Indian markets are trading in a sluggish manner despite positive opening of European market. Realty, metal and auto stocks traded lower.
At 1.47 p.m., the Sensex was trading down 38.31 points or 0.20% at 18,675.24 with 19 components falling. Meanwhile, the Nifty was trading lower by 10.50 points or 0.18% at 5,676.75 with 31 components falling.
European stocks advancedin early trade on Tuesday ahead ofGerman investor confidence report. U.S. futures were little changed, while Asian shares gained.
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
Tata Motors contributed fall of 12.77 points in the Sensex. It was followed by Mahindra & Mahindra (10.61 points), Hindustan Unilever (10.23 points), Reliance Industries (8.44 points) and HDFC Bank (6.54 points).
However, Housing Development Finance Corporation contributed rise of 14.75 points in the Sensex. It was followed by Bharti Airtel (9.12 points), Infosys (6.08 points), Tata Consultancy Services (4.52 points) and Maruti Suzuki India (4.37 points).
Biggest gainers in the 30-share index were Bharti Airtel (2.24%), Maruti Suzuki India (1.87%), Housing Development Finance Corporation (1.10%), Tata Consultancy Services (0.50%), Infosys (0.44%), and NTPC (0.36%).
On the other hand, Mahindra & Mahindra (2.29%), Tata Motors (2.12%), Hindustan Unilever (1.40%), Cipla (1.07%), Sterlite Industries (India) (0.98%), and Bharat Heavy Electricals (0.86%) were the biggest 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 Alstom India (1.79%), CORE Education and Technologies (1.47%), Aban Offshore (1.13%), AIA Engineering (0.89%) and Apollo Hospitals Enterprise (0.8%).The major gainers in the BSE Smallcap were Reliance MediaWorks (2.88%), Aarti Industries (0.93%), Action Construction Equipment (0.4%), Advanta India (0.18%) and Trident (0.11%).
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 Gujarat State Petronet (1.67%), Cairn India (1.53%), Petronet LNG (0.58%) and Indian Oil Corporation (0.37%).
The Realty index was at 1,894.71, up by 15.26 points or by 0.81%. The major gainers were DB Realty (4.96%), Godrej Properties (2.9%), Prestige Estates Projects (0.75%), Parsvnath Developers (0.38%) and Oberoi Realty (0.24%).
The IPO index was at 1,670.50, up by 11.71 points or by 0.71%. The major gainers were Bedmutha Industries (5.49%), Acropetal Technologies (3.27%), Commercial Engineers and Body Builders Company (2.24%), Flexituff International (0.92%) and Birla Pacific Medspa (0.78%).
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 Mahindra & Mahindra (2.29%) and Tata Motors (2.12%).
Market Breadth
Market breadth was negative with 1,342 advances against 1,379 declines.
Value and Volume Toppers
Yes Bank topped the value chart on the BSE with a turnover of Rs. 6,406.86 million. It was followed by United Spirits (Rs. 625.74 million), Reliance Industries (Rs. 563.68 million) and Axis Bank (Rs. 529.23 million).
The volume chart was led by Yes Bank with trades of over 16.70 million shares. It was followed by Essar Oil (3.17 million), Jain Irrigation Systems (2.75 million) and TV18 Broadcast (2.64 million).
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