The Sensex continues to trade lower as selling is being witnessed in select index heavy weights amid negative Asian shares.Realty, banking and PSU stocks dipped, while FMCG and metal edged higher. At 9.53 a.m., the Sensex was trading down 37.51 points or 0.22% at 17,129.11 with 19 components falling. Meanwhile, the Nifty was trading lower by 14.10 points or 0.27% at 5,122.90 with 35 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 0.35 points at 17,166.97, while the broad based NSE Nifty started with a fall of 5.20 points or 0.10%, at 5,131.80.
On global front, Asian stocks dropped in early trade on Monday. Consumer shares rose after U.S. retail sales unexpectedly gained, while gold producers fell as prices of the precious metal declined.
Sensex Movers
ICICI Bank contributed fall of 21.89 points in the Sensex. It was followed by Housing Development Finance Corporation (7.79 points), State Bank Of India (6.66 points), Infosys Technologies (6.57 points) and Reliance Industries (4.89 points).
However, Tata Steel contributed rise of 5.55 points in the Sensex. It was followed by Hindustan Unilever (4.94 points), Tata Consultancy Services (4.64 points), ITC (3.41 points) and Wipro (2.85 points).
Biggest gainers in the 30-share index were Hindustan Unilever (1.43%), Tata Steel (1.09%), Wipro (1.05%), Tata Consultancy Services (0.78%), Reliance Communications (0.73%), and Tata Motors (0.46%).
On the other hand, ICICI Bank (1.61%), Sun Pharmaceutical Industries (1.36%), Reliance Infrastructure (1.07%), DLF (1.06%), ACC (0.97%), and Housing Development Finance Corporation (0.88%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6672.4 down by 28.45 points or by 0.42%. The major losers were Reliance MediaWorks (1.41%), Alstom Projects India (0.98%), Core Projects and Technologies (0.95%), Alfa-Laval (India) (0.64%) and A I A Engineering (0.33%).
The BSE Smallcap index was at 8425.22 down by 7.28 points or by 0.09%. The major losers were Ahmednagar Forgings (1.5%), Abhishek Industries (0.83%), Alok Industries (0.65%), Ador Welding (0.31%) and Ahluwalia Contracts (India) (0.25%).
Sectors in Limelight
The Realty index was at 3,352.99, down by 34.93 points or by 1.03%. The major losers were Anant Raj Industries (2.41%), Indiabulls Real Estate (1.29%), D L F (1.06%), Mahindra Lifespace Developers (0.32%) and Ansal Properties and Infrastructure (0.13%).
The Bankex index was at 10,256.11, down by 85.09 points or by 0.82%. The major losers were Federal Bank (1.42%), Canara Bank (0.87%), Allahabad Bank (0.79%), Bank Of India (0.59%) and Bank Of Baroda (0.41%).
The Capital Goods index was at 13,721.14, down by 62.89 points or by 0.46%. The major losers were BEML (1.69%), Alstom Projects India (0.98%), A B B (0.9%), Bharat Bijlee (0.62%) and A I A Engineering (0.33%).
On the other hand, the FMCG index was at 2,810.85, up by 15.97 points or by 0.57%. The major gainers were Godrej Consumer Products (3.34%), Hindustan Unilever (1.43%), United Spirits (0.65%), Colgate-Palmolive (India) (0.41%) and I T C (0.39%).
Market Breadth
Market breadth was negative with 920 advances against 1,226 declines.
Value and Volume Toppers
Sesa Goa topped the value chart on the BSE with a turnover of Rs. 212.77 million. It was followed by Bharti Airtel (Rs. 210.31 million), Ackruti City (Rs. 206.12 million) and Tata Steel (Rs. 187.91 million).
The volume chart was led by Cals Refineries with trades of over 3.67 million shares. It was followed by Tamboli Capital (2.29 million), Shree Ashtavinayak Cine Vision (2.19 million) and Digjam (1.78 million).
