Indian equities extended losses as European stock futures were little changed as investors await tomorrow"s European Central Bank meeting. On sectoral front, all stocks traded lower, barring FMCG stocks. Metals and capital goods stocks traded with the deepest cuts.Both Sensex and Nifty were trading below 1-month low.
At 12.52 p.m., the Sensex was trading down 116.47 points or 0.67% at 17,324.40 with 24 components falling. Meanwhile, the Nifty was trading lower by 41.70 points or 0.79% at 5,232.30 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
I C I C I Bank contributed fall of 29.67 points in the Sensex. It was followed by Reliance Industries (19.78 points), Larsen & Toubro (16.39 points), Infosys (13.68 points) and Bharat Heavy Electricals (7.95 points).
However, Bharti Airtel contributed rise of 10.97 points in the Sensex. It was followed by Hindustan Unilever (8.44 points), Housing Development Finance Corporation (8.3 points), I T C (5.82 points) and H D F C Bank (4.8 points).
Major gainers in the 30-share index were Bharti Airtel (2.86%), Hindustan Unilever (1.29%), Housing Development Finance Corporation (0.64%), HDFC Bank (0.36%), ITC (0.34%), and Hero Motocorp (0.14%).
On the other hand, Jindal Steel & Power (4.21%), Bharat Heavy Electricals (3.70%), Sterlite Industries (India) (2.65%), Tata Steel (2.60%), ICICI Bank (2.41%), and Larsen & Toubro (1.89%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.20% and -0.12% respectively.The major losers in the BSE Midcap were Aban Offshore (1.74%), Allcargo Logistics (1.45%), CORE Education and Technologies (0.4%), Amtek India (0.05%) and Amara Raja Batteries (0.05%).The major losers in the BSE Smallcap were Styrolution ABS (India) (4.2%), A2Z Maintenance & Engineering Services (3.15%), Aarti Industries (2.44%), Action Construction Equipment (1.33%) and A B G Infralogistics (0.87%).
Sectors in Limelight
The Metal index was at 9,511.93, down by 198.07 points or by 2.04%. The major losers were Jindal Steel & Power (4.21%), Hindustan Zinc (2.27%), Hindalco Industries (0.96%), Coal India (0.44%) and Bhushan Steel (0.18%).
The Capital Goods index was at 9,408.59, down by 160.55 points or by 1.68%. The major losers were Bharat Heavy Electricals (3.7%), Alstom T&D India (2.51%), Bharat Electronics (1.43%), Lakshmi Machine Works (0.98%) and A B B (0.37%).
The Bankex index was at 11,353.17, down by 148.41 points or by 1.29%. The major losers were Bank Of India(2.52%), I C I C I Bank (2.41%), Bank Of Baroda (2.33%), Canara Bank (1.08%) and Federal Bank (0.25%).
On the other hand, the FMCG index was at 5,388.78, up by 27.89 points or by 0.52%. The major gainers were Hindustan Unilever (1.29%), Godrej Consumer Products (0.4%), I T C (0.34%), Jubilant FoodWorks (0.18%) and United Spirits (0.11%).
Market Breadth
Market breadth was negative with 1,159 advances against 1,404 declines.
Value and Volume Toppers
Crompton Greaves topped the value chart on the BSE with a turnover of Rs. 1,394.82 million. It was followed by Axis Bank (Rs. 412.18 million), KSK Energy Ventures (Rs. 386.70 million) and United Spirits (Rs. 347.93 million).
The volume chart was led by Crompton Greaves with trades of over 13.10 million shares. It was followed by KSK Energy Ventures (5.99 million), Kingfisher Airlines (4.11 million) and I F C I (3.30 million).
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