Indian markets are trading lower in the noon trade on Monday led by losses seen in metals, consumer durables, capital goods and auto stocks. BSE Midcap and Smallcap index underperformed their larger counterparts. At 12.04 p.m., the Sensex was trading down 102.60 points or 0.54% at 18,815.92 with 20 components falling. Meanwhile, the Nifty was trading lower by 39.30 points or 0.69% at 5,680.40 with 37 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 2.38 points or 0.01% at 18,920.90, while the broad based NSE Nifty started with a fall of 15.00 points or 0.26%, at 5,704.70.
Sensex Movers
Larsen & Toubro contributed fall of 18.8 points in the Sensex. It was followed by I T C (16.2 points), Infosys (15.27 points), Housing Development Finance Corporation (15.15 points) and Tata Steel (10.64 points).
However, Reliance Industries contributed rise of 9.78 points in the Sensex. It was followed by Sun Pharmaceutical Industries (3.47 points), Tata Consultancy Services (2.84 points), State Bank Of India (0.91 points) and Reliance Communications (0.76 points).
Major gainers in the 30-share index were Dr Reddy's Laboratories (1.39%), Sun Pharmaceutical Industries (0.90%), Reliance Industries (0.56%), Tata Consultancy Services (0.29%), State Bank Of India (0.13%), and Tata Power Company (0.05%).
On the other hand, Tata Steel (3.74%), Sterlite Industries (India) (3.22%), Jindal Steel & Power (3.02%), Hindalco Industries (2.78%), Bajaj Auto (2.50%), and Larsen & Toubro (2.06%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.01% and -1.43% respectively.The major losers in the BSE Midcap were Aban Offshore (3.06%), A B G Shipyard (1.79%), Alstom India (1.74%), Allahabad Bank (0.95%) and A I A Engineering (0.19%).The major losers in the BSE Smallcap were Aanjaneya Lifecare (5%), A2Z Maintenance & Engineering Services (3.35%), Trident (1.36%), Styrolution ABS (India) (0.91%) and Aarti Industries (0.12%).
Sectors in Limelight
The Metal index was at 8,928.52, down by 196.28 points or by 2.15%. The major losers were Jindal Steel & Power (3.02%), Hindalco Industries (2.78%), JSW Steel (2.25%), Hindustan Zinc (1.99%) and Coal India (1.34%).
The Consumer Durables index was at 7,254.02, down by 147.44 points or by 1.99%. The major losers were Rajesh Exports (2.97%), Whirlpool Of India (2.94%), Bajaj Electricals (2.89%), Blue Star (1.43%) and Symphony (0.35%).
The Capital Goods index was at 9,172.09, down by 161.24 points or by 1.73%. The major losers were BEML (3.36%), Alstom India (1.74%), Bharat Heavy Electricals (0.67%), Bharat Electronics (0.28%) and A I A Engineering (0.19%).
On the other hand, the Oil & Gas index was at 8,658.04, up by 13.47 points or by 0.16%. The major gainers were Indian Oil Corporation (1.61%), Bharat Petroleum Corporation (0.91%), Reliance Industries (0.56%), Oil India (0.31%) and Oil & Natural Gas Corporation (0.05%).
Market Breadth
Market breadth was negative with 700 advances against 1,703 declines.
Value and Volume Toppers
NHPC topped the value chart on the BSE with a turnover of Rs. 1,638.98 million. It was followed by United Spirits (Rs. 315.84 million), State Bank Of India (Rs. 257.99 million) and Zee Entertainment Enterprises (Rs. 229.90 million).
The volume chart was led by NHPC with trades of over 79.18 million shares. It was followed by Suzlon Energy (3.77 million), CORE Education and Technologies (2.49 million) and Unitech (1.27 million).
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