Indian markets continue to tradesluggishon Thursday noon. Power,
metal and realty stocks led the decline.At 12.07 pm, the Sensex was
trading down 75.53 points or 0.39% at 19,400.47 with 23 components
falling. Meanwhile, the Nifty was trading lower by 29.95 points or
0.51% at 5,899.65 with 42 components falling.
The 30-share benchmark index, BSE Sensex opened with a gain of
35.41 points or 0.18% at 19,511.41, while the broad based NSE Nifty
began flat with a gain of 4.85 points or 0.08%, at 5,934.45.
I T C contributed fall of 16.48 points
in the Sensex. It was followed by H D F C Bank (14.32 points),
Housing Development Finance Corporation (8.11 points), Infosys
(6.58 points) and Mahindra & Mahindra (5.17 points).
However, Hindustan Unilever contributed rise of 5.23 points in
the Sensex. It was followed by Tata Consultancy Services (3.16
points), I C I C I Bank (2.49 points), Maruti Suzuki India (1.44
points) and Hindalco Industries (0 points).
Biggest gainers in the 30-share index were Cipla (1.50%),
Hindustan Unilever (0.77%), Maruti Suzuki India (0.56%), Jindal
Steel & Power (0.55%), Tata Consultancy Services (0.36%), and I
C I C I Bank (0.16%).
On the other hand, Sterlite Industries (India) (1.75%), Bharat
Heavy Electricals (1.26%), Bajaj Auto (1.19%), Tata Steel (1.18%),
Mahindra & Mahindra (1.02%), and NTPC (0.94%) were the biggest
losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts declining-0.17% and -0.37% respectively.The major
losers in the BSE Midcap were CORE Education and Technologies
(1.14%), Aban Offshore (0.84%), Allahabad Bank (0.74%), Amara Raja
Batteries (0.42%) and Alstom India (0.22%).The major losers in the
BSE Smallcap were Adhunik Metaliks (4.15%), Aarti Industries
(1.23%), Trident (0.86%), Styrolution ABS (India) (0.69%) and A2Z
Maintenance & Engineering Services (0.33%).
Sectors in Limelight
The Power index was at 1,975.97, down by 16.55 points or by
0.83%. The major losers were Adani Power (2.92%), Bharat Heavy
Electricals (1.26%), Crompton Greaves (1.12%), Reliance
Infrastructure (0.78%) and A B B (0.36%).
The Realty index was at 2,117.67, down by 15.46 points or by
0.72%. The major losers were Housing Development and Infrastructure
(2.87%), Anant Raj (1.49%), Indiabulls Real Estate (1.34%), D L F
(1.06%) and Godrej Properties (0.89%).
The Metal index was at 11,033.06, down by 76.26 points or by
0.69%. The major losers were NMDC (1.78%), Sesa Goa (1.67%),
Bhushan Steel (1.58%), JSW Steel (0.74%) and Hindustan Zinc
On the other hand, the HC index was at 8,239.93, up by 41.31
points or by 0.50%. The major gainers were Aurobindo Pharma
(4.01%), Divis Laboratories (1.67%), Cipla (1.5%), Biocon (1.24%)
and Glaxo SmithKline Pharmaceuticals (0.86%).
Market breadth was negative with 1,076 advances against 1,448
Value and Volume Toppers
Axis Bank topped the value chart on the BSE with a turnover of
Rs. 556.25 million. It was followed by Adani Enterprises (Rs.
278.20 million), State Bank Of India (Rs. 264.31 million) and
Reliance Power (Rs. 242.42 million).
The volume chart was led by G T L Infrastructure with trades of
over 40.17 million shares. It was followed by Suzlon Energy (3.96
million), Alok Industries (3.05 million) and Kingfisher Airlines