Indian markets continue to trade in a sluggish manner in Tuesday amid subdued Asian peers. Power, PSU and FMCG stocks edged higher.
At 11.52 a.m., the Sensex was trading down 21.33 points or 0.12% at 18,520.98 with 15 components falling. Meanwhile, the Nifty was trading lower by 6.60 points or 0.12% at 5,603.40 with 22 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 35.45 points in the Sensex. It was followed by Reliance Industries (25.61 points), ICICI Bank (15.77 points), Tata Consultancy Services (15.6 points) and Wipro (6.01 points).
However, Infosys contributed rise of 32.24 points in the Sensex. It was followed by ITC (28.48 points), State Bank Of India (11.43 points), Reliance Communications (5.98 points) and Bharti Airtel (4.99 points).
Biggest gainers in the 30-share index were Bharat Heavy Electricals (2.27%), GAIL (India) (2.18%), Infosys (2.12%), State Bank Of India (1.83%), ITC (1.64%), and Bharti Airtel (1.25%).
On the other hand, Housing Development Finance Corporation (2.55%), Wipro (2.12%), Hindalco Industries (1.71%), Tata Consultancy Services (1.59%), Reliance Industries (1.45%), and ICICI Bank (1.15%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.88% and 0.72% respectively. The major gainers in the BSE Midcap were Alok Industries (2.52%), Aban Offshore (1.97%), Alstom India (1.47%), ABG Shipyard (0.49%) and CORE Education and Technologies (0.31%).The major gainers in the BSE Smallcap were Action Construction Equipment (3.53%), Trident (2.63%), A2Z Maintenance & Engineering Services (1.62%), Styrolution ABS (India) (0.75%) and Aanjaneya Lifecare (0.6%).
Sectors in Limelight
The PSU index was at 7,315.88, up by 69.36 points or by 0.96%. The major gainers were Bank Of India(5.16%), Andhra Bank (4.97%), Allahabad Bank (4.77%), Bank Of Baroda (1.66%) and Balmer Lawrie & Company (0.88%).
The Power index was at 1,940.23, up by 18.48 points or by 0.96%. The major gainers were Adani Power (2.64%), Bharat Heavy Electricals (2.27%), Reliance Infrastructure (1.59%), Crompton Greaves (1.47%) and A B B (0.33%).
The FMCG index was at 5,256.43, up by 47.82 points or by 0.92%. The major gainers were United Spirits (4.19%), ITC (1.64%), United Breweries (1.26%) and Tata Global Beverages (0.85%).
On the other hand, the Oil & Gas index was at 8,827.98, down by 58.76 points or by 0.66%. The major losers were Cairn India (2.59%), Reliance Industries (1.45%), Oil India (0.38%) and Petronet LNG (0.15%).
Market Breadth
Market breadth was positive with 1,536 advances against 1,023 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 816.73 million. It was followed by United Spirits (Rs. 413.82 million), IFCI (Rs. 341.02 million) and Axis Bank (Rs. 235.95 million).
The volume chart was led by Kingfisher Airlines with trades of over 12.89 million shares. It was followed by IFCI (10.71 million), Spicejet (4.69 million) and Lanco Infratech (4.44 million).
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