Indian markets dropped in early trade on Friday erasing earlier
gains. At 9.18 a.m., the Sensex was trading down 50.41 points or
0.27% at 18,708.22 with 20 components falling. Meanwhile, the Nifty
was trading lower by 21.75 points or 0.38% at 5,683.55 with 38
The 30-share benchmark index, BSE Sensex opened with a decline
of 43.28 points or 0.23% at 18,715.35, while the broad based NSE
Nifty started with a fall of 21.75 points or 0.38%, at
Housing Development Finance Corporation
contributed fall of 10.59 points in the Sensex. It was followed by
H D F C Bank (10.25 points), Reliance Industries (9.55 points), I T
C (7.86 points) and State Bank Of India (3.72 points).
However, I C I C I Bank contributed rise of 6.28 points in the
Sensex. It was followed by Mahindra & Mahindra (5.11 points),
Hindustan Unilever (3.89 points), NTPC (1.25 points) and ACC (1.11
Biggest gainers in the 30-share index were Mahindra &
Mahindra (1.10%), Hindustan Unilever (0.53%), I C I C I Bank
(0.44%), NTPC (0.38%), Bajaj Auto (0.19%), and Maruti Suzuki India
On the other hand, Hero Motocorp (1.19%), Jindal Steel &
Power (1.06%), Housing Development Finance Corporation (0.79%), Sun
Pharmaceutical Industries (0.74%), H D F C Bank (0.73%), and
Reliance Industries (0.56%) were the biggest losers in the
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.11% and 0.13% respectively. The major
gainers in the BSE Midcap were Amtek India (1.32%), Alstom India
(1.22%), Apollo Hospitals Enterprise (0.87%), Amtek Auto (0.45%)
and CORE Education and Technologies (0.14%).The major gainers in
the BSE Smallcap were Aarti Industries (2.86%), Genesys
International Corporation (1.36%), Trident (1.22%), Reliance
MediaWorks (0.54%) and Ahmednagar Forgings (0.22%).
Sectors in Limelight
The Oil & Gas index was at 8,436.90, down by 33.48 points or
by 0.4%. The major losers were Bharat Petroleum Corporation (0.4%),
Oil & Natural Gas Corporation (0.31%), Hindustan Petroleum
Corporation (0.26%), Indian Oil Corporation (0.08%) and Gujarat
State Petronet (0.07%).
The TECk index was at 3,299.38, down by 9.73 points or by 0.29%.
The major losers were G T L Infrastructure (1.82%), Dish TV India
(0.54%), G T L (0.5%), Bharti Airtel (0.32%) and H C L Technologies
The Bankex index was at 13,302.03, down by 38.11 points or by
0.29%. The major losers were Bank Of Baroda(0.78%), Bank Of India
(0.75%), H D F C Bank (0.73%), Federal Bank (0.69%) and Canara Bank
On the other hand, the Consumer Durables index was at 7,247.37,
up by 20.76 points or by 0.29%. The major gainers were Rajesh
Exports (3.13%), Whirlpool Of India (1.85%), T T K Prestige
(0.57%), Gitanjali Gems (0.48%) and Titan Industries (0.16%).
Market breadth was positive with 394 advances against 305
Value and Volume Toppers
C E S C topped the value chart on the BSE with a turnover of Rs.
25.97 million. It was followed by TV18 Broadcast (Rs. 23.32
million), State Bank Of India (Rs. 22.92 million) and I C I C I
Bank (Rs. 22.39 million).
The volume chart was led by TV18 Broadcast with trades of over
0.86 million shares. It was followed by Firstsource Solutions (0.62
million), Veer Energy and Infrastructure (0.35 million) and
Indiabulls Infrastructure and Power (0.28 million).