Indian markets ended today"s session on a lower note led by metal, power and oil & gas stocks. Though higher-than-expected, GDP growth data pegged at 5.5% failed to impress the general market sentiment. Both Sensex and Nifty dropped the most in a month.
At the close, the benchmark 30-share index, BSE Sensex declined 160.89 points or 0.92% at 17,380.75 with 25 components registering drop. Meanwhile, the broad based NSE Nifty fell by 56.55 points or 1.06% at 5,258.50 with 44 components registering drop.Sensex Movers
Reliance Industries contributed fall of 35.22 points in the Sensex. It was followed by Tata Consultancy Services (11.66 points), ICICI Bank (11.63 points), ITC (11.19 points) and Infosys (10.22 points).
However, Housing Development Finance Corporation contributed rise of 16.4 points in the Sensex. It was followed by Bharti Airtel (4.63 points), State Bank Of India (1.52 points), Oil & Natural Gas Corporation (1.16 points) and Grasim Industries (1.04 points).
Biggest gainers in the 30-share index were Cipla (1.64%), Housing Development Finance Corporation (1.31%), Bharti Airtel (1.22%), State Bank Of India (0.26%), and Oil & Natural Gas Corporation (0.16%).
On the other hand, Coal India (2.64%), Hindalco Industries (2.21%), Reliance Industries (2.19%), Bharat Heavy Electricals (2.10%), Hero Motocorp (2.02%), and Sterlite Industries (India) (1.99%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.05% and 0.07% respectively. The major gainers in the BSE Midcap were Alok Industries (3.03%), Allcargo Logistics (1.7%), Amtek India (1.08%), Aban Offshore (1.03%) and CORE Education and Technologies (0.82%).The major gainers in the BSE Smallcap were Advanta India (7.56%), Aanjaneya Lifecare (4.39%), Action Construction Equipment (3.95%), Adhunik Metaliks (1.8%) and Ahluwalia Contracts (India) (1.48%).
Sectors in Limelight
The Metal index was at 9,670.50, down by 136.04 points or by 1.39%. The major losers were Coal India (2.64%), Hindalco Industries (2.21%), Bhushan Steel (0.45%), JSW Steel (0.32%) and Jindal Steel & Power (0.07%).
The Power index was at 1,868.40, down by 25.21 points or by 1.33%. The major losers were G M R Infrastructure (4.7%), Bharat Heavy Electricals (2.1%), NTPC (1.9%), JSW Energy (1.72%) and Reliance Infrastructure (0.48%).
The Oil & Gas index was at 8,181.45, down by 108.5 points or by 1.31%. The major losers were Hindustan Petroleum Corporation (3.43%), Bharat Petroleum Corporation (2.94%), Gujarat State Petronet (2.43%), Cairn India (0.76%) and G A I L (India) (0.13%).
On the other hand, the HC index was at 7,472.52, up by 0.69 points or by 0.01%. The major gainers were Biocon (4.49%), Cadila Healthcare (2.31%), Cipla (1.64%), Aurobindo Pharma (1.46%) and Glaxo SmithKline Pharmaceuticals (0.27%).
Market Breadth
Market breadth was negative with 1,405 advances against 1,451 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 940.75 million. It was followed by United Spirits (Rs. 794.61 million), ICICI Bank (Rs. 467.39 million) and Tata Steel (Rs. 431.89 million).
The volume chart was led by Kingfisher Airlines with trades of over 7.34 million shares. It was followed by Mahanagar Telephone Nigam (6.82 million), Spicejet (5.38 million) and I F C I (4.52 million).
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