Indian markets are trading on a subdued note amid mixed Asian stocks. Auto, banking andmetal stocks traded marginally lower, while capital goods andFMCG gained.
At 11.08 a.m, the Sensex was trading down 70.74 points or 0.41% at 17,186.64 with 23 components falling. Meanwhile, the Nifty was trading lower by 22.50 points or 0.43% at 5,218.00 with 37 components falling.
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.
Sensex Movers
H D F C Bank contributed fall of 18.74 points in the Sensex. It was followed by Housing Development Finance Corporation (10.08 points), Tata Motors (9.31 points), Oil & Natural Gas Corporation (7.91 points) and State Bank Of India (7.56 points).
However, NTPC contributed rise of 5.12 points in the Sensex. It was followed by Bharti Airtel (4.38 points), I T C (4.21 points), Larsen & Toubro (1.78 points) and Bharat Heavy Electricals (0.59 points).
Major gainers in the 30-share index were NTPC (1.68%), Jindal Steel & Power (0.96%), Bharti Airtel (0.89%), Bharat Heavy Electricals (0.27%), I T C (0.25%), and Larsen & Toubro (0.20%).
On the other hand, Tata Motors (1.91%), Sterlite Industries (India) (1.75%), Tata Power Company (1.46%), H D F C Bank (1.41%), Coal India (1.29%), and Tata Steel (1.25%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.11% and 0.14% respectively. The major gainers in the BSE Midcap were A I A Engineering (0.78%), Apollo Hospitals Enterprise (0.45%), Aban Offshore (0.45%), Amtek India (0.38%) and Amara Raja Batteries (0.35%).The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (7.4%), Trident (2.7%), Styrolution ABS (India) (1.38%), Action Construction Equipment (1.29%) and Reliance MediaWorks (0.36%).
Sectors in Limelight
The Auto index was at 9,028.93, down by 80.17 points or by 0.88%. The major losers were Ashok Leyland (0.91%), Bharat Forge (0.66%), Bajaj Auto (0.56%), Hero Motocorp (0.43%) and Cummins India (0.42%).
The Bankex index was at 11,871.02, down by 80.5 points or by 0.67%. The major losers were Canara Bank(1.84%), Indusind Bank (1.54%), H D F C Bank (1.41%), Bank Of Baroda (1.08%) and I C I C I Bank (0.04%).
The Metal index was at 10,336.64, down by 68.22 points or by 0.66%. The major losers were Coal India (1.29%), Sesa Goa (0.96%), NMDC (0.92%), Hindalco Industries (0.88%) and Bhushan Steel (0.11%).
On the other hand, the IPO index was at 1,472.68, up by 4.99 points or by 0.34%. The major gainers were Bedmutha Industries (3.39%), Claris Lifesciences (0.62%), BS TransComm (0.52%), Commercial Engineers and Body Builders Company (0.48%) and Career Point (0.45%).
Market Breadth
Market breadth was positive with 1,110 advances against 930 declines.
Value and Volume Toppers
N I I T Technologies topped the value chart on the BSE with a turnover of Rs. 1,522.35 million. It was followed by NTPC (Rs. 1,192.44 million), State Bank Of India (Rs. 204.73 million) and Orissa Minerals Development Company (Rs. 121.40 million).
The volume chart was led by NTPC with trades of over 7.45 million shares. It was followed by N I I T Technologies (5.36 million), Cals Refineries (4.29 million) and Spicejet (1.39 million).
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