Indian markets endedloweron Wednesdayas investors await tomorrow"s European Central Bank meeting. Metal, capital goods and banking stocks led the fall in the overall markets. FMCG and technology stocks managed to outperform the market.
At the close, the benchmark 30-share index, BSE Sensex declined 127.53 points or 0.73% at 17,313.34 with 21 components posting drop. Meanwhile, the broad based NSE Nifty fell by 48.30 points or 0.92% at 5,225.70 with 42 components registering drop.Sensex Movers
ICICI Bank contributed fall of 43.74 points in the Sensex. It was followed by Larsen & Toubro (25.09 points), Reliance Industries (15.53 points), Infosys (13.76 points) and Tata Motors (13.49 points).
However, Tata Consultancy Services contributed rise of 13.1 points in the Sensex. It was followed by Bharti Airtel (12.57 points), Hindustan Unilever (12.08 points), I T C (11.31 points) and H D F C Bank (4.68 points).
Biggest gainers in the 30-share index were Bharti Airtel (3.28%), Hindustan Unilever (1.84%), Tata Consultancy Services (1.41%), ITC (0.66%), Oil & Natural Gas Corporation (0.57%), and HDFC Bank (0.36%).
On the other hand, Bharat Heavy Electricals (4.98%), Jindal Steel & Power (4.78%), ICICI Bank (3.56%), Tata Steel (3.42%), Sterlite Industries (India) (3.17%), and Larsen & Toubro (2.89%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.31% and -0.49% respectively.The major losers in the BSE Midcap were Amtek Auto (1.96%), Aban Offshore (1.83%), Anant Raj Industries (0.92%), Amara Raja Batteries (0.8%) and CORE Education and Technologies (0.43%).The major losers in the BSE Smallcap were Styrolution ABS (India) (5.45%), Aarti Industries (4.87%), A2Z Maintenance & Engineering Services (3.98%), Action Construction Equipment (2.66%) and A B G Infralogistics (1.57%).
Sectors in Limelight
The Metal index was at 9,453.72, down by 256.28 points or by 2.64%. The major losers were Jindal Steel & Power (4.78%), JSW Steel (3.33%), Hindalco Industries (2.65%), Hindustan Zinc (1.56%) and Coal India (0.49%).
The Capital Goods index was at 9,326.18, down by 242.96 points or by 2.54%. The major losers were Bharat Heavy Electricals (4.98%), Larsen & Toubro (2.89%), Lakshmi Machine Works (2.49%), Bharat Electronics (2.28%) and A B B (1.16%).
The Bankex index was at 11,292.73, down by 208.85 points or by 1.82%. The major losers were ICICI Bank (3.56%), Bank Of Baroda (2.68%), Bank Of India (2.59%), Canara Bank (0.8%) and Federal Bank (0.69%).
On the other hand, the FMCG index was at 5,399.42, up by 38.53 points or by 0.72%. The major gainers were Hindustan Unilever (1.84%), Tata Global Beverages (1.21%), ITC (0.66%) and United Spirits (0.47%).
Market Breadth
Market breadth was negative with 1,280 advances against 1,589 declines.
Value and Volume Toppers
Crompton Greaves topped the value chart on the BSE with a turnover of Rs. 1,450.76 million. It was followed by State Bank Of India (Rs. 773.75 million), Axis Bank (Rs. 629.97 million) and United Spirits (Rs. 605.29 million).
The volume chart was led by Crompton Greaves with trades of over 13.54 million shares. It was followed by Kingfisher Airlines (7.05 million), KSK Energy Ventures (5.99 million) and IFCI (5.54 million).
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