Indian equities are trading lower on Friday ahead of February IIP and retail inflation data. Oil & gas, capital goods and auto stocks witnessed a fall whereas realty stocks registered a rise.
Religare Institutional Research expects Feb IIP to decline 0.5%, despite an eight-core print of 4.5%, led by sustained pain in the manufacturing sector, even as electricity performs strongly.
At 2.27 p.m., the Sensex was trading down 130.62 points or 0.58% at 22,584.71 with 22 components falling. Meanwhile, the Nifty was trading lower by 37.95 points or 0.56% at 6,758.45 with 33 components falling.
Sensex Movers
Housing Development Finance Corporation contributed fall of 32.89 points in the Sensex. It was followed by Reliance Industries (31.57 points), I C I C I Bank (17.86 points), Larsen & Toubro (15.26 points) and Infosys (12.44 points).
However, Sun Pharmaceutical Industries contributed rise of 12.26 points in the Sensex. It was followed by H D F C Bank (3.74 points), Bharti Airtel (3.12 points), NTPC (2.87 points) and I T C (2.47 points).
Biggest gainers in the 30-share index were Sun Pharmaceutical Industries (2.32%), Dr Reddy'S Laboratories (1.25%), Cipla (1.14%), NTPC (0.69%), Tata Steel (0.68%), and Bharti Airtel (0.56%).
On the other hand, Housing Development Finance Corporation (1.87%), Mahindra & Mahindra (1.77%), Reliance Industries (1.63%), Hero Motocorp (1.37%), G A I L (India) (1.36%), and Larsen & Toubro (1.35%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.24% and 0.81% respectively.
The major gainers in the BSE Midcap were Amara Raja Batteries (3.12%), A I A Engineering (1.59%), Allcargo Logistics (1.3%), CORE Education and Technologies (1.12%) and Amtek Auto (0.57%).
The major gainers in the BSE Smallcap were Advanta (12.13%), Trident (2.23%), Aarti Industries (1.61%), A2Z Maintenance & Engineering Services (0.58%) and Reliance MediaWorks (0.34%).
Sectors in Limelight
The Oil & Gas index was at 9,661.84, down by 111.48 points or by 1.14%. The major losers were Indian Oil Corporation (1.64%), Hindustan Petroleum Corporation (1.56%), G A I L (India) (1.36%), Cairn India (0.64%) and Castrol India (0.05%).
The Capital Goods index was at 12,214.47, down by 112.08 points or by 0.91%. The major losers were Alstom T&D India (3.68%), Bharat Electronics (2.79%), Alstom India (2.08%), A B B India (1.03%) and Bharat Heavy Electricals (0.56%).
The Auto index was at 13,457.86, down by 114.68 points or by 0.84%. The major losers were Mahindra & Mahindra (1.77%), Bharat Forge (1.4%), Hero Motocorp (1.37%), Maruti Suzuki India (1.08%) and Bajaj Auto (0.63%).
On the other hand, the Realty index was at 1,570.94, up by 18.15 points or by 1.17%. The major gainers were Housing Development and Infrastructure (3.24%), Anant Raj (3.15%), Oberoi Realty (1.82%), Indiabulls Real Estate (1.04%) and D L F (0.34%).
Market Breadth
Market breadth was negative with 1,452 advances against 1,248 declines.
Value and Volume Toppers
Adani Enterprises topped the value chart on the BSE with a turnover of Rs. 969.97 million. It was followed by I T C (Rs. 626.62 million), Multi Commodity Exchange of India (Rs. 625.13 million) and Reliance Capital (Rs. 439.39 million).
The volume chart was led by Kingfisher Airlines with trades of over 9.01 million shares. It was followed by Unitech (6.48 million), Sanghi Industries (4.48 million) and Housing Development and Infrastructure (4.48 million).
