Sensex Trading Flat, Mid-Cap & Small-Cap Outperform

The benchmark indices were seen trading in red in the opening session. The 30-share Sensex was down by 29 points at 27181 and 50-share Nifty was down by 13 points at 8132. However the broader markets continued to outperform the benchmark Sensex. The BSE mid-cap index was up by 0.04% and the small-cap index was up by 0.34%. The overall market breadth on BSE was negative as 873 shares advanced and 1027 shares declined. The volatility in the market is primarily due to profit booking by the investors ahead of the F&O expiry this week.

Tracking the momentum of the sectoral indices, BSE IT was the top gainer and was up by 0.89%. The major gainers in today's trade included the IT scrips like Wipro, HCL Tech, Tech Mahindra and TCS which gained about 1.74%, 1.71%, 1.60% and 1.37% respectively. Pidilite Industries was up by around 3% after the company announced completion of the acquisition of adhesive business of Blue Coat private limited. However, the losers in today's trade included DLF, Hindalco and M&M which declined by 3.18%, 1.57% and 1.46% respectively.

Further a mixed trend was seen in the Asian market, Japan's Nikkei declined by 0.71%. However, Hong Kong's Hang Seng and China's Shanghai were seen trading up by 0.03% and 0.65% respectively.