Indian markets declined further in the post noon trade on Friday due to heavy selling pressure seen in realty and oil & gas stocks. At 13.10 pm, the Sensex was trading down 77.87 points or 0.40% at 19,419.31 with 21 components falling. Meanwhile, the Nifty was trading lower by 31.90 points or 0.54% at 5,865.05 with 42 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 47.35 points or 0.24% at 19,449.83, while the broad based NSE Nifty started with a fall of 27.00 points or 0.46%, at 5,869.95.
Reliance Industries contributed fall of 27.53 points in the Sensex. It was followed by Infosys (12.71 points), Larsen & Toubro (8.36 points), Tata Steel (5.11 points) and I C I C I Bank (4.9 points).
However, H D F C Bank contributed rise of 4.06 points in the Sensex. It was followed by NTPC (3.25 points), Sun Pharmaceutical Industries (2.53 points), Housing Development Finance Corporation (1.7 points) and Tata Power Company (1.69 points).
Biggest gainers in the 30-share index were NTPC (1.14%), Tata Power Company (0.89%), Sun Pharmaceutical Industries (0.70%), Sterlite Industries (India) (0.41%), H D F C Bank (0.28%), and Tata Consultancy Services (0.12%).
On the other hand, Dr Reddy`S Laboratories (2.22%), Cipla (1.77%), Tata Steel (1.66%), Bajaj Auto (1.61%), Reliance Industries (1.53%), and Jindal Steel & Power (1.42%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.55% and -1.08% respectively.
The major losers in the BSE Midcap were Alstom India (1.32%), A B G Shipyard (1.13%), Aban Offshore (1.01%), CORE Education and Technologies (0.8%) and A I A Engineering (0.6%).
The major losers in the BSE Smallcap were Action Construction Equipment (7.72%), A2Z Maintenance & Engineering Services (6.8%), Adhunik Metaliks (2.49%), Aarti Industries (2.4%) and Trident (1.7%).
Sectors in Limelight
The Realty index was at 1,999.25, down by 38.1 points or by 1.87%. The major losers were D L F (3.8%), Housing Development and Infrastructure (2.81%), Oberoi Realty (2.69%), Anant Raj (1.55%) and Godrej Properties (0.67%).
The Oil & Gas index was at 8,886.88, down by 116.02 points or by 1.29%. The major losers were Cairn India (3.49%), Bharat Petroleum Corporation (3.21%), Indian Oil Corporation (1.5%), Hindustan Petroleum Corporation (1.21%) and G A I L (India) (0.19%).
The Capital Goods index was at 9,695.68, down by 80.45 points or by 0.82%. The major losers were BEML (2.07%), Alstom India (1.32%), A B B (1.28%), Bharat Electronics (1.03%) and A I A Engineering (0.6%).
Market breadth was negative with 835 advances against 1,805 declines.
Value and Volume Toppers
State Bank of India topped the value chart on the BSE with a turnover of Rs. 316.27 million. It was followed by Jet Airways (India) (Rs. 312.63 million), Reliance Capital (Rs. 284.44 million) and Suzlon Energy (Rs. 250.17 million).
The volume chart was led by Suzlon Energy with trades of over 11.56 million shares. It was followed by Birla Power Solutions (2.78 million), TV18 Broadcast (2.36 million) and Spicejet (1.75 million).