BSE Smallcap were Aanjaneya Lifecare (20%), A2Z Maintenance & Engineering Services (2.95%), Aarti Industries (0.74%), Styrolution ABS (India) (0.65%) and Trident (0.59%).
Sectors in Limelight
The Oil & Gas index was at 8,733.50, down by 231.29 points or by 2.58%. The major losers were Indian Oil Corporation (3.46%), Hindustan Petroleum Corporation (2.69%), Bharat Petroleum Corporation (2.39%), G A I L (India) (0.89%) and Cairn India (0.28%).
The Auto index was at 10,524.39, down by 260.48 points or by 2.42%. The major losers were Ashok Leyland (3%), Bajaj Auto (2.95%), Mahindra & Mahindra (2.19%), Bharat Forge (1.58%) and Hero Motocorp (1.22%).
On the other hand, the IT index was at 6,762.42, up by 34.60 points or by 0.51%. The major gainers were Tata Consultancy Services (1.26%), Infosys (0.89%) and Oracle Financial Services Software (0.52%).
Market Breadth
Market breadth was negative with 679 advances against 2,081 declines.
Value and Volume Toppers
Power Grid Corporation Of India topped the value chart on the BSE with a turnover of Rs. 628.01 million. It was followed by Zee Entertainment Enterprises (Rs. 537.76 million), State Bank Of India (Rs. 520.24 million) and Jet Airways (India) (Rs. 507.84 million).
The volume chart was led by Power Grid Corporation Of India with trades of over 5.66 million shares. It was followed by Cals Refineries (3.66 million), Suzlon Energy (3.52 million) and Indiabulls Infrastructure and Power (3.17 million).
Post a Comment