Indian equities dropped on Tuesday. At 10.05 a.m., the Sensex
was trading down 51.15 points or 0.29% at 17,333.25 with 22
components falling. Meanwhile, the Nifty was trading lower by 13
points or 0.25% at 5,240.75 with 35 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a
decline of 5.72 points or 0.03% at 17,378.68, while the broad based
NSE Nifty started with a fall of 4.60 points or 0.09%, at
5,249.15."Investors continue to tread cautiously amid lack of
progress on policy reforms. The ongoing spat between the government
and the BJP over the controversial coal block allocations continues
to dampen the sentiment. Economic data continues to be downbeat,
with the first-quarter GDP growth just about holding above the 5%
mark. The HSBC manufacturing PMI in August was near nine-month lows
while exports slumped sharply in July," said India Infoline.
Housing Development Finance Corporation
contributed fall of 13.8 points in the Sensex. It was followed by
Infosys (13.51 points), I C I C I Bank (8.65 points), Tata
Consultancy Services (7.84 points) and NTPC (5.87 points).
However, Reliance Industries contributed rise of 16.89 points in
the Sensex. It was followed by Larsen & Toubro (4.56 points),
Tata Motors (3.15 points), State Bank Of India (1.63 points) and
Tata Steel (1.41 points).
Biggest gainers in the 30-share index were Reliance Industries
(1.05%), Tata Motors (0.61%), Larsen & Toubro (0.52%), Dr
Reddy"S Laboratories (0.50%), Tata Steel (0.49%), and Sterlite
Industries (India) (0.37%).
On the other hand, NTPC (1.80%), Bharti Airtel (1.52%), Housing
Development Finance Corporation (1.07%), Cipla (1.04%), Tata Power
Company (1.02%), and Infosys (0.99%) were the major losers in the
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.08% and 0.11% respectively. The major
gainers in the BSE Midcap were Amtek India (0.92%), Apollo Tyres
(0.82%), Aban Offshore (0.65%), Amara Raja Batteries (0.48%) and
CORE Education and Technologies (0.12%).The major gainers in the
BSE Smallcap were A2Z Maintenance & Engineering Services
(2.27%), Reliance MediaWorks (1.69%), Aarti Industries (1.32%),
Advanta India (1.22%) and Aanjaneya Lifecare (0.38%).
Sectors in Limelight
The IT index was at 5,688.22, down by 46.15 points or by 0.8%.
The major losers were Infosys (0.99%), Tata Consultancy Services
(0.84%), Wipro (0.78%), H C L Technologies (0.57%) and Oracle
Financial Services Software (0.49%).
The TECk index was at 3,225.62, down by 21.99 points or by
0.68%. The major losers were Bharti Airtel (1.52%), Tata
Teleservices (Maharashtra) (0.84%), H C L Technologies (0.57%),
Oracle Financial Services Software (0.49%) and Idea Cellular
The Power index was at 1,867.09, down by 5.98 points or by
0.32%. The major losers were NTPC (1.8%), Crompton Greaves (0.8%),
Bharat Heavy Electricals (0.76%), JSW Energy (0.11%) and A B B
On the other hand, the Realty index was at 1,505.93, up by 8.04
points or by 0.54%. The major gainers were D L F (0.92%),
Indiabulls Real Estate (0.36%), Housing Development and
Infrastructure (0.22%), Oberoi Realty (0.22%) and Godrej Properties
Market breadth was negative with 851 advances against 813
Value and Volume Toppers
Torrent Power topped the value chart on the BSE with a turnover
of Rs. 512.34 million. It was followed by United Spirits (Rs.
242.55 million), State Bank Of India (Rs. 90.36 million) and
Prakash Steelage (Rs. 72.34 million).
The volume chart was led by Torrent Power with trades of over
3.24 million shares. It was followed by S Kumars Nationwide (0.86
million), I F C I (0.70 million) and Kingfisher Airlines (0.67