Indian markets dropped in early trade on Wednesday. At 09.22 a.m., the Sensex was trading down 78.10 points or 0.45% at 17,362.77 with 26 components falling. Meanwhile, the Nifty was trading lower by 26.25 points or 0.50% at 5,247.75 with 46 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 80.91 points or 0.46% at 17,359.96, while the broad based NSE Nifty started with a fall of 30.10 points or 0.57%, at 5,243.90.
Sensex Movers
Infosys contributed fall of 11.15
points in the Sensex. It was followed by Larsen & Toubro (9.66
points), Reliance Industries (8.93 points), I C I C I Bank (8.31
points) and Tata Motors (7.1 points).
However, I T C contributed rise of 7.45 points in the Sensex. It was followed by Housing Development Finance Corporation (2.95 points), Hindustan Unilever (0.88 points), Grasim Industries (0.58 points) and Maruti Suzuki India (0.98 points).
Biggest gainers in the 30-share index were I T C (0.43%), Housing Development Finance Corporation (0.23%), Dr Reddy"S Laboratories (0.19%), and Hindustan Unilever (0.13%).
On the other hand, Jindal Steel & Power (1.49%), Bharat Heavy Electricals (1.46%), Wipro (1.38%), Tata Motors (1.36%), Sterlite Industries (India) (1.19%), and Larsen & Toubro (1.11%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.12% and -0.05% respectively.The major losers in the BSE Midcap were Aban Offshore (0.4%), Andhra Bank (0.32%), Apollo Tyres (0.27%), Alok Industries (0.26%) and Amtek Auto (0.11%).The major losers in the BSE Smallcap were Adhunik Metaliks (1.45%), Advanta India (1.21%), Reliance MediaWorks (0.95%), A2Z Maintenance & Engineering Services (0.91%) and Aegis Logistics (0.04%).
Sectors in Limelight
The Capital Goods index was at 9,482.71, down by 86.43 points or by 0.9%. The major losers were Bharat Heavy Electricals (1.46%), Larsen & Toubro (1.11%), Crompton Greaves (0.57%), Havell"S India (0.05%) and Lakshmi Machine Works (0.02%).
The Metal index was at 9,623.87, down by 86.13 points or by 0.89%. The major losers were Jindal Steel & Power (1.49%), JSW Steel (1.47%), Hindalco Industries (0.82%), Hindustan Zinc (0.51%) and Coal India (0.36%).
The Power index was at 1,874.67, down by 15.7 points or by 0.83%. The major losers were Reliance Infrastructure (1.53%), Bharat Heavy Electricals (1.46%), JSW Energy (0.85%), Adani Power (0.6%) and Crompton Greaves (0.57%).
On the other hand, the FMCG index was at 5,382.11, up by 21.22 points or by 0.40%. The major gainers were Jubilant FoodWorks (1.04%), I T C (0.43%), Hindustan Unilever (0.13%) and Godrej Consumer Products (0.1%).
Market Breadth
Market breadth was negative with 371 advances against 475 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 32.04 million. It was followed by Axis Bank (Rs. 31.29 million), State Bank Of India (Rs. 28.96 million) and Tata Steel (Rs. 18.96 million).
The volume chart was led by Kingfisher Airlines with trades of over 0.34 million shares. It was followed by Sterling Biotech (0.29 million), VHCL Industries (0.20 million) and Transgene Biotek (0.18 million).
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