Indian equities dropped on Tuesday erasing earlier gains. At 11.12 a.m., the Sensex was trading down 29.79 points or 0.16% at 18,512.52 with 17 components falling. Meanwhile, the Nifty was trading lower by 3.35 points or 0.06% at 5,606.65 with 24 components falling.
The 30-share benchmark index, BSE Sensex opened with a decline of 27.59 points or 0.15% at 18,514.72, while the broad based NSE Nifty started with a fall of 7.60 points or 0.14%, at 5,602.40.
Sensex Movers
Housing Development Finance Corporation
contributed fall of 28.29 points in the Sensex. It was followed by
I C I C I Bank (20.41 points), Reliance Industries (17.61 points),
Tata Consultancy Services (13.07 points) and Wipro (6.34
points).
However, Infosys contributed rise of 30.18 points in the Sensex. It was followed by I T C (28.13 points), State Bank Of India (11.18 points), Reliance Communications (5.72 points) and Bharti Airtel (4.99 points).
Major gainers in the 30-share index were Bharat Heavy Electricals (2.16%), Infosys (1.99%), G A I L (India) (1.94%), State Bank Of India (1.79%), I T C (1.62%), and Bharti Airtel (1.25%).
On the other hand, Wipro (2.24%), Housing Development Finance Corporation (2.04%), Hindalco Industries (1.88%), I C I C I Bank (1.49%), Tata Consultancy Services (1.33%), and Reliance Industries (1.00%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.79% and 0.58% respectively. The major gainers in the BSE Midcap were Alok Industries (2.1%), Alstom India (1.3%), Aban Offshore (1.27%), Allcargo Logistics (0.36%) and CORE Education and Technologies (0.31%).The major gainers in the BSE Smallcap were Action Construction Equipment (4.51%), Trident (2.4%), A2Z Maintenance & Engineering Services (1%), Styrolution ABS (India) (0.75%) and Aanjaneya Lifecare (0.24%).
Sectors in Limelight
The PSU index was at 7,306.39, up by 59.87 points or by 0.83%. The major gainers were Allahabad Bank(4.43%), Andhra Bank (4.37%), Bank Of India (4.25%), Bank Of Baroda (1.18%) and Balmer Lawrie & Company (0.8%).
The FMCG index was at 5,247.08, up by 38.47 points or by 0.74%. The major gainers were United Spirits (3.48%), I T C (1.62%), United Breweries (1.46%) and Tata Global Beverages (0.47%).
The Power index was at 1,935.92, up by 14.17 points or by 0.74%. The major gainers were Adani Power (2.86%), Bharat Heavy Electricals (2.16%), Reliance Infrastructure (1.11%), Crompton Greaves (0.98%) and A B B (0.75%).
On the other hand, the Oil & Gas index was at 8,837.21, down by 49.53 points or by 0.56%. The major losers were Cairn India (2.14%) and Reliance Industries (1%).
Market Breadth
Market breadth was positive with 1,459 advances against 936 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 771.67 million. It was followed by I F C I (Rs. 315.59 million), United Spirits (Rs. 307.55 million) and Axis Bank (Rs. 205.12 million).
The volume chart was led by Kingfisher Airlines with trades of over 12.09 million shares. It was followed by I F C I (9.88 million), Lanco Infratech (4.16 million) and Spicejet (3.31 million).
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