The Sensex pared most of its losses by recovering from lows but still below 17,000 mark, while Nifty breached the 5,000 mark. Realty, IT and healthcare stocks dropped. Indian markets continued to decline for the fourth day on Friday. Both Sensex and Nifty dropped the most in a month and are trading below 1-month low. At 10.57., the Sensex was trading down 271.71 points or 1.59% at 16,779.43 with 27 components falling. Meanwhile, the Nifty was trading lower by 77.50 points or 1.52% at 5,016.65 with 46 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 72.78 points or 0.43% at 16,978.36, while the broad based NSE Nifty started with a rise of 126.05 points or 2.47%, at 5,220.20.
Sensex Movers
Larsen & Toubro contributed fall of 38.11 points in the Sensex. It was followed by Infosys Technologies (35.09 points), Reliance Industries (29.42 points), Housing Development Finance Corporation (21.24 points) and I C I C I Bank (20.85 points).
The Sensex pared most of its losses by recovering from lows but still below 17,000 mark, while Nifty breached the 5,000 mark. Realty, IT and healthcare stocks dropped. Indian markets continued to decline for the fourth day on Friday. Both Sensex and Nifty dropped the most in a month and are trading below 1-month low. At 10.57., the Sensex was trading down 271.71 points or 1.59% at 16,779.43 with 27 components falling. Meanwhile, the Nifty was trading lower by 77.50 points or 1.52% at 5,016.65 with 46 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 72.78 points or 0.43% at 16,978.36, while the broad based NSE Nifty started with a rise of 126.05 points or 2.47%, at 5,220.20.
Sensex Movers
Larsen & Toubro contributed fall of 38.11 points in the Sensex. It was followed by Infosys Technologies (35.09 points), Reliance Industries (29.42 points), Housing Development Finance Corporation (21.24 points) and I C I C I Bank (20.85 points).
However, I T C contributed rise of 11.43 points in the Sensex. It was followed by Bharat Heavy Electricals (7.31 points), NTPC (0.73 points), Hindustan Unilever (0.36 points) and Bharti Airtel (1.39 points).
Major gainers in the 30-share index were Bharat Heavy Electricals (1.42%), I T C (1.33%), and NTPC (0.20%).
On the other hand, D L F (3.56%), Larsen & Toubro (3.55%), Tata Consultancy Services (3.29%), Tata Steel (3.29%), Jaiprakash Associates (2.68%), and Sun Pharmaceutical Industries (2.68%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6720.06 down by 138.67 points or by 2.02%. The major losers were Aban Offshore (4.15%), Alstom Projects India (2.89%), A I A Engineering (2.5%), Reliance MediaWorks (2.36%) and Core Projects and Technologies (1.99%).
The BSE Smallcap index was at 8549.49 down by 211.5 points or by 2.41%. The major losers were A B G Shipyard (6.02%), Abhishek Industries (4.83%), A B G Infralogistics (4.79%), Aarti Industries (3.28%) and INEOS ABS (India) (0.92%).
Sectors in Limelight
The Realty index was at 3,700.07, down by 120.86 points or by 3.16%. The major losers were Indiabulls Real Estate (3.68%), D L F (3.56%), Ansal Properties and Infrastructure (3.05%), Ackruti City (2.29%) and Anant Raj Industries (1.85%).
The Consumer Durables index was at 3,822.46, down by 97.15 points or by 2.48%. The major losers were Gitanjali Gems (3.33%), Titan Industries (3.21%), Rajesh Exports (2.87%), Videocon Industries (2.43%) and Blue Star (1.04%).
The IT index was at 5,160.03, down by 114.31 points or by 2.17%. The major losers were Aptech (3.06%), Oracle Financial Services Software (2.6%), Infosys Technologies (2.11%), H C L Technologies (1.4%) and Tech Mahindra (0.7%).
On the other hand, the FMCG index was at 2,751.80, up by 16.39 points or by 0.60%. The major gainers were United Spirits (3.3%) and I T C (1.33%).
Market Breadth
Market breadth was negative with 381 advances against 2,241 declines.
Value and Volume Toppers
Hindustan Copper topped the value chart on the BSE with a turnover of Rs. 957.64 million. It was followed by Larsen & Toubro (Rs. 930.88 million), Spicejet (Rs. 740.52 million) and Reliance Industries (Rs. 697.93 million).
The volume chart was led by Spicejet with trades of over 12.66 million shares. It was followed by Cals Refineries (11.86 million), Suzlon Energy (4.05 million) and Rashtriya Chemicals & Fertilizers (3.84 million).
