Indian equities turned negative in the post noon trade on Monday
as realty, consumer durables and capital goods witnessed
heavyselling pressure. Select mid-cap stocks crashed led by Core
Projects, Welspun Corp, Aanjaneya Lifecare, ABG Shipyard, Eros
Int"l and six other stocks.
At 1.16 pm, the Sensex was trading down 41.55 points or 0.22% at
19,275.46 with 22 components falling. Meanwhile, the Nifty was
trading lower by 13.40 points or 0.23% at 5,836.90 with 34
The 30-share benchmark index, BSE Sensex opened with a gain of
48.32 points or 0.25% at 19,365.33, while the broad based NSE Nifty
started with a rise of 20.25 points or 0.35%, at 5,870.55.
Reliance Industries contributed fall of
19.09 points in the Sensex. It was followed by Oil & Natural
Gas Corporation (17.45 points), Larsen & Toubro (17.2 points),
I C I C I Bank (11.96 points) and I T C (9.93 points).
However, Infosys contributed rise of 38.23 points in the Sensex.
It was followed by Tata Motors (11.22 points), Tata Consultancy
Services (7.48 points), State Bank Of India (4.02 points) and Wipro
Biggest gainers in the 30-share index were Infosys (2.41%), Tata
Motors (1.67%), Wipro (1.22%), Tata Consultancy Services (0.76%),
State Bank Of India (0.58%), and Bharat Heavy Electricals
On the other hand, Oil & Natural Gas Corporation (2.18%),
Coal India (2.15%), Larsen & Toubro (1.85%), Cipla (1.76%),
Sterlite Industries (India) (1.54%), and Reliance Industries
(1.09%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts declining -1.48% and -1.53% respectively.The major
losers in the BSE Midcap were CORE Education and Technologies
(56.92%), A B G Shipyard (19.99%), A I A Engineering (2.29%),
Allahabad Bank (2.1%) and Aban Offshore (2%).The major losers in
the BSE Smallcap were Aanjaneya Lifecare (20%), Action Construction
Equipment (4.83%), A2Z Maintenance & Engineering Services
(3.46%), Aarti Industries (1.38%) and Trident (0.12%).
Sectors in Limelight
The Realty index was at 2,061.86, down by 51.26 points or by
2.43%. The major losers were Anant Raj (3.68%), Housing Development
and Infrastructure (3.39%), Indiabulls Real Estate (3.04%), D L F
(2.95%) and Godrej Properties (0.93%).
The Consumer Durables index was at 6,978.12, down by 158.36
points or by 2.22%. The major losers were Symphony (2.11%), Titan
Industries (1.76%), Bajaj Electricals (1.24%), Gitanjali Gems
(0.56%) and Blue Star (0.29%).
On the other hand, the IT index was at 6,707.41, up by 102.33
points or by 1.55%. The major gainers were Mphasis (3.21%), Infosys
(2.41%), H C L Technologies (1.29%), Wipro (1.22%) and Tata
Consultancy Services (0.76%).
Market breadth was negative with 816 advances against 1,760
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 433.65 million. It was followed by CORE Education
and Technologies (Rs. 405.84 million), Welspun Corp (Rs. 331.58
million) and Infosys (Rs. 292.89 million).
The volume chart was led by Welspun Corp with trades of over
4.98 million shares. It was followed by I F C I (4.64 million),
Alok Industries (4.38 million) and CORE Education and Technologies