Indian markets dropped in early trade on Thursday erasing earlier gains. The 30-share benchmark index, BSE Sensex opened flat with a decline of 11.70 points or 0.07% at 17,245.68, while the broad based NSE Nifty started with a fall of 7.40 points or 0.14%, at 5,233.10.
At 9.18 a.m, the Sensex was trading down 14.21 points or 0.08% at 17,243.17 with 21 components falling. Meanwhile, the Nifty was trading lower by 7.40 points or 0.14% at 5,233.10 with 39 components falling.
Sensex Movers
Reliance Industries contributed fall of
7.36 points in the Sensex. It was followed by H D F C Bank (5.44
points), State Bank Of India (5.05 points), Tata Motors (4.94
points) and Hero Motocorp (4.82 points).
However, I T C contributed rise of 10.41 points in the Sensex. It was followed by Hindustan Unilever (3.03 points), Tata Consultancy Services (1.7 points), NTPC (1.26 points) and Bharti Airtel (0.75 points).
Major gainers in the 30-share index were I T C (0.62%), Hindustan Unilever (0.50%), NTPC (0.41%), Tata Consultancy Services (0.20%), Bharti Airtel (0.15%), and Jindal Steel & Power (0.13%).
On the other hand, Hero Motocorp (2.00%), Tata Motors (1.01%), Coal India (1.00%), Bajaj Auto (0.89%), Sterlite Industries (India) (0.85%), and State Bank Of India (0.80%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.07% and 0.09% respectively. The major gainers in the BSE Midcap were Hexaware Technologies (1%), Aurobindo Pharma (0.75%), Apollo Tyres (0.64%), Bajaj Hindusthan (0.63%) and Delta Corp (0.17%).The major gainers in the BSE Smallcap were Alembic Pharmaceuticals (1.37%), Fairfield Atlas (0.73%), Amar Remedies (0.55%), Adhunik Metaliks (0.49%) and Reliance MediaWorks (0.27%).
Sectors in Limelight
The Auto index was at 9,055.27, down by 53.83 points or by 0.59%. The major losers were Hero Motocorp (2%), Bajaj Auto (0.89%), Maruti Suzuki India (0.62%), Mahindra & Mahindra (0.37%) and Ashok Leyland (0.23%).
The Metal index was at 10,352.51, down by 52.35 points or by 0.5%. The major losers were Coal India (1%), Sesa Goa (0.91%), Hindalco Industries (0.76%), Bhushan Steel (0.64%) and JSW Steel (0.22%).
The Capital Goods index was at 9,658.43, down by 44.51 points or by 0.46%. The major losers were Siemens (0.76%), Bharat Heavy Electricals (0.57%), Larsen & Toubro (0.55%), Alstom India (0.13%) and Bharat Electronics (0.01%).
On the other hand, the FMCG index was at 5,097.69, up by 30.96 points or by 0.61%. The major gainers were Colgate-Palmolive (India) (0.82%), I T C (0.62%), Hindustan Unilever (0.5%), Dabur India (0.41%) and Jubilant FoodWorks (0.19%).
Market Breadth
Market breadth was positive with 328 advances against 185 declines.
Value and Volume Toppers
N I I T Technologies topped the value chart on the BSE with a turnover of Rs. 1,125.15 million. It was followed by Marmagoa Steels (Rs. 32.75 million), State Bank Of India (Rs. 10.17 million) and Orissa Minerals Development Company (Rs. 8.65 million).
The volume chart was led by Marmagoa Steels with trades of over 12.50 million shares. It was followed by N I I T Technologies (4.11 million), Cals Refineries (3.23 million) and Manappuram Finance (0.22 million).
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