Indian equities pared most of its gains towards the close as profit booking emerged at higher levels. At 2.56 p.m., the Sensex was trading up 43.21 points or 0.22% at 20,007.24 with 15 components gaining. Meanwhile, the Nifty was trading higher by 17 points or 0.28% at 6,056.20 with 24 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 74.64 points or 0.37% at 20,038.67, while the broad based NSE Nifty started with a rise of 20.65 points or 0.34%, at 6,059.85.
Oil & Natural Gas Corporation contributed rise of 57.46 points in the Sensex. It was followed by Housing Development Finance Corporation (18.68 points), I C I C I Bank (16.74 points), Reliance Industries (16.08 points) and NTPC (13.77 points).
However, Wipro contributed fall of 23.24 points in the Sensex. It was followed by H D F C Bank (21.01 points), Hindustan Unilever (12.29 points), Mahindra & Mahindra (10.29 points) and Tata Consultancy Services (9.94 points).
Biggest gainers in the 30-share index were Oil & Natural Gas Corporation (7.68%), NTPC (4.59%), Maruti Suzuki India (3.33%), G A I L (India) (1.49%), Housing Development Finance Corporation (1.25%), and I C I C I Bank (1.04%).
On the other hand, Wipro (7.49%), Hero Motocorp (2.94%), Jindal Steel & Power (2.40%), Sterlite Industries (India) (2.07%), Mahindra & Mahindra (1.99%), and Dr Reddy'S Laboratories (1.93%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.24% and -0.47% respectively.
The major losers in the BSE Midcap were Allcargo Logistics (1.52%), A I A Engineering (1.36%), CORE Education and Technologies (0.63%), Aban Offshore (0.11%) and Alstom India (0.08%).
The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (2.91%), Aarti Industries (1.46%), Action Construction Equipment (1.18%), Styrolution ABS (India) (0.82%) and Trident (0.56%).
Sectors in Limelight
The IT index was at 6,399.08, down by 79.98 points or by 1.23%. The major losers were Hexaware Technologies (2.57%), Tech Mahindra (1.8%), Infosys (0.39%), Oracle Financial Services Software (0.13%) and H C L Technologies (0.02%).
The TECk index was at 3,816.01, down by 45.06 points or by 1.17%. The major losers were Bharti Airtel (1.47%), Reliance MediaWorks (1.39%), Dish TV India (0.95%), D B Corp (0.56%) and Oracle Financial Services Software (0.13%).
The Auto index was at 11,280.38, down by 101.14 points or by 0.89%. The major losers were Exide Industries (8.85%), Cummins India (3.1%), Hero Motocorp (2.94%), Ashok Leyland (1.31%) and Bharat Forge (1.01%).
On the other hand, the Oil & Gas index was at 9,573.98, up by 290.19 points or by 3.13%. The major gainers were Indian Oil Corporation (10.57%), Oil India (9.57%), Bharat Petroleum Corporation (9.18%), Hindustan Petroleum Corporation (5.44%) and G A I L (India) (1.49%).
Market breadth was negative with 1,227 advances against 1,680 declines.
Value and Volume Toppers
Hindustan Petroleum Corporation topped the value chart on the BSE with a turnover of Rs. 880.35 million. It was followed by State Bank Of India (Rs. 710.74 million), Oil & Natural Gas Corporation (Rs. 690.56 million) and Indian Oil Corporation (Rs. 586.58 million).
The volume chart was led by Ashok Leyland with trades of over 10.15 million shares. It was followed by Unitech (5.50 million), Confidence Petroleum India (3.84 million) and Suzlon Energy (3.26 million).