Indian equities are trading flat with negative bias in early trade on Thursday.At 09.23 a.m., the Sensex was trading down 4.34 points or 0.03% at 17,309 with 15 components falling. Meanwhile, the Nifty was trading lower by 3.15 points or 0.06% at 5,222.55 with 29 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 7.39 points or 0.04% at 17,320.73, while the broad based NSE Nifty started with a fall of 8.05 points or 0.15%, at 5,217.65.
Sensex Movers
I T C contributed fall of 11.56 points
in the Sensex. It was followed by Housing Development Finance
Corporation (9.6 points), Larsen & Toubro (8.74 points), Bharti
Airtel (4.23 points) and H D F C Bank (4.22 points).
However, Infosys contributed rise of 22.95 points in the Sensex. It was followed by I C I C I Bank (12.44 points), Tata Motors (2.5 points), Hindustan Unilever (1.92 points) and Sterlite Industries (India) (1.84 points).
Major gainers in the 30-share index were Infosys (1.69%), Sterlite Industries (India) (1.07%), I C I C I Bank (1.01%), Jindal Steel & Power (0.74%), G A I L (India) (0.56%), and Tata Motors (0.48%).
On the other hand, Bharat Heavy Electricals (1.42%), NTPC (1.22%), Bharti Airtel (1.11%), Larsen & Toubro (1.01%), Sun Pharmaceutical Industries (0.95%), and Housing Development Finance Corporation (0.75%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.21% and 0.23% respectively. The major gainers in the BSE Midcap were Aban Offshore (1.44%), Alstom India (0.82%), Alok Industries (0.17%), Amtek Auto (0.17%) and CORE Education and Technologies (0.03%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (1.42%), Reliance MediaWorks (1.16%), Aarti Industries (0.69%), A2Z Maintenance & Engineering Services (0.52%) and Adhunik Metaliks (0.19%).
Sectors in Limelight
The IT index was at 5,773.80, up by 47.56 points or by 0.83%. The major gainers were Infosys (1.69%), H C L Technologies (0.45%), Oracle Financial Services Software (0.04%), Hexaware Technologies (0.04%) and CORE Education and Technologies (0.03%).
The TECk index was at 3,290.90, up by 20.13 points or by 0.62%. The major gainers were Idea Cellular (1.23%), Reliance MediaWorks (1.16%), Dish TV India (0.57%), G T L (0.4%) and Oracle Financial Services Software (0.04%).
The Metal index was at 9,488.73, up by 35.01 points or by 0.37%. The major gainers were JSW Steel (0.87%), Jindal Steel & Power (0.74%), Coal India (0.4%), Hindalco Industries (0.4%) and Sesa Goa (0.15%).
On the other hand, the Capital Goods index was at 9,246.74, down by 79.44 points or by 0.85%. The major losers were Bharat Heavy Electricals (1.42%), BEML (1.04%), A B B (0.66%), Havell"S India (0.43%) and A I A Engineering (0.15%).
Market Breadth
Market breadth was positive with 560 advances against 325 declines.
Value and Volume Toppers
M M T C topped the value chart on the BSE with a turnover of Rs. 46.60 million. It was followed by West Coast Paper Mills (Rs. 44.98 million), State Bank Of India (Rs. 35.34 million) and United Spirits (Rs. 22.40 million).
The volume chart was led by West Coast Paper Mills with trades of over 0.68 million shares. It was followed by I F C I (0.24 million), Sterling Biotech (0.20 million) and HOV Services (0.17 million).
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