Sensex gains over 100 points in early trade

Indian equities gained in early trade on Tuesday snapping earlier losses. At 09.18 a.m., the Sensex was trading up 110.32 points or 0.59% at 18,819.30 with 28 components gaining. Meanwhile, the Nifty was trading higher by 32.15 points or 0.57% at 5,708.15 with 46 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 87.27 points or 0.47% at 18,796.25, while the broad based NSE Nifty started with a rise of 32.15 points or 0.57%, at 5,708.15.

Sensex Movers

I C I C I Bank contributed rise of 21.61 points in the Sensex. It was followed by Infosys (14.49 points), H D F C Bank (14.15 points), Larsen & Toubro (13.36 points) and Reliance Industries (11.14 points).

However, Bharti Airtel contributed fall of 2.68 points in the Sensex. It was followed by D L F (2.14 points), Reliance Communications (0.15 points), Grasim Industries (0.22 points) and Hero Motocorp (0.44 points).

Biggest gainers in the 30-share index were Tata Motors (1.69%), Jindal Steel & Power (1.53%), I C I C I Bank (1.49%), Tata Steel (1.35%), Larsen & Toubro (1.29%), and Maruti Suzuki India (1.21%).

On the other hand, Bajaj Auto (2.38%), and Bharti Airtel (0.61%) were the major losers in the Sensex.

Sectors in Limelight

The Bankex index was at 13,197.84, up by 146.79 points or by 1.12%. The major gainers were H D F C Bank (1.01%), Bank Of India (1.01%), Bank Of Baroda (0.73%), Canara Bank (0.62%) and Federal Bank (0.54%).

The Metal index was at 10,605.92, up by 107.17 points or by 1.02%. The major gainers were Hindustan Zinc (1.78%), Jindal Steel & Power (1.53%), Hindalco Industries (1.04%), Bhushan Steel (0.96%) and Coal India (0.76%).

The Capital Goods index was at 11,135.01, up by 102.23 points or by 0.93%. The major gainers were BEML (1.13%), Crompton Greaves (0.89%), A B B (0.74%), Bharat Heavy Electricals (0.35%) and Bharat Electronics (0.3%).

On the other hand, the Realty index was at 1,880.69, down by 0.71 points or by 0.04%. The major losers were D L F (1.96%) and D B Realty (0.58%).

Market Breadth

Market breadth was positive with 583 advances against 126 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 23.36 million. It was followed by State Bank Of India (Rs. 17.93 million), CORE Education and Technologies (Rs. 15.74 million) and D L F (Rs. 14.54 million).

The volume chart was led by Cals Refineries with trades of over 0.23 million shares. It was followed by I V R C L (0.19 million), Lanco Infratech (0.17 million) and Gati (0.16 million).