Indian markets continues to trade lower on Wednesday led by
realty, power and capital goods stocks. At 2.36 pm, the Sensex was
trading down 153.10 points or 0.81% at 18,640.26 with 26 components
falling. Meanwhile, the Nifty was trading lower by 50.45 points or
0.88% at 5,654.15 with 42 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline
of 94.17 points or 0.50% at 18,699.19, while the broad based NSE
Nifty started with a fall of 33.45 points or 0.59%, at
I C I C I Bank contributed fall of
15.69 points in the Sensex. It was followed by Infosys (15.09
points), H D F C Bank (14.57 points), State Bank Of India (13.28
points) and Larsen & Toubro (13.03 points).
However, Tata Steel contributed rise of 1.94 points in the
Sensex. It was followed by Hero Motocorp (1.74 points), Jaiprakash
Associates (1.36 points), Sun Pharmaceutical Industries (0.41
points) and Reliance Industries (0.22 points).
Major gainers in the 30-share index were Hero Motocorp (0.77%),
Tata Steel (0.60%), Sun Pharmaceutical Industries (0.12%), and
Reliance Industries (0.01%).
On the other hand, Bharat Heavy Electricals (2.28%), State Bank
Of India (1.91%), Tata Power Company (1.91%), NTPC (1.74%), Wipro
(1.70%), and Hindalco Industries (1.60%) were the major losers in
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts declining -1.09% and -1.21% respectively.The major
losers in the BSE Midcap were Aban Offshore (2.91%), Alok
Industries (2.7%), CORE Education and Technologies (1.13%), Alstom
India (1.02%) and A B G Shipyard (0.54%).The major losers in the
BSE Smallcap were A2Z Maintenance & Engineering Services
(3.3%), Aarti Industries (3.23%), Styrolution ABS (India) (2.88%),
Aanjaneya Lifecare (1.09%) and Trident (0.45%).
Sectors in Limelight
The Realty index was at 1,813.19, down by 77.17 points or by
4.08%. The major losers were Indiabulls Real Estate (9.55%), Anant
Raj Industries (6.45%), D B Realty (4.99%), D L F (4.28%) and
Godrej Properties (0.9%).
The Power index was at 2,019.15, down by 38.12 points or by
1.85%. The major losers were G M R Infrastructure (7.44%), Adani
Power (3.57%), Bharat Heavy Electricals (2.28%), JSW Energy (2.26%)
and Reliance Infrastructure (2.24%).
The IPO index was at 1,643.48, down by 25.23 points or by 1.51%.
The major losers were Commercial Engineers and Body Builders
Company (1.94%), Claris Lifesciences (1.85%), Bedmutha Industries
(1.71%), BS TransComm (0.93%) and Coal India (0.83%).
The Capital Goods index was at 10,990.48, down by 146.27 points
or by 1.31%. The major losers were Bharat Heavy Electricals
(2.28%), Alstom T&D India (1.73%), BEML (1.6%), Havell"S India
(1.54%) and Alstom India (1.02%).
Market breadth was negative with 931 advances against 1,906
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover
of Rs. 746.59 million. It was followed by State Bank Of India (Rs.
573.65 million), Tata Steel (Rs. 406.74 million) and Reliance
Capital (Rs. 332.76 million).
The volume chart was led by Cals Refineries with trades of over
32.69 million shares. It was followed by Lanco Infratech (5.48
million), Indiabulls Real Estate (5.19 million) and Firstsource
Solutions (4.66 million).