Indian equities fell marginallyin early trade on Tuesdayamidweak Asian markets. The BSE Midcap and Smallcap index outperformed both Sensex and Nifty. Metal, auto and capital goods traded lower.
At 10.53 am, the Sensex was trading down 31.69 points or 0.18% at 17,735.09 with 18 components falling. Meanwhile, the Nifty was trading lower by 11.95 points or 0.22% at 5,351.50 with 29 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 54.98 points or 0.31% at 17,711.80, while the broad based NSE Nifty started with a fall of 27.35 points or 0.51%, at 5,336.10.
Sensex Movers
HDFC Bank contributed fall of 11.23 points in the Sensex. It was followed by Larsen & Toubro (8.17 points), Sterlite Industries (India) (7.95 points), Bharti Airtel (6.66 points) and Hero Motocorp (5.62 points).
However, Housing Development Finance Corporation contributed rise of 9 points in the Sensex. It was followed by Oil & Natural Gas Corporation (6.15 points), Reliance Industries (5.91 points), Sun Pharmaceutical Industries (4.22 points) and I T C (3.22 points).
Biggest gainers in the 30-share index were Sun Pharmaceutical Industries (1.29%), GAIL (India) (1.09%), Bharat Heavy Electricals (0.91%), Oil & Natural Gas Corporation (0.88%), Dr Reddy"s Laboratories (0.71%), and Housing Development Finance Corporation (0.70%).
On the other hand, Sterlite Industries (India) (4.53%), Hero Motocorp (2.64%), Jindal Steel & Power (2.52%), Bharti Airtel (1.67%), Hindalco Industries (0.93%), and Tata Steel (0.92%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.13% and 0.20% respectively. The major gainers in the BSE Midcap were CORE Education and Technologies (6.15%), Amtek India (0.81%), A B G Shipyard (0.4%), Anant Raj Industries (0.34%) and Amtek Auto (0.17%).The major gainers in the BSE Smallcap were Aarti Industries (4.92%), Aanjaneya Lifecare (2.06%), Trident (1.97%), Styrolution ABS (India) (1.13%) and A2Z Maintenance & Engineering Services (0.32%).
Sectors in Limelight
The Metal index was at 9,727.68, down by 179.19 points or by 1.81%. The major losers were Jindal Steel & Power (2.52%), JSW Steel (1.43%), Hindalco Industries (0.93%), Coal India (0.63%) and Hindustan Zinc (0.35%).
The Auto index was at 9,514.88, down by 71.45 points or by 0.75%. The major losers were Hero Motocorp (2.64%), Ashok Leyland (1.66%), Bajaj Auto (0.87%), Exide Industries (0.73%) and Cummins India (0.58%).
The Capital Goods index was at 9,496.18, down by 40.55 points or by 0.43%. The major losers were BEML (1.68%), AIA Engineering (1.47%), Crompton Greaves (0.81%), Alstom India (0.81%) and Bharat Electronics (0.08%).
On the other hand, the HC index was at 7,756.89, up by 41.78 points or by 0.54%. The major gainers were Cadila Healthcare (1.15%), Cipla (0.41%), Divis Laboratories (0.32%), Apollo Hospitals Enterprise (0.3%) and Biocon (0.13%).
Market Breadth
Market breadth was positive with 1,123 advances against 984 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 173.70 million. It was followed by State Bank Of India (Rs. 165.83 million), Fulford (India) (Rs. 107.82 million) and Adani Enterprises (Rs. 90.74 million).
The volume chart was led by Cals Refineries with trades of over 1.16 million shares. It was followed by ARSS Infrastructure Projects (0.96 million), Unitech (0.79 million) and Suven Life Sciences (0.77 million).
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