Indian markets pared some of its earlier gains to trade flat on Tuesday. The BSE Midcap and Smallcap index outperformed the benchmark indices.IT and consumer durables stocks gained, while oil & gas, auto and metal stocks witnessed profit booking.
At 11.12 a.m., the Sensex was trading up 26.05 points or 0.14% at 18,739.60 with 16 components gaining. Meanwhile, the Nifty was trading higher by 7.80 points or 0.14% at 5,695.05 with 31 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 71.20 points or 0.38% at 18,784.75, while the broad based NSE Nifty started with a rise of 18.35 points or 0.32%, at 5,705.60.
Sensex Movers
Housing Development Finance Corporation contributed rise of 14.44 points in the Sensex. It was followed by Tata Consultancy Services (10.19 points), Infosys (6.6 points), ITC (5.46 points) and Bharti Airtel (4.81 points).
However, Tata Motors contributed fall of 11.46 points in the Sensex. It was followed by HDFC Bank (6.12 points), Hindustan Unilever (4.94 points), Reliance Industries (3.56 points) and ACC (1.7 points).
Major gainers in the 30-share index were Maruti Suzuki India (1.18%), Bharti Airtel (1.18%), Tata Consultancy Services (1.13%), Housing Development Finance Corporation (1.07%), Tata Power Company (1.01%), and Sun Pharmaceutical Industries (0.63%).
On the other hand, Tata Motors (1.89%), GAIL (India) (0.79%), Hindustan Unilever (0.67%), Bharat Heavy Electricals (0.64%), HDFC Bank (0.43%), and Hindalco Industries (0.38%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.39% and 0.41% respectively. The major gainers in the BSE Midcap were CORE Education and Technologies (2.58%), Alstom India (1.55%), AIA Engineering (1.53%), Aban Offshore (0.69%) and Allahabad Bank (0.25%).The major gainers in the BSE Smallcap were Reliance MediaWorks (4.12%), Aegis Logistics (3.19%), Aarti Industries (1.92%), Action Construction Equipment (1.78%) and Advanta India (1.25%).
Sectors in Limelight
The Oil & Gas index was at 8,667.95, up by 79.29 points or by 0.92%. The major gainers were Cairn India (1.08%), Indian Oil Corporation (0.49%), Gujarat State Petronet (0.43%), Oil India (0.34%) and Oil & Natural Gas Corporation (0.13%).
The Realty index was at 1,894.71, up by 15.26 points or by 0.81%. The major gainers were D B Realty (4.96%), Godrej Properties (3.13%), Indiabulls Real Estate (1.41%), DLF (0.67%) and Housing Development and Infrastructure (0.37%).
The IPO index was at 1,670.50, up by 11.71 points or by 0.71%. The major gainers were Bedmutha Industries (1.91%), C.Mahendra Exports (1.32%), Birla Pacific Medspa (1.17%), Acropetal Technologies (0.65%) and BS TransComm (0.05%).
On the other hand, the Auto index was at 10,240.09, down by 3.74 points or by 0.04%. The major losers were Tata Motors (1.89%), Bajaj Auto (0.32%) and Hero Motocorp (0.19%).
Market Breadth
Market breadth was positive with 1,288 advances against 879 declines.
Value and Volume Toppers
Yes Bank topped the value chart on the BSE with a turnover of Rs. 6,182.70 million. It was followed by United Spirits (Rs. 354.93 million), Reliance Industries (Rs. 281.76 million) and Axis Bank (Rs. 247.02 million).
The volume chart was led by Yes Bank with trades of over 15.96 million shares. It was followed by Essar Oil (2.42 million), India Infoline (1.44 million) and Kingfisher Airlines (1.28 million).
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