Indian equities continued to trade lower on Thursday. Banking
and oil & gas stocks registered a fall. At 2.29 p.m., the
Sensex was trading down 184.73 points or 0.90% at 20,263.76 with 26
components falling. Meanwhile, the Nifty was trading lower by 55.25
points or 0.91% at 6,028.75 with 44 components falling.
H D F C Bank contributed fall of 30.95
points in the Sensex. It was followed by Oil & Natural Gas
Corporation (29.56 points), Housing Development Finance Corporation
(29.11 points), I C I C I Bank (21.44 points) and Larsen &
Toubro (13.56 points).
However, Tata Consultancy Services contributed rise of 14.51
points in the Sensex. It was followed by Mahindra & Mahindra
(5.35 points), Sun Pharmaceutical Industries (5.01 points), D L F
(3.19 points) and Tata Motors (3.02 points).
Major gainers in the 30-share index were Tata Consultancy
Services (1.36%), Sun Pharmaceutical Industries (1.06%), Mahindra
& Mahindra (1.03%), and Tata Motors (0.45%).
On the other hand, Cipla (6.61%), Jindal Steel & Power
(4.08%), Oil & Natural Gas Corporation (3.31%), Coal India
(2.89%), Hindalco Industries (2.85%), and Bharat Heavy Electricals
(2.77%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts declining-0.52% and -0.72% respectively.The major
losers in the BSE Midcap were Allahabad Bank(2.36%), Amara Raja
Batteries (1.04%), Alstom India (0.9%), Allcargo Logistics (0.8%)
and A B G Shipyard (0.72%).The major losers in the BSE Smallcap
were Trident (1.78%), Styrolution ABS (India) (1.22%), Dr Datsons
Labs (1.04%), Adhunik Metaliks (0.85%) and Action Construction
Sectors in Limelight
The Bankex index was at 11,658.92, down by 172.59 points or by
1.46%. The major losers were Bank Of Baroda(4.66%), Bank Of India
(3.35%), Canara Bank (2.1%), H D F C Bank (1.94%) and Federal Bank
The Oil & Gas index was at 8,320.93, down by 120.15 points
or by 1.42%. The major losers were Hindustan Petroleum Corporation
(3.73%), Bharat Petroleum Corporation (2.8%), G A I L (India)
(1.42%), Castrol India (0.98%) and Cairn India (0.05%).
Market breadth was negative with 885 advances against 1,600
Value and Volume Toppers
Greaves Cotton topped the value chart on the BSE with a turnover
of Rs. 337.68 million. It was followed by Maruti Suzuki India (Rs.
292.21 million), Tata Steel (Rs. 281.82 million) and Lovable
Lingerie (Rs. 273.08 million).
The volume chart was led by Greaves Cotton with trades of over
5.85 million shares. It was followed by Unitech (2.74 million),
Indian Infotech and Software (2.18 million) and Apollo Tyres (2.07