Indian markets declined further in the latemorning trade ahead
of RailBudget. Auto, capital goods and oil & gas
stockswitnessed a fall.At 10.56 a.m., the Sensex was trading down
117.85 points or 0.61% at 19,213.84 with 23 components falling.
Meanwhile, the Nifty was trading lower by 37.30 points or 0.64% at
5,817.45 with 40 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline
of 41.03 points or 0.21% at 19,290.66, while the broad based NSE
Nifty started with a fall of 16.45 points or 0.28%, at
I C I C I Bank contributed fall of 30.05 points in the Sensex.
It was followed by Housing Development Finance Corporation (29.01
points), Reliance Industries (23.35 points), Larsen & Toubro
(15.86 points) and Tata Motors (15.09 points).
However, I T C contributed rise of 18.41 points in the Sensex.
It was followed by Bharti Airtel (18.22 points), Infosys (14.88
points), Tata Consultancy Services (9.3 points) and Hindustan
Unilever (8.61 points).
Major gainers in the 30-share index were Bharti Airtel (3.78%),
Hindustan Unilever (1.49%), I T C (0.98%), Tata Consultancy
Services (0.93%), Infosys (0.92%), and Bharat Heavy Electricals
On the other hand, Tata Motors (2.32%), I C I C I Bank (2.04%),
Housing Development Finance Corporation (2.01%), Bajaj Auto
(2.00%), Maruti Suzuki India (1.90%), and Hindalco Industries
(1.87%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts declining -1.06% and -0.89% respectively.The major
losers in the BSE Midcap were A I A Engineering (2.72%), Aban
Offshore (2.2%), Allcargo Logistics (1.95%), Alstom India (1.5%)
and Allahabad Bank (0.79%).The major losers in the BSE Smallcap
were Aanjaneya Lifecare (20%), Action Construction Equipment
(4.74%), Aarti Industries (2.45%), A2Z Maintenance &
Engineering Services (1.96%) and Styrolution ABS (India)
Sectors in Limelight
The Auto index was at 10,605.28, down by 179.59 points or by
1.67%. The major losers were Ashok Leyland (2.15%), Bajaj Auto
(2%), Bharat Forge (1.83%), Hero Motocorp (1.49%) and Mahindra
& Mahindra (1.09%).
The Capital Goods index was at 9,379.49, down by 135.37 points
or by 1.42%. The major losers were A I A Engineering (2.72%), A B B
(2.08%), Alstom India (1.5%), Bharat Electronics (1.06%) and
Crompton Greaves (0.86%).
On the other hand, the TECk index was at 3,908.05, up by 36.15
points or by 0.93%. The major gainers were Bharti Airtel (3.78%),
Idea Cellular (3.34%), G T L (1.18%), Infosys (0.92%) and Mphasis
Market breadth was negative with 671 advances against 1,452
Value and Volume Toppers
Zee Entertainment Enterprises topped the value chart on the BSE
with a turnover of Rs. 490.01 million. It was followed by State
Bank Of India (Rs. 198.36 million), CORE Education and Technologies
(Rs. 171.81 million) and United Spirits (Rs. 147.88 million).
The volume chart was led by Zee Entertainment Enterprises with
trades of over 2.24 million shares. It was followed by Suzlon
Energy (1.95 million), TV18 Broadcast (1.83 million) and CORE
Education and Technologies (1.46 million).