Indian equities dropped on Friday as investors preferred to book profit at higher level amid mixed global markets. Investors are cautious on how the government will push important bills in the parliament following favourable vote on FDI in retail in the both Lok and Rajya Sabha.
The benchmark 30-share index, BSE Sensex lost 62.70 points or 0.32% at 19,424.10 with 19 components posting drop. Meanwhile, the broad based NSE Nifty fell by 23.50 or 0.40% at 5,907.40 with 37 components registering drop.
Reliance Industries contributed fall of 14.79 points in the Sensex. It was followed by Housing Development Finance Corporation (11.69 points), Infosys (11.31 points), Tata Consultancy Services (10.26 points) and I C I C I Bank (5.54 points).
However, Maruti Suzuki India contributed rise of 4.91 points in the Sensex. It was followed by Mahindra & Mahindra (3.79 points), Tata Motors (3.5 points), Tata Power Company (1.85 points) and Bharat Heavy Electricals (1.82 points).
Major gainers in the 30-share index were Maruti Suzuki India (1.94%), Tata Power Company (0.87%), Bharat Heavy Electricals (0.77%), Mahindra & Mahindra (0.74%), Hindalco Industries (0.69%), and Jindal Steel & Power (0.63%).
On the other hand, Sterlite Industries (India) (2.25%), Tata Steel (1.19%), Tata Consultancy Services (1.13%), Reliance Industries (0.89%), Sun Pharmaceutical Industries (0.85%), and Bajaj Auto (0.82%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps dropped less compared to their larger counterparts declining -0.08% and -0.10% respectively.
The major losers in the BSE Midcap were A I A Engineering (1.32%), Aban Offshore (0.78%), A B G Shipyard (0.4%), Alstom India (0.2%) and CORE Education and Technologies (0.15%).
The major losers in the BSE Smallcap were Aarti Industries (2.52%), Action Construction Equipment (1.18%), Adhunik Metaliks (1.13%), A2Z Maintenance & Engineering Services (0.73%) and Styrolution ABS (India) (0.52%).
Sectors in Limelight
The Realty index was at 2,101.86, down by 35.97 points or by 1.68%. The major losers were D B Realty (4.77%), D L F (2.52%), Indiabulls Real Estate (2.43%), Anant Raj Industries (2.34%) and Housing Development and Infrastructure (1.27%).
The IT index was at 5,644.41, down by 55.84 points or by 0.98%. The major losers were Hexaware Technologies (9.3%), H C L Technologies (2.15%), Mphasis (1.93%), Oracle Financial Services Software (0.63%) and CORE Education and Technologies (0.15%).
The TECk index was at 3,410.97, down by 33.05 points or by 0.96%. The major losers were Reliance MediaWorks (3.04%), Mphasis (1.93%), Idea Cellular (1.27%), Bharti Airtel (0.71%) and Dish TV India (0.49%).
Market breadth was negative with 1,479 advances against 1,509 declines.
Value and Volume Toppers
Axis Bank topped the value chart on the BSE with a turnover of Rs. 1,407.75 million. It was followed by State Bank Of India (Rs. 1,132.47 million), United Spirits (Rs. 891.26 million) and Pantaloon Retail (India) (Rs. 787.21 million).
The volume chart was led by Kingfisher Airlines with trades of over 9.45 million shares. It was followed by Spicejet (7.32 million), Unitech (6.99 million) and Lanco Infratech (6.38 million).