Indian equities are still trading in the negative terrain. IT, teck and banking stocks edged lower, while FMCG and oil & gas stocks witnessed marginal buying. Both Sensex and Nifty were trading below 1-month low.
At 11.55 a.m., the Sensex was trading down 53.01 points or 0.30% at 17,331.39 with 22 components falling. Meanwhile, the Nifty was trading lower by 13.65 points or 0.26% at 5,240.10 with 35 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a decline of 5.72 points or 0.03% at 17,378.68, while the broad based NSE Nifty started with a fall of 4.60 points or 0.09%, at 5,249.15.
Sensex Movers
Housing Development Finance Corporation contributed fall of 24.78 points in the Sensex. It was followed by ICICI Bank (11.78 points), Infosys (11.18 points), Tata Consultancy Services (7.29 points) and Oil & Natural Gas Corporation (7.11 points).
However, Reliance Industries contributed rise of 17.42 points in the Sensex. It was followed by Hindustan Unilever (4.59 points), Tata Motors (3.27 points), ITC (2.9 points) and Tata Steel (2.59 points).
Major gainers in the 30-share index were Reliance Industries (1.08%), Tata Steel (0.89%), Dr Reddy's Laboratories (0.88%), Hindustan Unilever (0.70%), Tata Motors (0.63%), and State Bank Of India (0.31%).
On the other hand, Housing Development Finance Corporation (1.92%), Tata Power Company (1.43%), Hindalco Industries (1.35%), Cipla (1.27%), NTPC (1.12%), and Oil & Natural Gas Corporation (1.03%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.00% and -0.02% respectively.The major losers in the BSE Midcap were Allcargo Logistics (1.78%), A I A Engineering (1.14%), Alstom India (1.04%), A B G Shipyard (0.26%) and CORE Education and Technologies (0.22%).The major losers in the BSE Smallcap were A B G Infralogistics (2.17%), Adhunik Metaliks (1.24%), Styrolution ABS (India) (0.94%), Advanta India (0.49%) and Trident (0.46%).
Sectors in Limelight
The IT index was at 5,692.97, down by 41.4 points or by 0.72%. The major losers were Oracle Financial Services Software (2.08%), Mphasis (1.03%), Infosys (0.82%), H C L Technologies (0.24%) and CORE Education and Technologies (0.22%).
The TECk index was at 3,231.73, down by 15.88 points or by 0.49%. The major losers were Oracle Financial Services Software (2.08%), Mphasis (1.03%), Bharti Airtel (0.63%), G T L (0.2%) and Idea Cellular (0.13%).
The Metal index was at 9,591.33, down by 38.72 points or by 0.4%. The major losers were Hindustan Zinc (1.4%), Hindalco Industries (1.35%), Coal India (0.65%), Jindal Steel & Power (0.54%) and Bhushan Steel (0.22%).
On the other hand, the FMCG index was at 5,379.03, up by 28.59 points or by 0.53%. The major gainers were Dabur India (2.8%), Godrej Consumer Products (1.81%), Hindustan Unilever (0.7%), I T C (0.17%) and Colgate-Palmolive (India) (0.05%).
Market Breadth
Market breadth was negative with 1,157 advances against 1,168 declines.
Value and Volume Toppers
Torrent Power topped the value chart on the BSE with a turnover of Rs. 535.06 million. It was followed by United Spirits (Rs. 450.78 million), State Bank Of India (Rs. 218.71 million) and JSW Steel (Rs. 132.62 million).
The volume chart was led by Kingfisher Airlines with trades of over 5.02 million shares. It was followed by Torrent Power (3.35 million), Avance Technologies (2.16 million) and S Kumars Nationwide (1.99 million).
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