The Sensex fell 47.93 points to 28160.83 and the Nifty declined 11.65 points to 8510.50. About 1588 shares have advanced, 1161 shares declined, and 149 shares are unchanged on the BSE.
Shares of Reliance Industries, Lupin, NTPC, Vedanta, Hero Motocorp and Hindalco Industries fell 1-2.5 percent. However, HDFC and Coal India topped the buying list, up 1.7 percent and 2 percent, respectively. Granules India, Kotak Mahindra Bank, Wockhardt, L&T Finance, Jet Airways, SBI, HPCL and Axis Bank are the most active shares on exchanges. In the midcap space, Relaxo Footwear, Jet Airways, Mcleod Russel, Cox & Kings and Monsanto India rallied 6-9 percent. Smallcap stocks like Zodiac Clothing, Kwality, Jayshree Tea, Sagar Cement and Oriental Hotels surged 15-20 percent.
The market erased gains in afternoon trade, dragged by oil & gas, FMCG, capital goods and metals stocks. The Sensex fell 37.49 points to 28171.27 and the Nifty declined 11.45 points to 8510.70. However, the broader markets continued to outperform benchmarks. The BSE Midcap and Smallcap indices gained more than 0.4 percent. About 1620 shares have advanced, 1077 shares declined, and 157 shares are unchanged on the BSE.
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