Indian markets turned negative in noon trade on Monday led by RIL, ICICI Bank and Tata Motors.In sectoral indices, BSE Oil & Gasand Realty led the fall. Meanwhile, BSE Mid and Small-cap indices outperformed thebenchmark indices.
At 11.57 a.m., the Sensex was trading down 57.89 points or 0.33% at 17,371.67 with 20 components falling. Meanwhile, the Nifty was trading lower by 7.45 points or 0.14% at 5,251.05 with 36 components falling.
The 30-share benchmark index, BSE Sensex opened with a gain of 36.04 points or 0.21% at 17,465.60, while the broad based NSE Nifty started with a rise of 18.00 points or 0.34%, at 5,276.50.
Sensex Movers
Reliance Industries contributed fall of 18.3 points in the Sensex. It was followed by ICICI Bank (15.78 points), Tata Motors (6.2 points), Hindustan Unilever (6.05 points) and Oil & Natural Gas Corporation (5 points).
However, NTPC contributed rise of 4.01 points in the Sensex. It was followed by Infosys (3.33 points), Maruti Suzuki India (1.83 points), Housing Development Finance Corporation (1.53 points) and Bharat Heavy Electricals (1.27 points).
Major gainers in the 30-share index were Bajaj Auto (2.54%), Cipla (1.28%), NTPC (1.25%), Maruti Suzuki India (0.92%), Bharat Heavy Electricals (0.56%), and Infosys (0.24%).
On the other hand, Jindal Steel & Power (1.79%), Tata Power Company (1.61%), I C I C I Bank (1.24%), Tata Motors (1.16%), Reliance Industries (1.14%), and Tata Steel (1.05%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.20% and 0.21% respectively. The major gainers in the BSE Midcap were A I A Engineering (1.67%), A B G Shipyard (1.47%), Allcargo Logistics (1.31%), CORE Education and Technologies (0.51%) and Alstom India (0.04%).The major gainers in the BSE Smallcap were Advanta India (4.35%), Aanjaneya Lifecare (2.46%), Styrolution ABS (India) (1.5%), Trident (1.27%) and Action Construction Equipment (0.82%).
Sectors in Limelight
The Consumer Durables index was at 6,257.69, up by 16.65 points or by 0.27%. The major gainers were Gitanjali Gems (1.53%), Blue Star (0.91%), Bajaj Electricals (0.74%), Whirlpool Of India (0.27%) and Titan Industries (0.18%).
However, the Oil & Gas index was at 8,141.76, down by 69.77 points or by 0.85%. The major losers were Hindustan Petroleum Corporation (2.14%), Gujarat State Petronet (1.77%), Bharat Petroleum Corporation (1.56%), Indian Oil Corporation (1%) and G A I L (India) (0.33%).
The Realty index was at 1,501.58, down by 9.33 points or by 0.62%. The major losers were Anant Raj Industries (2.78%), D B Realty (2.26%), Indiabulls Real Estate (1.5%), Godrej Properties (0.83%) and D L F (0.82%).
Market Breadth
Market breadth was positive with 1,301 advances against 1,132 declines.
Value and Volume Toppers
JSW Steel topped the value chart on the BSE with a turnover of Rs. 319.52 million. It was followed by United Spirits (Rs. 268.61 million), State Bank Of India (Rs. 247.88 million) and Jain Irrigation Systems (Rs. 214.29 million).
The volume chart was led by Cals Refineries with trades of over 8.59 million shares. It was followed by Jain Irrigation Systems (3.45 million), Kingfisher Airlines (1.98 million) and Birla Cotsyn (India) (1.76 million).
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