Indian equities continued to decline on Wednesday. At 10.02
a.m., the Sensex was trading down 52.66 points or 0.30% at
17,388.21 with 24 components falling. Meanwhile, the Nifty was
trading lower by 23.30 points or 0.44% at 5,250.70 with 45
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
I C I C I Bank contributed fall of
14.01 points in the Sensex. It was followed by Infosys (9.98
points), Larsen & Toubro (9.68 points), Reliance Industries
(6.34 points) and Tata Motors (6.11 points).
However, H D F C Bank contributed rise of 7.28 points in the
Sensex. It was followed by Bharti Airtel (4.23 points), Hindustan
Unilever (4.23 points), Housing Development Finance Corporation
(4.21 points) and I T C (3.25 points).
Major gainers in the 30-share index were Bharti Airtel (1.10%),
Hindustan Unilever (0.64%), H D F C Bank (0.55%), Housing
Development Finance Corporation (0.33%), I T C (0.19%), and
Mahindra & Mahindra (0.01%).
On the other hand, Tata Steel (2.04%), Bharat Heavy Electricals
(1.83%), Jindal Steel & Power (1.46%), Sterlite Industries
(India) (1.40%), NTPC (1.17%), and Tata Motors (1.17%) were the
biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.22% and 0.15% respectively. The major
gainers in the BSE Midcap were Amara Raja Batteries (1.28%), Amtek
Auto (1.28%), A B G Shipyard (1.08%), Allcargo Logistics (0.46%)
and Alok Industries (0.34%).The major gainers in the BSE Smallcap
were Aanjaneya Lifecare (2.59%), Alembic Pharmaceuticals (2.36%),
Reliance MediaWorks (1.66%), Trident (1.05%) and Ajanta Pharma
Sectors in Limelight
The Metal index was at 9,611.91, down by 98.09 points or by
1.01%. The major losers were JSW Steel (2.36%), Jindal Steel &
Power (1.46%), Hindustan Zinc (0.78%), Coal India (0.17%) and
Bhushan Steel (0.1%).
The Capital Goods index was at 9,487.92, down by 81.22 points or
by 0.85%. The major losers were A I A Engineering (2.27%), Bharat
Heavy Electricals (1.83%), Crompton Greaves (1.09%), Alstom India
(0.44%) and A B B (0.01%).
The Power index was at 1,877.34, down by 13.03 points or by
0.69%. The major losers were Bharat Heavy Electricals (1.83%),
Reliance Infrastructure (1.45%), Crompton Greaves (1.09%), Lanco
Infratech (0.91%) and A B B (0.01%).
On the other hand, the IPO index was at 1,475.25, up by 7.00
points or by 0.48%. The major gainers were Bedmutha Industries
(4.22%), Claris Lifesciences (4.02%), Commercial Engineers and Body
Builders Company (2.17%), BS TransComm (1.66%) and Career Point
Market breadth was positive with 914 advances against 763
Value and Volume Toppers
Axis Bank topped the value chart on the BSE with a turnover of
Rs. 147.56 million. It was followed by United Spirits (Rs. 113.07
million), State Bank Of India (Rs. 107.95 million) and Tata Steel
(Rs. 95.21 million).
The volume chart was led by Kingfisher Airlines with trades of
over 2.11 million shares. It was followed by Housing Development
and Infrastructure (1.01 million), I F C I (0.90 million) and
Transgene Biotek (0.73 million).