Indian markets ended higher on Tuesday. Buying inconsumer durables, ITandhealthcare sector supported the upsides. Lower opening of European indices as well as weaker US Futures also muted the upward movement.
At the close, the benchmark 30-share index, BSE Sensex added 84.38 pointsor 0.45% at 18,793.36 with 19 components registering rise. Meanwhile, the broad based NSE Nifty went up by 28.60 points or 0.50% at 5,704.60 with 32 components posting rise.Nidhi Sarswat, senior research analyst, Bonanza Portfolio, said,"Resistance is seen around 5,730-5,750 levels while support is seen at 5,680-5,650 in near term. In the coming sessions, 5,640 is a deciding level on downside. If Nifty goes below 5,640, further selling pressure may be seen upto 5,575-5,525. On the upsides, above 5750, further buying momentum is likely for a target of 5,825-5,900. Until these levels are crossed either way, near term trend remains indecisive and Nifty continues to trade in range."
Inflation data and IIP data shall be released in this week and shall impact the near term market trend. Also, after mid-October, September Q2 results are likely to start and will have stock and sector-specific impact."Sensex Movers
Infosys contributed rise of 27.66 points in the Sensex. It was followed by Larsen & Toubro (21.31 points), ICICI Bank (16.48 points), ITC (12.23 points) and HDFC Bank (10.77 points).
However, Bharti Airtel contributed fall of 8.02 points in the Sensex. It was followed by Reliance Industries (7.2 points), Tata Motors (5.89 points), Housing Development Finance Corporation (4.22 points) and Bharat Heavy Electricals (3.56 points).
Major gainers in the 30-share index were Larsen & Toubro (2.06%), Infosys (1.85%), Sun Pharmaceutical Industries (1.62%), Sterlite Industries (India) (1.59%), Hindustan Unilever (1.46%), and Cipla (1.14%).
On the other hand, GAIL (India) (2.77%), Bharti Airtel (1.83%), Hindalco Industries (1.62%), Bharat Heavy Electricals (1.52%), Tata Motors (0.95%), and NTPC (0.79%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap and Smallcap index rose 0.47% and 0.33% respectively.
Sectors in Limelight
The Consumer Durables index was at 7,152.50, up by 103.34 points or by 1.47%. The major gainers were Bajaj Electricals (6.21%), Rajesh Exports (5.48%), Titan Industries (1.42%), T T K Prestige (0.4%) and Gitanjali Gems (0.01%).
The HC index was at 7,601.72, up by 85.71 points or by 1.14%. The major gainers were Biocon (4.61%), Aurobindo Pharma (4.39%), Divis Laboratories (2.95%), Cipla (1.14%) and Cadila Healthcare (0.88%).
The IT index was at 5,892.16, up by 64.17 points or by 1.10%. The major gainers were Mphasis (2.08%), Infosys (1.85%), CORE Education and Technologies (0.98%), H C L Technologies (0.28%) and Hexaware Technologies (0.13%).
On the other hand, the Oil & Gas index was at 8,568.32, down by 38.57 points or by 0.45%. The major losers were GAIL (India) (2.77%), Indian Oil Corporation (0.56%), Gujarat State Petronet (0.43%), Oil & Natural Gas Corporation (0.43%) and Reliance Industries (0.4%).
Market Breadth
Market breadth was positive with 1,590 advances against 1,336 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 1,390.63 million. It was followed by State Bank Of India (Rs. 970.34 million), Housing Development and Infrastructure (Rs. 490.85 million) and Reliance Capital (Rs. 461.21 million).
The volume chart was led by IVRCL with trades of over 7.81 million shares. It was followed by Housing Development and Infrastructure (4.71 million), Lanco Infratech (4.45 million) and Alok Industries (3.66 million).
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