Indian markets continue to trade lower on Tuesday. Railway Minister Pawan Kumar Bansal started his rail budget speech in Lok Sabha on Tuesday, Feb. 26, 2013. Selling pressureis being witnessed in auto, oil & gas, capital goods and metal stocks. BSE midcap and Smallcap index underperformed the benchmark indices.At 11.54 a.m., the Sensex was trading down 129.13 points or 0.67% at 19,202.56 with 23 components falling. Meanwhile, the Nifty was trading lower by 39.70 points or 0.68% at 5,815.05 with 41 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 41.03 points or 0.21% at 19,290.66, while the broad based NSE Nifty started with a fall of 16.45 points or 0.28%, at 5,838.30.
Sensex Movers
I C I C I Bank contributed fall of 35.82 points in the Sensex. It was followed by Reliance Industries (28.38 points), Housing Development Finance Corporation (27.83 points), Oil & Natural Gas Corporation (18.08 points) and Tata Motors (17.69 points).
However, I T C contributed rise of 32.61 points in the Sensex. It was followed by Infosys (14.26 points), Bharti Airtel (13.97 points), Hindustan Unilever (8.73 points) and Tata Consultancy Services (7.26 points).
Major gainers in the 30-share index were Bharti Airtel (2.90%), I T C (1.73%), Hindustan Unilever (1.52%), Infosys (0.88%), Tata Consultancy Services (0.73%), and NTPC (0.63%).
On the other hand, Tata Motors (2.73%), Hindalco Industries (2.48%), I C I C I Bank (2.43%), Oil & Natural Gas Corporation (2.23%), Tata Steel (2.17%), and Bajaj Auto (2.05%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -1.15% and -1.44% respectively.The major losers in the BSE Midcap were A I A Engineering (3.02%), Aban Offshore (2.56%), Allcargo Logistics (1.95%), Alstom India (1.47%) and Allahabad Bank (1%).The major losers in the BSE Smallcap were Aanjaneya Lifecare (20%), Aarti Industries (2.8%), A2Z Maintenance & Engineering Services (1.96%), Trident (1.07%) and Styrolution ABS (India) (0.65%).
Sectors in Limelight
The Auto index was at 10,600.13, down by 184.74 points or by 1.71%. The major losers were Ashok Leyland (2.79%), Bajaj Auto (2.05%), Bharat Forge (1.85%), Mahindra & Mahindra (1.36%) and Hero Motocorp (1.2%).
The Oil & Gas index was at 8,817, down by 147.79 points or by 1.65%. The major losers were Indian Oil Corporation (2.17%), Bharat Petroleum Corporation (1.74%), Hindustan Petroleum Corporation (1.68%), G A I L (India) (1.47%) and Cairn India (0.63%).
On the other hand, the FMCG index was at 5,724.35, up by 65.49 points or by 1.16%. The major gainers were I T C (1.73%), Hindustan Unilever (1.52%), Dabur India (0.74%), Tata Global Beverages (0.6%) and Colgate-Palmolive (India) (0.01%).
Market Breadth
Market breadth was negative with 679 advances against 1,728 declines.
Value and Volume Toppers
Zee Entertainment Enterprises topped the value chart on the BSE with a turnover of Rs. 493.58 million. It was followed by State Bank Of India (Rs. 243.73 million), CORE Education and Technologies (Rs. 193.38 million) and United Spirits (Rs. 182.86 million).
The volume chart was led by Indiabulls Infrastructure and Power with trades of over 3.12 million shares. It was followed by Cals Refineries (3.03 million), Suzlon Energy (2.41 million) and TV18 Broadcast (2.28 million).
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