Indian markets continue to trade lower in post noon trade on Monday due to intense selling activity seen in consumer durables, metal, capital goods and FMCG stocks. At 13.09 pm, the Sensex was trading down 83.88 points or 0.44% at 18,834.64 with 19 components falling. Meanwhile, the Nifty was trading lower by 30.15 points or 0.53% at 5,689.55 with 36 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 points or 0.26%, at 5,704.70.
Sensex Movers
Larsen & Toubro contributed fall of
20.41 points in the Sensex. It was followed by I T C (19.71
points), Hindustan Unilever (10.42 points), Tata Steel (10.16
points) and Housing Development Finance Corporation (9.26
points).
However, Reliance Industries contributed rise of 5.44 points in the Sensex. It was followed by Tata Consultancy Services (4.41 points), H D F C Bank (3.93 points), State Bank Of India (3.58 points) and Sun Pharmaceutical Industries (1.23 points).
Major gainers in the 30-share index were Dr Reddy"S Laboratories (1.53%), State Bank Of India (0.53%), Tata Consultancy Services (0.45%), Sun Pharmaceutical Industries (0.32%), Reliance Industries (0.31%), and H D F C Bank (0.27%).
On the other hand, Tata Steel (3.57%), Hindalco Industries (3.33%), Jindal Steel & Power (2.98%), Sterlite Industries (India) (2.84%), Bajaj Auto (2.44%), and Larsen & Toubro (2.24%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.12% and -1.61% respectively.The major losers in the BSE Midcap were Aban Offshore (3.04%), Alstom India (2.77%), A B G Shipyard (2.27%), Allahabad Bank (0.69%) and A I A Engineering (0.19%).The major losers in the BSE Smallcap were Aanjaneya Lifecare (5%), A2Z Maintenance & Engineering Services (2.99%), Action Construction Equipment (1.75%), Trident (1.36%) and Aarti Industries (0.36%).
Sectors in Limelight
The Consumer Durables index was at 7,248.20, down by 153.26 points or by 2.07%. The major losers were Rajesh Exports (2.97%), Whirlpool Of India (2.94%), Bajaj Electricals (2.7%), Blue Star (1.43%) and Symphony (0.14%).
The Metal index was at 8,949.29, down by 175.51 points or by 1.92%. The major losers were Hindalco Industries (3.33%), Jindal Steel & Power (2.98%), Hindustan Zinc (1.78%), Coal India (0.64%) and Bhushan Steel (0.2%).
The Capital Goods index was at 9,164.58, down by 168.75 points or by 1.81%. The major losers were BEML (3.7%), Alstom India (2.77%), Bharat Heavy Electricals (0.4%), A B B (0.24%) and A I A Engineering (0.19%).
On the other hand, the Bankex index was at 13,253.33, up by 11.46 points or by 0.09%. The major gainers were Bank Of India(1.05%), Canara Bank (0.3%), H D F C Bank (0.27%), Bank Of Baroda (0.06%) and I C I C I Bank (0.02%).
Market Breadth
Market breadth was negative with 714 advances against 1,844 declines.
Value and Volume Toppers
NHPC topped the value chart on the BSE with a turnover of Rs. 1,727.81 million. It was followed by United Spirits (Rs. 361.57 million), State Bank Of India (Rs. 351.54 million) and Jet Airways (India) (Rs. 246.16 million).
The volume chart was led by NHPC with trades of over 84.70 million shares. It was followed by Suzlon Energy (4.12 million), CORE Education and Technologies (2.92 million) and Unitech (1.65 million).
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