The Sensex post railway budget and economy survey dropped on the back of profit taking. Metal stocks fell the most followed by realty and IT, while FMCG gained.All railway stocks were hammered badly due to disappointing Railway Budget. Kalindee Rail Nirman (7.15%), Kernex Microsystems (3.11%), Texmaco (3.44%), BEML (2.25%), Titagarh Wagons (5.7%) and Stone India (5.59%).
At 1.57 p.m., the Sensex was trading down 54.56 points or 0.31% at 17,577.85 with 23 components falling. Meanwhile, the Nifty was trading lower by 5.75 points or 0.11% at 5,256.95 with 34 components falling.
The 30-share benchmark index, BSE Sensex opened with a gain of 142.67 points or 0.81% at 17,775.08, while the broad based NSE Nifty started with a rise of 58.35 points or 1.11%, at 5,321.05.
Sensex Movers
Larsen & Toubro contributed fall of 22.11 points in the Sensex. It was followed by Hindalco Industries (14.54 points), H D F C Bank (12.36 points), Mahindra & Mahindra (9.39 points) and Tata Consultancy Services (9.22 points).
However, I C I C I Bank contributed rise of 41.54 points in the Sensex. It was followed by I T C (25.42 points), Tata Motors (16.19 points), State Bank Of India (11.14 points) and Bharti Airtel (4.58 points).
Biggest gainers in the 30-share index were Tata Motors (3.00%), I C I C I Bank (2.92%), I T C (2.51%), State Bank Of India (1.17%), Wipro (1.02%), and Bharti Airtel (0.86%).
On the other hand, Reliance Communications (6.00%), Reliance Energy (5.62%), Hindalco Industries (4.29%), Mahindra & Mahindra (2.43%), Sterlite Industries (India) (2.36%), and Larsen & Toubro (2.04%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.83% and 0.46% respectively.
The major losers in the BSE Midcap were A B G Shipyard (3.59%), A2Z Maintenance & Engineering Services (1.67%), Alstom Projects India (1.61%), A I A Engineering (1.05%) and Aban Offshore (0.06%).
The major losers in the BSE Smallcap were Reliance MediaWorks (4.87%), Provogue (India) (1.86%), Aarti Industries (1.64%), A K Capital Services (0.21%) and Action Construction Equipment (0.11%).
The major losers in the BSE Midcap were A B G Shipyard (3.59%), A2Z Maintenance & Engineering Services (1.67%), Alstom Projects India (1.61%), A I A Engineering (1.05%) and Aban Offshore (0.06%).
The major losers in the BSE Smallcap were Reliance MediaWorks (4.87%), Provogue (India) (1.86%), Aarti Industries (1.64%), A K Capital Services (0.21%) and Action Construction Equipment (0.11%).
Sectors in Limelight
The Metal index was at 15,084.14, down by 276.17 points or by 1.8%. The major losers were Hindalco Industries (4.29%), Hindustan Zinc (3.05%), Bhushan Steel (2.97%), Jindal Steel & Power (1.85%) and JSW Steel (1.58%).
The Realty index was at 1,924.61, down by 30.12 points or by 1.54%. The major losers were Anant Raj Industries (2.45%), Indiabulls Real Estate (2.38%), Mahindra Lifespace Developers (1.59%), D L F (1.38%) and Ackruti City (0.74%).
The IT index was at 6,090.80, down by 60.6 points or by 0.99%. The major losers were Mphasis (26.91%), Tech Mahindra (1.93%), Oracle Financial Services Software (1.01%), Core Projects and Technologies (0.75%) and Infosys Technologies (0.44%).
On the other hand, the FMCG index was at 3,270.98, up by 55.91 points or by 1.74%. The major gainers were United Spirits (4.57%), Godrej Consumer Products (3.76%), I T C (2.51%), Dabur India (0.41%) and Colgate-Palmolive (India) (0.4%).
Market Breadth
Market breadth was negative with 1,169 advances against 1,574 declines.
Value and Volume Toppers
Abc Gas (International) topped the value chart on the BSE with a turnover of Rs. 0.00 million. It was followed by Mphasis (Rs. 1,503.59 million), StateBank Of India (Rs. 1,394.20 million) and Tata Steel (Rs. 744.60 million).
The volume chart was led by Cals Refineries with trades of over 10.68 million shares. It was followed by Comfort Intech (5.04 million), Kalindee Rail Nirman (Engineers) (4.96 million) and Spicejet (3.71 million).
