Indian equities continue to trade on a flat note on Tuesday. BSE Mid and Small-cap indices outperformed the benchmark indices. Consumer durables, oil & gas and Auto stocks traded lower, while capital goods gained the most.
Asian stocks swung between gains and losses amid concern over slowing corporate earnings growth and as Europe struggles to contain its debt crisis.
At 11.14., the Sensex was trading down 15.55 points or 0.08% at 18,777.89 with 16 components falling. Meanwhile, the Nifty was trading lower by 8.70 points or 0.15% at 5,708.45 with 28 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 10.18 points or 0.05% at 18,803.62, while the broad based NSE Nifty started with a fall of 1.50 points or 0.03%, at 5,715.65.
Sensex Movers
Reliance Industries contributed fall of
14.3 points in the Sensex. It was followed by H D F C Bank (10.92
points), I T C (10.35 points), Infosys (10.27 points) and Hero
Motocorp (4.2 points).
However, Larsen & Toubro contributed rise of 18.64 points in the Sensex. It was followed by I C I C I Bank (12.23 points), State Bank Of India (5.35 points), Hindustan Unilever (3.55 points) and Bharti Airtel (3.46 points).
Biggest gainers in the 30-share index were Larsen & Toubro (1.73%), I C I C I Bank (0.86%), Bharti Airtel (0.85%), Cipla (0.81%), State Bank Of India (0.75%), and Sterlite Industries (India) (0.55%).
On the other hand, Hero Motocorp (2.00%), Reliance Industries (0.83%), H D F C Bank (0.77%), Infosys (0.74%), Jindal Steel & Power (0.71%), and G A I L (India) (0.60%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.29% and 0.34% respectively. The major gainers in the BSE Midcap were A I A Engineering (4.41%), Allcargo Logistics (3.49%), A B G Shipyard (1.51%), Aban Offshore (1.25%) and Allahabad Bank (0.42%).The major gainers in the BSE Smallcap were Action Construction Equipment (3.67%), A2Z Maintenance & Engineering Services (1.26%), Styrolution ABS (India) (0.97%), Reliance MediaWorks (0.26%) and Aanjaneya Lifecare (0.12%).
Sectors in Limelight
The Consumer Durables index was at 7,228.03, down by 71.8 points or by 0.98%. The major losers were C.Mahendra Exports (3%), Blue Star (1.95%), Titan Industries (1.65%), Rajesh Exports (0.61%) and Bajaj Electricals (0.22%).
The Oil & Gas index was at 8,458.49, down by 40.38 points or by 0.48%. The major losers were Reliance Industries (0.83%), G A I L (India) (0.6%), Oil & Natural Gas Corporation (0.56%) and Oil India (0.15%).
The Auto index was at 10,191.78, down by 38.76 points or by 0.38%. The major losers were Hero Motocorp (2%), Bajaj Auto (0.53%), Exide Industries (0.53%), Mahindra & Mahindra (0.47%) and Bharat Forge (0.41%).
On the other hand, the Capital Goods index was at 11,350.89, up by 138.41 points or by 1.23%. The major gainers were A I A Engineering (4.41%), BEML (0.58%), Bharat Heavy Electricals (0.5%), A B B (0.43%) and Crompton Greaves (0.23%).
Market Breadth
Market breadth was positive with 1,257 advances against 998 declines.
Value and Volume Toppers
Larsen & Toubro topped the value chart on the BSE with a turnover of Rs. 289.60 million. It was followed by United Spirits (Rs. 226.05 million), State Bank Of India (Rs. 211.82 million) and Reliance Industries (Rs. 108.86 million).
The volume chart was led by Firstsource Solutions with trades of over 3.03 million shares. It was followed by Visagar Financial Services (2.12 million), Subex (1.85 million) and Indiabulls Infrastructure and Power (1.80 million).
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