Indian markets settled sharply lower on Wednesday led by losses in realty, IT and capital goods stocks. Moreover, rising inflation and weak industrial data announced last week also dampened the sentiment.
At the close, the benchmark 30-share index, BSE Sensex lost 207.70 points or 0.92% at 22,277.23 with 22 components posting drop. Meanwhile, the broad based NSE Nifty went down by 57.80 points or 0.86% at 6,675.30 with 37 components posting drop.
Sensex Movers
Infosys contributed fall of 49.05 points in the Sensex. It was followed by Housing Development Finance Corporation (33.48 points), Larsen & Toubro (32.1 points), Tata Consultancy Services (29.37 points) and Reliance Industries (15 points).
However, I T C contributed rise of 34.38 points in the Sensex. It was followed by I C I C I Bank (6.2 points), H D F C Bank (4.5 points), Tata Steel (3.68 points) and Maruti Suzuki India (1.86 points).
Major gainers in the 30-share index were I T C (1.44%), Tata Steel (1.31%), Hindalco Industries (0.86%), Maruti Suzuki India (0.61%), I C I C I Bank (0.35%), and H D F C Bank (0.26%).
On the other hand, Tata Power Company (3.61%), Infosys (3.19%), Bharat Heavy Electricals (3.17%), Wipro (2.90%), Larsen & Toubro (2.87%), and Tata Consultancy Services (2.51%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining 1.08% and 1.11% respectively.
The major losers in the BSE Midcap were CORE Education and Technologies (4.77%), A B G Shipyard (2.54%), Aban Offshore (2.31%), Alstom India (1.91%) and A I A Engineering (0.13%).
The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (5.59%), Dr Datsons Labs (4.43%), Trident (2.87%), Aarti Industries (2.74%) and Styrolution ABS (India) (1.67%).
Sectors in Limelight
The Realty index was at 1,452.25, down by 58.45 points or by 3.87%. The major losers were Anant Raj (6.53%), Housing Development and Infrastructure (6.41%), Indiabulls Real Estate (6.17%), D L F (4.76%) and Godrej Properties (2.22%).
The IT index was at 8,800.81, down by 224.83 points or by 2.49%. The major losers were Hexaware Technologies (3.19%), Infosys (3.19%), H C L Technologies (1.06%), Oracle Financial Services Software (0.75%) and Mphasis (0.22%).
The Capital Goods index was at 11,886.03, down by 301.04 points or by 2.47%. The major losers were Bharat Heavy Electricals (3.17%), Alstom India (1.91%), Bharat Electronics (1.51%), BEML (0.34%) and A I A Engineering (0.13%).
On the other hand, the FMCG index was at 6,919.88, up by 43.08 points or by 0.63%. The major gainers were I T C (1.44%), United Spirits (0.38%), Godrej Consumer Products (0.26%) and Dabur India (0.11%).
Market Breadth
Market breadth was negative with 1,133 advances against 1,675 declines.
Value and Volume Toppers
Adani Enterprises topped the value chart on the BSE with a turnover of Rs. 2,129.80 million. It was followed by Future Retail (Rs. 722.98 million), Infosys (Rs. 372.30 million) and Crompton Greaves (Rs. 335.83 million).
The volume chart was led by Kingfisher Airlines with trades of over 6.99 million shares. It was followed by Future Retail (6.59 million), Adani Enterprises (4.93 million) and Suzlon Energy (3 million).
