Indian equities are trading marginally lower in early trade on Monday. At 10.08 a.m, the Sensex was trading down 16.82 points or 0.09% at 18,292.55 with 13 components falling. Meanwhile, the Nifty was trading lower by 10.40 points or 0.19% at 5,563.65 with 29 components falling.
The 30-share benchmark index, BSE Sensex opened with a gain of 40.16 points or 0.22% at 18,349.53, while the broad based NSE Nifty began flat with a gain of 3.25 points or 0.06%, at 5,577.30.
Reliance Industries contributed fall of 17.92 points in the Sensex. It was followed by Housing Development Finance Corporation (8.95 points), Hindustan Unilever (8.47 points), Tata Consultancy Services (6.21 points) and Larsen & Toubro (4.94 points).
However, Infosys contributed rise of 11.32 points in the Sensex. It was followed by Bharti Airtel (6.12 points), Maruti Suzuki India (5.77 points), Mahindra & Mahindra (5.65 points) and Oil & Natural Gas Corporation (4.52 points).
Major gainers in the 30-share index were Maruti Suzuki India (2.52%), Bharti Airtel (1.49%), Mahindra & Mahindra (1.21%), Bharat Heavy Electricals (0.89%), Infosys (0.86%), and NTPC (0.81%).
On the other hand, Hindustan Unilever (1.23%), Reliance Industries (1.09%), Sterlite Industries (India) (0.87%), Hindalco Industries (0.83%), Tata Consultancy Services (0.70%), and Housing Development Finance Corporation (0.66%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.37% and -0.27% respectively.
The major losers in the BSE Midcap were Allahabad Bank(1.93%), A B G Shipyard (0.5%), Allcargo Logistics (0.08%), Aban Offshore (0.07%) and CORE Education and Technologies (0.03%).
The major losers in the BSE Smallcap were Aanjaneya Lifecare (1.44%), Reliance MediaWorks (1.18%), Aarti Industries (0.83%), Adhunik Metaliks (0.76%) and Styrolution ABS (India) (0.1%).
Sectors in Limelight
The IPO index was at 1,795.05, down by 35.79 points or by 1.95%. The major losers were Claris Lifesciences (1.92%), Aanjaneya Lifecare (1.44%), Commercial Engineers and Body Builders Company (0.92%), BS TransComm (0.76%) and Acropetal Technologies (0.35%).
The Oil & Gas index was at 8,032.47, down by 34.11 points or by 0.42%. The major losers were Bharat Petroleum Corporation (1.34%), Petronet LNG (0.76%), Indian Oil Corporation (0.51%), Hindustan Petroleum Corporation (0.31%) and Gujarat State Petronet (0.14%).
The FMCG index was at 5,646.74, down by 22.85 points or by 0.4%. The major losers were Hindustan Unilever (1.23%), Dabur India (1.03%), Jubilant FoodWorks (0.31%), Colgate-Palmolive (India) (0.24%) and I T C (0.07%).
On the other hand, the Auto index was at 10,447.46, up by 47.25 points or by 0.45%. The major gainers were Maruti Suzuki India (2.52%), Mahindra & Mahindra (1.21%), Bajaj Auto (0.29%), Hero Motocorp (0.21%) and Bharat Forge (0.17%).
Market breadth was negative with 837 advances against 1,002 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 327.18 million. It was followed by L&T Finance Holdings (Rs. 278.36 million), Tata Coffee (Rs. 218.63 million) and State Bank Of India (Rs. 194.03 million).
The volume chart was led by L&T Finance Holdings with trades of over 3.60 million shares. It was followed by TV18 Broadcast (1.36 million), Lanco Infratech (1.00 million) and Kingfisher Airlines (0.99 million).