Indian markets dropped on Friday. At 10.56 a.m., the Sensex was trading down 96.27 points or 0.49% at 19,357.65 with 21 components falling. Meanwhile, the Nifty was trading lower by 35.50 points or 0.60% at 5,880.90 with 41 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 59.37 points or 0.31% at 19,394.55, while the broad based NSE Nifty started with a fall of 28.40 points or 0.48%, at 5,888.
I T C contributed fall of 23.35 points in the Sensex. It was followed by Housing Development Finance Corporation (16.43 points), H D F C Bank (15.73 points), Oil & Natural Gas Corporation (8.87 points) and Reliance Industries (8.85 points).
However, Infosys contributed rise of 7.57 points in the Sensex. It was followed by Hindustan Unilever (4.07 points), Tata Consultancy Services (3.25 points), Tata Steel (2.82 points) and Sterlite Industries (India) (1.48 points).
Biggest gainers in the 30-share index were Tata Steel (0.89%), Sterlite Industries (India) (0.74%), Cipla (0.67%), Hindustan Unilever (0.60%), Infosys (0.57%), and Tata Consultancy Services (0.37%).
On the other hand, Coal India (1.46%), Oil & Natural Gas Corporation (1.32%), Bharti Airtel (1.31%), Tata Motors (1.29%), I T C (1.20%), and Housing Development Finance Corporation (1.09%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts declining-0.43% and -0.39% respectively.
The major losers in the BSE Midcap were CORE Education and Technologies (1.48%), Allahabad Bank (1.07%), A B G Shipyard (0.84%), Aban Offshore (0.52%) and A I A Engineering (0.44%).
The major losers in the BSE Smallcap were Aarti Industries (1.43%), Aegis Logistics (1.1%), Trident (1.08%), Genesys International Corporation (0.82%) and Advanta India (0.32%).
Sectors in Limelight
The Auto index was at 11,306.84, down by 100.15 points or by 0.88%. The major losers were Exide Industries (1.01%), Ashok Leyland (0.92%), Bajaj Auto (0.5%), Bharat Forge (0.31%) and Hero Motocorp (0.04%).
The Oil & Gas index was at 8,400.39, down by 68.85 points or by 0.81%. The major losers were Cairn India (2.62%), G A I L (India) (0.87%), Hindustan Petroleum Corporation (0.51%), Bharat Petroleum Corporation (0.37%) and Gujarat State Petronet (0.26%).
The Realty index was at 2,107.03, down by 16.05 points or by 0.76%. The major losers were Housing Development and Infrastructure (1.94%), D B Realty (1.86%), Anant Raj (1.4%), Indiabulls Real Estate (1.15%) and Godrej Properties (0.3%).
On the other hand, the IT index was at 5,657.99, up by 20.09 points or by 0.36%. The major gainers were Hexaware Technologies (1.37%), Oracle Financial Services Software (1.08%), Infosys (0.57%), Tata Consultancy Services (0.37%) and Wipro (0.16%).
Market breadth was negative with 873 advances against 1,348 declines.
Value and Volume Toppers
Persistent Systems topped the value chart on the BSE with a turnover of Rs. 398.85 million. It was followed by Jet Airways (India) (Rs. 374.16 million), United Spirits (Rs. 263.64 million) and State Bank Of India (Rs. 204.86 million).
The volume chart was led by G T L Infrastructure with trades of over 10.33 million shares. It was followed by Kingfisher Airlines (2.48 million), Marksans Pharma (2.41 million) and Spicejet (1.57 million).