Indian equitiesare still trading flat with negative bias led
byintense profit booking seen in FMCG, metals and consumer durables
stocks, while auto stocks traded higher.At 12.03 p.m., the Sensex
was trading down 36.93 points or 0.21% at 17,691.27 with 17
components falling. Meanwhile, the Nifty was trading lower by 2.65
points or 0.05% at 5,377.70 with 29 components falling.
The 30-share benchmark index, BSE Sensex opened with a gain of
24.02 points or 0.14% at 17,752.22, while the broad based NSE Nifty
started with a rise of 5.60 points or 0.10%, at 5,385.95.
I T C contributed fall of 52.07 points in the Sensex. It was
followed by H D F C Bank (11.65 points), Oil & Natural Gas
Corporation (6.47 points), Infosys (6.4 points) and Tata
Consultancy Services (5.73 points).
However, Housing Development Finance Corporation contributed
rise of 21.69 points in the Sensex. It was followed by Reliance
Industries (16.26 points), Larsen & Toubro (8.2 points), Hero
Motocorp (6.54 points) and Mahindra & Mahindra (6.48
Biggest gainers in the 30-share index were Hero Motocorp
(2.89%), Cipla (2.46%), Housing Development Finance Corporation
(1.78%), Mahindra & Mahindra (1.60%), Tata Motors (1.21%), and
Tata Power Company (1.04%).
On the other hand, I T C (2.99%), Sterlite Industries (India)
(2.00%), Wipro (1.91%), Hindalco Industries (1.79%), Tata Steel
(1.61%), and G A I L (India) (1.31%) were the biggest losers in the
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.34% and 0.23% respectively. The major
gainers in the BSE Midcap were Amara Raja Batteries (9.4%), Alstom
India (2.9%), A I A Engineering (1.27%), Allcargo Logistics (0.61%)
and CORE Education and Technologies (0.33%).The major gainers in
the BSE Smallcap were Aanjaneya Lifecare (5.73%), A B G
Infralogistics (2.63%), Action Construction Equipment (1.46%),
Styrolution ABS (India) (0.39%) and A2Z Maintenance &
Engineering Services (0.06%).
Sectors in Limelight
The Auto index was at 9,516.84, up by 94.77 points or by 1.01%.
The major gainers were Hero Motocorp (2.89%), Mahindra &
Mahindra (1.6%), Exide Industries (0.98%), Bajaj Auto (0.27%) and
Bharat Forge (0.23%).
The Capital Goods index was at 10,123.68, up by 71.55 points or
by 0.71%. The major gainers were Alstom India (2.9%), A I A
Engineering (1.27%), BEML (1.07%), Bharat Heavy Electricals (0.71%)
and Bharat Electronics (0.24%).
The FMCG index was at 5,153.08, down by 95.18 points or by
1.81%. The major losers were I T C (2.99%), Dabur India (2.08%),
Jubilant FoodWorks (1.24%), Hindustan Unilever (0.72%) and
Colgate-Palmolive (India) (0.44%).
The Metal index was at 10,494.57, down by 142.57 points or by
1.34%. The major losers were Hindalco Industries (1.79%), Jindal
Steel & Power (1.24%), Hindustan Zinc (1.16%), Coal India
(0.89%) and Bhushan Steel (0.07%).
Market breadth was negative with 1,184 advances against 1,214
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 441.40 million. It was followed by United Spirits
(Rs. 313.47 million), Amara Raja Batteries (Rs. 201.19 million) and
Jain Irrigation Systems (Rs. 190.68 million).
The volume chart was led by Cals Refineries with trades of over
6.11 million shares. It was followed by Kingfisher Airlines (4.25
million), Spicejet (2.40 million) and Jain Irrigation Systems (2.34