Indian markets are trading off from day's low towards the close. Blue chip stocks- RIL, HDFC Bank and Bharti Airtel led the recovery. At 3 p.m., the Sensex was trading down 15.15 points or 0.08% at 18,903.37 with 18 components falling. Meanwhile, the Nifty was trading lower by 17.20 points or 0.30% at 5,702.50 with 34 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 21.54 points in the Sensex. It was followed by Hindustan Unilever (12.94 points), Tata Steel (11.13 points), Oil & Natural Gas Corporation (8.8 points) and Hindalco Industries (6.58 points).
However, H D F C Bank contributed rise of 16.05 points in the Sensex. It was followed by Reliance Industries (14.65 points), Bharti Airtel (8.28 points), Tata Consultancy Services (5.7 points) and Tata Motors (5.01 points).
Major gainers in the 30-share index were Bharti Airtel (1.70%), Dr Reddy's Laboratories (1.50%), H D F C Bank (1.16%), Reliance Industries (0.86%), Tata Motors (0.78%), and Coal India (0.73%).
On the other hand, Hindalco Industries (4.19%), Tata Steel (4.09%), Jindal Steel & Power (3.93%), Sterlite Industries (India) (2.84%), Larsen & Toubro (2.36%), and Hindustan Unilever (2.25%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.17% and -1.80% respectively.The major losers in the BSE Midcap were Aban Offshore (3.85%), A B G Shipyard (2.32%), Alstom India (2.02%), Allahabad Bank (0.36%) and A I A Engineering (0.19%).The major losers in the BSE Smallcap were Aanjaneya Lifecare (5%), A2Z Maintenance & Engineering Services (3.52%), Trident (1.85%), Action Construction Equipment (1.83%) and Aarti Industries (0.48%).
Sectors in Limelight
The Metal index was at 8,913.38, down by 211.42 points or by 2.32%. The major losers were Hindalco Industries (4.19%), Jindal Steel & Power (3.93%), JSW Steel (3.66%), Hindustan Zinc (2.62%) and NMDC (1.88%).
The Realty index was at 1,890.96, down by 40.44 points or by 2.09%. The major losers were Anant Raj (4.54%), Indiabulls Real Estate (4.43%), Oberoi Realty (3.55%), D L F (3.18%) and Housing Development and Infrastructure (0.34%).
The Consumer Durables index was at 7,255.64, down by 145.82 points or by 1.97%. The major losers were Bajaj Electricals (2.76%), Rajesh Exports (2.66%), Whirlpool Of India (2.04%), Blue Star (1.34%) and Gitanjali Gems (0.2%).
On the other hand, the Bankex index was at 13,292.94, up by 51.07 points or by 0.39%. The major gainers were H D F C Bank (1.16%), Indusind Bank (0.36%), Bank Of Baroda (0.32%), I C I C I Bank (0.29%) and Kotak Mahindra Bank (0.1%).
Market Breadth
Market breadth was negative with 805 advances against 1,975 declines.
Value and Volume Toppers
NHPC topped the value chart on the BSE with a turnover of Rs. 1,847.05 million. It was followed by State Bank Of India (Rs. 467.76 million), United Spirits (Rs. 452.50 million) and Jet Airways (India) (Rs. 360.30 million).
The volume chart was led by NHPC with trades of over 93.52 million shares. It was followed by Suzlon Energy (8.92 million), I F C I (4.26 million) and CORE Education and Technologies (3.46 million).
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