Indianmarketsdropped further towards closingon Thursday as higher than expected inflation reduces possibility of aggressive monetary easing by the RBI on June 18. At 2.51 p.m, the Sensex was trading down 157.38 points or 0.93% at 16,723.13 with 26 components falling. Meanwhile, the Nifty was trading lower by 55.90 points or 1.09% at 5,065.55 with 42 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 23.28 points or 0.14% at 16,857.23, while the broad based NSE Nifty started with a fall of 16.35 points or 0.32%, at 5,105.10.
Sensex Movers
I C I C I Bank contributed fall of
35.89 points in the Sensex. It was followed by Larsen & Toubro
(31.94 points), Tata Motors (23.7 points), State Bank Of India
(18.41 points) and H D F C Bank (12.98 points).
However, Infosys contributed rise of 15.15 points in the Sensex. It was followed by I T C (10.5 points), ACC (0.98 points), Tata Consultancy Services (0.58 points) and Sterlite Industries (India) (0.35 points).
Biggest gainers in the 30-share index were Infosys Technologies (1.09%), I T C (0.68%), Cipla (0.54%), and Tata Consultancy Services (0.07%).
On the other hand, Tata Motors (4.46%), Larsen & Toubro (3.75%), NTPC (3.50%), I C I C I Bank (3.18%), Tata Power Company (2.81%), and State Bank Of India (2.67%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 5937.31 down by 63.63 points or by 1.06%.
The major losers were Alstom Projects India (2.32%), Aban Offshore (2.17%), A I A Engineering (1.69%), A B G Shipyard (0.84%) and Alok Industries (0.27%).
The BSE Smallcap index was at 6328.56 down by 36.74 points or by 0.58%.
The major losers were A2Z Maintenance & Engineering Services (2.88%), Adhunik Metaliks (1.79%), Trident (1.04%), Action Construction Equipment (0.69%) and Aarti Industries (0.21%).
Sectors in Limelight
The Capital Goods index was at 9,407.53, down by 244.12 points or by 2.53%. The major losers were Alstom Projects India (2.32%), A I A Engineering (1.69%), BEML (1.67%), Bharat Heavy Electricals (1.38%) and A B B (0.6%).
The Bankex index was at 11,390.48, down by 276.71 points or by 2.37%. The major losers were Canara Bank(3.89%), Bank Of Baroda (3.02%), Federal Bank (1.85%), Bank Of India (1.78%) and H D F C Bank (1.09%).
The Realty index was at 1,605.66, down by 36.64 points or by 2.23%. The major losers were Indiabulls Real Estate (5.55%), Anant Raj Industries (4.19%), D L F (1.94%), Godrej Properties (1.9%) and D B Realty (1.55%).
On the other hand, the IT index was at 5,708.21, up by 25.44 points or by 0.45%. The major gainers were Tech Mahindra (1.99%), Hexaware Technologies (1.84%), CORE Education and Technologies (1.56%), Infosys (1.09%) and Tata Consultancy Services (0.07%).
Market Breadth
Market breadth was negative with 965 advances against 1,708 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,328.22 million. It was followed by Larsen & Toubro (Rs. 628.86 million), Tata Motors (Rs. 389.19 million) and Infosys (Rs. 324.11 million).
The volume chart was led by Lanco Infratech with trades of over 4.49 million shares. It was followed by Kingfisher Airlines (3.99 million), Housing Development and Infrastructure (3.29 million) and Spicejet (3.09 million).
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