Indian markets are persistently trading on a flat note amid mixed trend seen in Asian markets. BSE Midcap and Smallcap index outperformed the benchmark indices. Oil & gas, metal and PSU stocks traded lower.

At 11.08 a.m., the Sensex was trading down 12.16 points or 0.07% at 18,671.52 with 19 components falling. Meanwhile, the Nifty was trading lower by 2 points or 0.04% at 5,684.25 with 29 components falling.

The 30-share benchmark index, BSE Sensex opened flat with a rise of 7.34 points or 0.04% at 18,691.02, while the broad based NSE Nifty began flat with a gain of 2.20 points or 0.04%, at 5,688.45.

Sensex Movers

Reliance Industries contributed fall of 16.28 points in the Sensex. It was followed by Tata Steel (6.46 points), State Bank Of India (4.78 points), Larsen & Toubro (4.7 points) and Oil & Natural Gas Corporation (3.77 points).

However, Tata Consultancy Services contributed rise of 13.4 points in the Sensex. It was followed by Bharti Airtel (6.76 points), HDFC Bank (5.56 points), Infosys (3.34 points) and Tata Motors (2.81 points).

Biggest gainers in the 30-share index were Bharti Airtel (1.62%), Tata Consultancy Services (1.47%), Sun Pharmaceutical Industries (0.50%), Tata Motors (0.48%), H D F C Bank (0.39%), and Wipro (0.38%).

On the other hand, Tata Steel (2.01%), Maruti Suzuki India (1.17%), Hero Motocorp (1.08%), Reliance Industries (0.97%), Coal India (0.97%), and Tata Power Company (0.94%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.16% and 0.19% respectively.

The major gainers in the BSE Midcap were Amtek India (2.18%), A I A Engineering (0.81%), Amara Raja Batteries (0.74%), Allcargo Logistics (0.42%) and Amtek Auto (0.42%).

The major gainers in the BSE Smallcap were Aegis Logistics (1.06%), Wagend Infra Venture (0.67%), Ahmednagar Forgings (0.55%), Reliance MediaWorks (0.29%) and Styrolution ABS (India) (0.03%).

Sectors in Limelight

The IPO index was at 1,737.77, up by 34.24 points or by 2.01%. The major gainers were Flexituff International (3.24%), BS TransComm (2.02%), Future Ventures India (2.02%), Bedmutha Industries (1.8%) and C.Mahendra Exports (1.64%).

The FMCG index was at 5,844.76, up by 59.44 points or by 1.03%. The major gainers were United Spirits (24.6%), Jubilant FoodWorks (0.89%), Godrej Consumer Products (0.42%), Hindustan Unilever (0.32%) and Colgate-Palmolive (India) (0.07%).

The Oil & Gas index was at 8,130.71, down by 55.23 points or by 0.67%. The major losers were Oil & Natural Gas Corporation (0.54%), Bharat Petroleum Corporation (0.35%), Cairn India (0.18%), Indian Oil Corporation (0.15%) and Gujarat State Petronet (0.13%).

The Metal index was at 10,070.85, down by 63.55 points or by 0.63%. The major losers were Coal India (0.97%), Bhushan Steel (0.39%), Hindustan Zinc (0.33%), Jindal Steel & Power (0.12%) and Hindalco Industries (0.09%).

Market Breadth

Market breadth was negative with 1,113 advances against 1,163 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 3,834.67 million. It was followed by Bharti Airtel (Rs. 1,101.33 million), Infosys (Rs. 919.42 million) and Reliance Industries (Rs. 860.06 million).

The volume chart was led by Cals Refineries with trades of over 6.95 million shares. It was followed by L&T Finance Holdings (5.75 million), Kingfisher Airlines (4.47 million) and Bharti Airtel (3.94 million).