The market edged lower in opening trade, extending the decline for the fifth straight session. Weak Asian markets and soaring crude oil prices dampened the sentiments. Investors were also cautious ahead of the inflation data for the year through 26 April 2008 which is expected by 12:00 IST.
IT and banking shares were hammered. Realty stocks were in positive territory. The market breadth was positive.
Asian markets were trading lower. Key indices in China, Hong Kong, Japan, Singapore, South Korea and Taiwan were down by 0.24% to 1.93%.
At 10:20 IST, the 30-share BSE Sensex was down 18.43 points or 0.11% at 17,062.22. The index lost 106.03 points at day’s low of 16,974.62, hit in early trade.
The broader based S&P CNX Nifty was down 6.65 points or 0.13% at 5075.05.
The market breadth was positive on BSE with 898 shares advancing as compared to 720 stocks that declined. 42 stocks remained unchanged.
The BSE Mid-Cap index rose 0.09% to 7,159.65 and BSE Small-Cap index rose 0.23% to 8,709.04.
India’s largest private sector firm by market capitalisation and oil refiner Reliance Industries fell 0.16% at Rs 2662.
India’s largest private sector bank by assets ICICI Bank fell 0.43% to Rs 887.50.
India’s largest engineering and construction firm by revenue Larsen & Toubro rose 1.69% to Rs 2935.
The top Sensex gainers were, Bharti Airtel (up 2.43% at Rs 847), DLF (up 1.68% at Rs 654.60), Grasim Industries (up 1.12% at Rs 2356.10), Reliance Communication (up 0.41% at Rs 545.15), Cipla (up 0.45% at Rs 212.50), and ITC (up 0.21% at Rs 215.50).
Top Sensex losers were Housing Development Finance Corporation (down 1.21% at Rs 2687.70), ACC (down 1.18% at Rs 735), Bharat Heavy Electricals (up 1.06% at Rs 1741.50), Infosys Technologies (down 0.44% at Rs 1773), and Hindustan Unilever (down 0.60% at Rs 249.45).
Aishwarya Telecom was the top traded counter in terms of turnover. The stock was up 2.31% at Rs 99.70 on a turnover of Rs 93.12 crore.
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