Indian markets turned negative in post noon trade on Tuesday as European market opened in red afterMoodyâ™s Investors Service downgraded France and euro-area finance ministers prepared to meet. U.S. index futures declined, while Asian shares rose. At 1.56 p.m., the Sensex was trading down 3.51 points or 0.02% at 18,335.49 with 18 components falling. Meanwhile, the Nifty was trading higher by 0.90 points or 0.02% at 5,572.30 with 17 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 83.69 points or 0.46% at 18,422.69, while the broad based NSE Nifty started with a rise of 33.40 points or 0.60%, at 5,604.80.
Sensex Movers
Infosys contributed fall of 19.93 points in the Sensex. It was followed by State Bank Of India (7.95 points), Reliance Industries (7.46 points), Larsen & Toubro (5.74 points) and Reliance Communications (4.79 points).
However, Housing Development Finance Corporation contributed rise of 30.65 points in the Sensex. It was followed by Mahindra & Mahindra (11.87 points), HDFC Bank (8.84 points), Tata Power Company (3.92 points) and Wipro (3.42 points).
Major gainers in the 30-share index were Mahindra & Mahindra (2.44%), Housing Development Finance Corporation (2.18%), Tata Power Company (2.02%), Wipro (1.31%), GAIL (India) (0.93%), and HDFC Bank (0.62%).
On the other hand, Hindalco Industries (1.90%), Infosys (1.48%), Bajaj Auto (1.19%), State Bank Of India (1.19%), Hero Motocorp (1.04%), and Sterlite Industries (India) (0.72%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.49% and -0.52% respectively.The major losers in the BSE Midcap were Allahabad Bank(1.2%), Amara Raja Batteries (0.98%), A B G Shipyard (0.75%), Aban Offshore (0.73%) and CORE Education and Technologies (0.16%).The major losers in the BSE Smallcap were Action Construction Equipment (3%), Aarti Industries (2.05%), A2Z Maintenance & Engineering Services (0.93%), Trident (0.76%) and Styrolution ABS (India) (0.45%).
Sectors in Limelight
The Realty index was at 1,861.51, down by 28.06 points or by 1.48%. The major losers were D B Realty (3.8%), Indiabulls Real Estate (3.55%), Anant Raj Industries (3.48%), D L F (0.98%) and Godrej Properties (0.14%).
The TECk index was at 3,340.02, down by 21.79 points or by 0.65%. The major losers were Reliance MediaWorks (1.83%), Idea Cellular (1.54%), Dish TV India (1.26%), Oracle Financial Services Software (0.95%) and Bharti Airtel (0.21%).
The IT index was at 5,621.79, down by 31.77 points or by 0.56%. The major losers were Infosys (1.48%), H C L Technologies (1.1%), Oracle Financial Services Software (0.95%), CORE Education and Technologies (0.16%) and Tech Mahindra (0.02%).
On the other hand, the Auto index was at 10,544.57, up by 36.55 points or by 0.35%. The major gainers were Mahindra & Mahindra (2.44%), Tata Motors (0.45%), Bosch (0.28%) and Maruti Suzuki India (0.21%).
Market Breadth
Market breadth was negative with 1,070 advances against 1,640 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 718.11 million. It was followed by L&T Finance Holdings (Rs. 559.50 million), State Bank Of India (Rs. 512.89 million) and Zylog Systems (Rs. 417.67 million).
The volume chart was led by L&T Finance Holdings with trades of over 7.60 million shares. It was followed by Zylog Systems (5.85 million), Cals Refineries (5.16 million) and Kingfisher Airlines (4.10 million).
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