Indian equities continued to trade lower towards closingon Wednesdayled by capital goods, metal and banking stocks.At 3.15 p.m., the Sensex was trading down 116.63 points or 0.67% at 17,324.24 with 22 components falling. Meanwhile, the Nifty was trading lower by 44.20 points or 0.84% at 5,229.80 with 42 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
ICICI Bank contributed fall of 42.28 points in the Sensex. It was followed by Larsen & Toubro (23.99 points), Reliance Industries (16.16 points), Infosys (14 points) and Tata Motors (13.28 points).
However, Tata Consultancy Services contributed rise of 13.35 points in the Sensex. It was followed by Bharti Airtel (13.34 points), ITC (12.94 points), Hindustan Unilever (12.91 points) and HDFC Bank (4.13 points).
Biggest gainers in the 30-share index were Bharti Airtel (3.48%), Hindustan Unilever (1.97%), Tata Consultancy Services (1.44%), ITC (0.75%), Oil & Natural Gas Corporation (0.53%), and HDFC Bank (0.31%).
On the other hand, Bharat Heavy Electricals (4.98%), Jindal Steel & Power (4.35%), ICICI Bank (3.44%), Tata Steel (3.26%), Sterlite Industries (India) (2.96%), and Larsen & Toubro (2.76%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.31% and -0.39% respectively.The major losers in the BSE Midcap were Allcargo Logistics (2.05%), Aban Offshore (1.98%), A I A Engineering (0.43%), Alstom India (0.31%) and CORE Education and Technologies (0.28%).The major losers in the BSE Smallcap were Aarti Industries (5.14%), A2Z Maintenance & Engineering Services (4.23%), Styrolution ABS (India) (3.58%), Action Construction Equipment (2.13%) and A B G Infralogistics (1.65%).
Sectors in Limelight
The Capital Goods index was at 9,332.11, down by 237.03 points or by 2.48%. The major losers were Bharat Heavy Electricals (4.98%), Bharat Electronics (1.55%), A B B (0.88%), A I A Engineering (0.43%) and Alstom India (0.31%).
The Metal index was at 9,473.22, down by 236.78 points or by 2.44%. The major losers were Jindal Steel & Power (4.35%), JSW Steel (3.33%), Hindalco Industries (2.6%), Hindustan Zinc (1.41%) and Coal India (0.26%).
The Bankex index was at 11,292.85, down by 208.73 points or by 1.81%. The major losers were I C I C I Bank (3.44%), Bank Of Baroda (2.76%), Bank Of India (2.69%), Federal Bank (1.62%) and Canara Bank (0.81%).
On the other hand, the FMCG index was at 5,406.72, up by 45.83 points or by 0.85%. The major gainers were Hindustan Unilever (1.97%), I T C (0.75%), United Spirits (0.7%), Jubilant FoodWorks (0.24%) and Colgate-Palmolive (India) (0.05%).
Market Breadth
Market breadth was negative with 1,227 advances against 1,601 declines.
Value and Volume Toppers
Crompton Greaves topped the value chart on the BSE with a turnover of Rs. 1,435.77 million. It was followed by State Bank Of India (Rs. 676.85 million), Axis Bank (Rs. 562.01 million) and United Spirits (Rs. 547.00 million).
The volume chart was led by Crompton Greaves with trades of over 13.46 million shares. It was followed by Kingfisher Airlines (6.66 million), KSK Energy Ventures (5.99 million) and I F C I (5.03 million).
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