Sensex falls over 130 points to end below 18,600

Indian equities dropped on Tuesday erasing earlier gains. At the close, the benchmark 30-share index, BSE Sensex declined 133.97 pointsor 0.72% at 18,579.58 with 23 components posting drop. Meanwhile, the broad based NSE Nifty went down by 42.35 or 0.74% at 5,644.90 with 40 components posting drop (provisional -updated as on 3.30 pm).

Sensex Movers

Reliance Industries contributed fall of 25.51 points in the Sensex. It was followed by Larsen & Toubro (17.14 points), Tata Motors (14.71 points), Mahindra & Mahindra (12.31 points) and I C I C I Bank (12.2 points).

However, Bharti Airtel contributed rise of 7.23 points in the Sensex. It was followed by Maruti Suzuki India (5.1 points), I T C (4.78 points), Grasim Industries (3.17 points) and Hero Motocorp (3.12 points).

Biggest gainers in the 30-share index were Maruti Suzuki India (2.20%), Bharti Airtel (1.79%), Hero Motocorp (1.50%), Sun Pharmaceutical Industries (0.29%), I T C (0.26%), and Housing Development Finance Corporation (0.16%).

On the other hand, Tata Steel (2.68%), Mahindra & Mahindra (2.67%), Tata Motors (2.45%), Hindalco Industries (2.42%), Tata Power Company (2.17%), and Bharat Heavy Electricals (2.07%) 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 (1.97%), CORE Education and Technologies (1.31%), Apollo Hospitals Enterprise (1.08%), Dish TV India (0.66%) and Astrazeneca Pharma India (0%).The major gainers in the BSE Smallcap were Aarti Industries (1.34%), Genesys International Corporation (0.85%), Reliance MediaWorks (0.79%), Aegis Logistics (0.65%) and Trident (0.56%).

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 (1.33%) and Gujarat State Petronet (1.11%).

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 (1.26%), Parsvnath Developers (0.63%) and Oberoi Realty (0.43%).

The IPO index was at 1,670.50, up by 11.71 points or by 0.71%. The major gainers were Bedmutha Industries (3%), Acropetal Technologies (2.94%), Commercial Engineers and Body Builders Company (1.93%), Future Ventures India (1.09%) and BS TransComm (0.62%).

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 (2.67%), Tata Motors (2.45%), Ashok Leyland (1.27%) and Bajaj Auto (0.27%).

Market Breadth

Market breadth was negative with 1,229 advances against 1,719 declines.

Value and Volume Toppers

Yes Bank topped the value chart on the BSE with a turnover of Rs. 6,832.99 million. It was followed by United Spirits (Rs. 1,158.00 million), Reliance Industries (Rs. 1,029.69 million) and State Bank Of India (Rs. 805.52 million).

The volume chart was led by Yes Bank with trades of over 17.97 million shares. It was followed by Shri Ganesh Spinners (15.30 million), Cals Refineries (12.62 million) and Jain Irrigation Systems (6.85 million).