Indian equities continued to gain in early trade for the second day on Monday. The Sensex opened on a flat note on the back of mixed Asian shares. FMCG, Banking and oil & gas stocks dipped, while realty, metal and auto moved up. The 30-share benchmark index, BSE Sensex opened flat with a rise of 15.69 points or 0.10% at 15,931.34, while the broad based NSE Nifty started with a fall of 44.50 points or 0.94%, at 4,712.75.

At 9.03 a.m., the Sensex was trading down 23.36 points or 0.15% at 15,892.29 with 28 components falling. Meanwhile, the Nifty was trading lower by 5.35 points or 0.11% at 4,751.90 with 44 components falling.

On global front, Asian stocks fluctuated as Japanese consumer-related companies declined following disappointing earnings, while Australian commodity producers climbed.

Sensex Movers

Infosys Technologies contributed fall of 18.78 points in the Sensex. It was followed by Reliance Industries (14.2 points), Oil & Natural Gas Corporation (8.6 points), Housing Development Finance Corporation (8.55 points) and ICICI Bank (8.49 points).

However, Hindustan Unilever contributed rise of 1.37 points in the Sensex. It was followed by Reliance Infrastructure (0.1 points), State Bank Of India (0.12 points), Sterlite Industries (India) (0.12 points) and Jaiprakash Associates (0.17 points).

Major gainers in the 30-share index were Hindustan Unilever (0.41%), Reliance Capital (0.29%), and Reliance Energy (0.05%).

On the other hand, Bharat Heavy Electricals (1.45%), Oil & Natural Gas Corporation (1.42%), Infosys Technologies (1.22%), Housing Development Finance Corporation (1.08%), Wipro (0.91%), and Grasim Industries (0.87%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.15% and 0.42% respectively. The major gainers in the BSE Midcap were Allcargo Global Logistics (1.27%), Core Projects and Technologies (0.73%), A I A Engineering (0.69%), Alstom Projects India (0.59%) and Amtek Auto (0.23%).

The major gainers in the BSE Smallcap were A B G Infralogistics (3.14%), Genesys International Corporation (1.8%), Aarti Industries (1.77%), Ador Welding (1.39%) and A B G Shipyard (0.35%).

Sectors in Limelight

The IT index was at 4,819.60, down by 26.26 points or by 0.54%. The major losers were H C L Technologies (1.41%), Infosys Technologies (1.22%), Moser Baer (India) (0.67%), Oracle Financial Services Software (0.53%) and Tech Mahindra (0.32%).

The Capital Goods index was at 12,840.68, down by 69.86 points or by 0.54%. The major losers were Bharat Heavy Electricals (1.45%), Bharat Electronics (0.53%), Bharat Bijlee (0.36%), Havell`S India (0.29%) and A B B (0.08%).

The Oil & Gas index was at 9,652.17, down by 42.31 points or by 0.44%. The major losers were Oil & Natural Gas Corporation (1.42%), Cairn India (0.57%), Bharat Petroleum Corporation (0.57%), Aban Offshore (0.37%) and G A I L (India) (0.18%).

On the other hand, the IPO index was at 1,946.54, up by 5.56 points or by 0.29%. The major gainers were Gokul Refoils and Solvent (5.14%), KSK Energy Ventures (4.89%), Cox and Kings (India) (0.93%), MBL Infrastructures (0.22%) and Adani Power (0.19%).

Market Breadth

Market breadth was positive with 481 advances against 350 declines.

Value and Volume Toppers

Jubilant FoodWorks topped the value chart on the BSE with a turnover of Rs. 150.93 million. It was followed by Amtek Auto (Rs. 15.98 million), Ceekay Daikin (Rs. 15.37 million) and JSW Steel (Rs. 14.10 million).

The volume chart was led by Jubilant FoodWorks with trades of over 0.83 million shares. It was followed by Shree Ashtavinayak Cine Vision (0.28 million), Spicejet (0.19 million) and Reliance Media World (0.15 million).

Listing 

Equity shares of Jubilant FoodWorks listed today with good premium. Shares of the company were listed at Rs 160 a share, a premium of against its issue price of Rs 145 a share on the National Stock Exchange (NSE).

Currently, the shares of the company are trading at Rs 197.20, higher by 36% against its issue price after touching a high of Rs 198 and a low of Rs 160 a share. A total of 4,160,002 shares were traded at the NSE.