Indian equities turned positive in afternoon tradeon Tuesday despite weak opening of European markets. Some buying interest is being witnessed in realty, healthcare and oil & gas stocks. However, metal and auto were underselling pressure.
On the other hand, European stocks fell for a second day amid concern developments in Spain or Germany will derail the European Central Bank"s bond-buying plan. Asian shares declined and U.S. index futures fluctuated.
At 1.05 pm, the Sensex was trading up 46.68 points or 0.26% at 17,813.46 with 15 components gaining. Meanwhile, the Nifty was trading higher by 7.95 points or 0.15% at 5,371.40 with 29 components gaining.
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
Housing Development Finance Corporation
contributed rise of 18 points in the Sensex. It was followed by I T
C (17.16 points), I C I C I Bank (9.9 points), Tata Consultancy
Services (7.75 points) and NTPC (3.81 points).
However, Sterlite Industries (India) contributed fall of 7.36 points in the Sensex. It was followed by H D F C Bank (4.36 points), Hero Motocorp (3.41 points), Larsen & Toubro (3.29 points) and Hindustan Unilever (2.32 points).
Major gainers in the 30-share index were G A I L (India) (1.85%), Housing Development Finance Corporation (1.39%), Bharat Heavy Electricals (1.19%), NTPC (1.14%), Maruti Suzuki India (1.00%), and I T C (1.00%).
On the other hand, Sterlite Industries (India) (4.17%), Jindal Steel & Power (2.76%), Hero Motocorp (1.60%), Wipro (0.65%), Tata Steel (0.57%), and Bharti Airtel (0.54%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.28% and 0.52% respectively. The major gainers in the BSE Midcap were CORE Education and Technologies (5.82%), Amtek Auto (3.03%), Amara Raja Batteries (0.37%), Amtek India (0.15%) and A B G Shipyard (0.07%).The major gainers in the BSE Smallcap were Styrolution ABS (India) (5.33%), Aarti Industries (3.85%), A B G Infralogistics (1.76%), Aanjaneya Lifecare (1.43%) and Trident (1.39%).
Sectors in Limelight
The Realty index was at 1,548.82, up by 8.92 points or by 0.58%. The major gainers were Anant Raj Industries (4.35%), Indiabulls Real Estate (1.36%), Oberoi Realty (0.87%), Godrej Properties (0.33%) and Phoenix Mills (0.06%).
The Oil & Gas index was at 8,416.04, up by 43.82 points or by 0.52%. The major gainers were Hindustan Petroleum Corporation (3.33%), Bharat Petroleum Corporation (2.32%), Indian Oil Corporation (2.07%), G A I L (India) (1.85%) and Cairn India (0.03%).
On the other hand, the Metal index was at 9,766.29, down by 140.58 points or by 1.42%. The major losers were Jindal Steel & Power (2.76%), NMDC (1.7%), JSW Steel (1.39%), Hindalco Industries (0.23%) and Coal India (0.14%).
Market Breadth
Market breadth was positive with 1,462 advances against 1,130 declines.
Value and Volume Toppers
State Bank of India topped the value chart on the BSE with a turnover of Rs. 337.04 million. It was followed by United Spirits (Rs. 248.57 million), Reliance Industries (Rs. 219.25 million) and Oracle Financial Services Software (Rs. 195.48 million).
The volume chart was led by Cals Refineries with trades of over 7.62 million shares. It was followed by Deccan Chronicle Holdings (2.39 million), Power Grid Corporation Of India (1.41 million) and ARSS Infrastructure Projects (1.28 million).
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