Indian equities continued to trade on a flat note on Tuesday.
IT, metal and auto stocks gained while power, banking and PSU
stocks witnessed a fall. Investors awating for FOMC meet today.
At 2.35 pm, the Sensex was trading down 20.48 points or 0.10% at
19,721.99 with 17 components falling. Meanwhile, the Nifty was
trading lower by 5.60 points or 0.10% at 5,835.40 with 29
Housing Development Finance Corporation
contributed fall of 27.33 points in the Sensex. It was followed by
Oil & Natural Gas Corporation (23.95 points), I C I C I Bank
(19.72 points), Sun Pharmaceutical Industries (15.14 points) and
Larsen & Toubro (13.02 points).
However, I T C contributed rise of 14.24 points in the Sensex.
It was followed by Wipro (11.88 points), Tata Consultancy Services
(11.35 points), Infosys (8.16 points) and Tata Motors (7.47
Major gainers in the 30-share index were Wipro (4.30%), Dr
Reddy"S Laboratories (3.91%), G A I L (India) (1.57%), Jindal Steel
& Power (1.53%), Coal India (1.24%), and Tata Motors
On the other hand, Sun Pharmaceutical Industries (3.28%), Oil
& Natural Gas Corporation (2.75%), NTPC (2.34%), Housing
Development Finance Corporation (1.78%), Larsen & Toubro
(1.32%), and I C I C I Bank (1.25%) were the biggest losers in the
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts declining -0.43% and -0.20% respectively.The major
losers in the BSE Midcap were CORE Education and Technologies
(4.98%), A B G Shipyard (1.78%), Aban Offshore (1.1%), Alstom India
(0.58%) and A I A Engineering (0.31%).The major losers in the BSE
Smallcap were Dr Datsons Labs (4.91%), Styrolution ABS (India)
(4.02%), Aarti Industries (1.57%), Action Construction Equipment
(1%) and A2Z Maintenance & Engineering Services (0.99%).
Sectors in Limelight
The Power index was at 1,488.83, down by 20.03 points or by
1.33%. The major losers were JSW Energy (1.38%), C E S C (0.72%),
Crompton Greaves (0.39%), Reliance Infrastructure (0.35%) and
Bharat Heavy Electricals (0.11%).
The Bankex index was at 11,673.34, down by 130.92 points or by
1.11%. The major losers were Bank Of Baroda(3.32%), Canara Bank
(2.18%), Bank Of India (1.68%), Federal Bank (1.38%) and H D F C
On the other hand, the IT index was at 7,760.92, up by 103.05
points or by 1.35%. The major gainers were H C L Technologies
(3.44%), Tech Mahindra (1.48%), Tata Consultancy Services (1.1%),
Infosys (0.6%) and Oracle Financial Services Software (0.45%).
Market breadth was negative with 1,011 advances against 1,246
Value and Volume Toppers
Ranbaxy Laboratories topped the value chart on the BSE with a
turnover of Rs. 727.43 million. It was followed by Yes Bank (Rs.
505.27 million), Tech Mahindra (Rs. 450.09 million) and Sesa Goa
(Rs. 425.39 million).
The volume chart was led by Sesa Goa with trades of over 2.34
million shares. It was followed by Ranbaxy Laboratories (2.20
million), Jaiprakash Associates (2.05 million) and Yes Bank (1.68