Indian equities remained lower on Friday as weak IIP and higher
retail inflation raised concern over possible rate hike on December
18. In addition, concerns over possible Fed tapering in December
also weighed on the investors' sentiments. Capital goods, banking,
power stocks registered a fall whereas auto stocks witnessed a
At 2.20 p.m., the Sensex was trading down 176.10 points or 0.84%
at 20,749.51 with 21 components falling. Meanwhile, the Nifty was
trading lower by 53.45 points or 0.86% at 6,183.60 with 42
I C I C I Bank contributed fall of
54.19 points in the Sensex. It was followed by Housing Development
Finance Corporation (38.65 points), Larsen & Toubro (18.52
points), State Bank Of India (14.75 points) and Tata Consultancy
Services (13.03 points).
However, Tata Motors contributed rise of 17.47 points in the
Sensex. It was followed by Bharti Airtel (5.42 points), Mahindra
& Mahindra (4.4 points), Wipro (4.27 points) and Tata Steel
Major gainers in the 30-share index were Tata Motors (2.55%),
Wipro (1.47%), Bharti Airtel (1.07%), Coal India (0.89%), Mahindra
& Mahindra (0.83%), and Tata Steel (0.30%).
On the other hand, Bharat Heavy Electricals (3.90%), I C I C I
Bank (3.27%), Hero Motocorp (2.72%), Hindalco Industries (2.48%),
Housing Development Finance Corporation (2.39%), and G A I L
(India) (2.20%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6318.49 down by 64.47 points or by
1.01%. The major losers were A I A Engineering (2.34%), CORE
Education and Technologies (1.63%), A B G Shipyard (1.29%), Aban
Offshore (1.25%) and Alstom India (1.06%).
The BSE Smallcap index was at 6153.65 down by 36.25 points or by
0.59%. The major losers were Genesys International Corporation
(2.65%), Advanta (2.54%), Aegis Logistics (2.46%), Action
Construction Equipment (1.16%) and Styrolution ABS (India)
Sectors in Limelight
The Capital Goods index was at 9,839.71, down by 199.04 points
or by 1.98%. The major losers were BEML (3.28%), A B B India
(2.71%), A I A Engineering (2.34%), Alstom India (1.06%) and Bharat
The Bankex index was at 13,009.68, down by 258.33 points or by
1.95%. The major losers were Canara Bank(3.56%), Bank Of Baroda
(2.59%), Bank Of India (1.86%), Federal Bank (1.52%) and H D F C
The Power index was at 1,634.76, down by 30.01 points or by
1.8%. The major losers were Bharat Heavy Electricals (3.9%),
Crompton Greaves (3.42%), A B B India (2.71%), Reliance
Infrastructure (2.51%) and Adani Power (0.13%).
On the other hand, the Auto index was at 12,060.06, up by 6.41
points or by 0.05%. The major gainers were Tata Motors (2.55%) and
Mahindra & Mahindra (0.83%).
Market breadth was negative with 838 advances against 1,515
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 320.67 million. It was followed by I C I C I Bank
(Rs. 319.92 million), Elder Pharmaceuticals (Rs. 308.71 million)
and Tata Motors (Rs. 288.03 million).
The volume chart was led by Shalimar Productions with trades of
over 2.45 million shares. It was followed by Unitech (2.41
million), Jaiprakash Associates (1.82 million) and Parikh Herbals