Indian equities bounced back on Tuesday snapping earlier losses. At 10.18. am, the Sensex was trading up 39.65 points or 0.20% at 19,500.22 with 20 components gaining. Meanwhile, the Nifty was trading higher by 11.75 points or 0.20% at 5,909.60 with 31 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 29.30 points or 0.15% at 19,489.87, while the broad based NSE Nifty started with a fall of 3.50 points or 0.06%, at 5,894.35.
Sensex Movers
Oil & Natural Gas Corporation contributed rise of 22.02 points in the Sensex. It was followed by I C I C I Bank (12.65 points), Tata Motors (4.61 points), Reliance Industries (4.59 points) and Larsen & Toubro (4 points).
However, Infosys contributed fall of 19.27 points in the Sensex. It was followed by Tata Consultancy Services (4.49 points), Reliance Communications (4.03 points), Jaiprakash Associates (3.4 points) and D L F (2.48 points).
Major gainers in the 30-share index were Oil & Natural Gas Corporation (2.79%), Maruti Suzuki India (1.10%), Bajaj Auto (0.95%), Dr Reddy'S Laboratories (0.89%), I C I C I Bank (0.82%), and Sun Pharmaceutical Industries (0.77%).
On the other hand, Jindal Steel & Power (1.87%), Sterlite Industries (India) (1.21%), Infosys (1.20%), Tata Power Company (0.97%), Tata Consultancy Services (0.46%), and Cipla (0.24%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.60% and -0.30% respectively.The major losers in the BSE Midcap were Amara Raja Batteries (2.22%), Amtek Auto (0.68%), Aban Offshore (0.37%), A B G Shipyard (0.3%) and Alstom India (0.1%).The major losers in the BSE Smallcap were Adhunik Metaliks (3.47%), A2Z Maintenance & Engineering Services (3.46%), Styrolution ABS (India) (1.2%), Aarti Industries (0.78%) and Action Construction Equipment (0.62%).
Sectors in Limelight
The PSU index was at 7,356.79, up by 59.68 points or by 0.82%. The major gainers were Bharat Heavy Electricals (0.53%), Bank Of Baroda (0.25%), Allahabad Bank (0.17%), Bank Of India (0.07%) and Andhra Bank (0.05%).
The Oil & Gas index was at 9,074.22, up by 74.07 points or by 0.82%. The major gainers were Indian Oil Corporation (1.02%), Cairn India (0.68%), Bharat Petroleum Corporation (0.67%), Hindustan Petroleum Corporation (0.56%) and G A I L (India) (0.19%).
The Realty index was at 2,051.02, down by 121.37 points or by 5.59%. The major losers were Housing Development and Infrastructure (5.82%), Indiabulls Real Estate (5.72%), Anant Raj (3.16%), D L F (2.19%) and Godrej Properties (0.83%).
The IT index was at 6,409.72, down by 45.86 points or by 0.71%. The major losers were Hexaware Technologies (1.78%), Mahindra Satyam (1.26%), Infosys (1.2%), Tata Consultancy Services (0.46%) and Wipro (0.04%).
Market Breadth
Market breadth was negative with 815 advances against 1,069 declines.
Value and Volume Toppers
Unitech topped the value chart on the BSE with a turnover of Rs. 327.96 million. It was followed by M M T C (Rs. 188.92 million), State Bank Of India (Rs. 154.67 million) and D B Realty (Rs. 154.15 million).
The volume chart was led by Unitech with trades of over 12.01 million shares. It was followed by Suzlon Energy (2.28 million), Housing Development and Infrastructure (2.09 million) and Kingfisher Airlines (1.65 million).
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