Indian markets continuesto trade flat in afternoon on Tuesday.BSE Midcap and Smallcap index ouperformed Sensex andNifty. Oil & gas, metal and consumer durables faced the brunt of profit booking.
At 1.57 p.m., the Sensex was trading down 38.21 points or 0.21% at 18,504.10 with 16 components falling. Meanwhile, the Nifty was trading lower by 8.45 points or 0.15% at 5,601.55 with 27 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
Reliance Industries contributed fall of 40.96 points in the Sensex. It was followed by Tata Consultancy Services (24.75 points), Housing Development Finance Corporation (19.36 points), ICICI Bank (13.69 points) and Wipro (9.99 points).
However, Infosys contributed rise of 24.54 points in the Sensex. It was followed by ITC (21.26 points), State Bank Of India (16.22 points), Bharat Heavy Electricals (8.11 points) and Bharti Airtel (6.57 points).
Major gainers in the 30-share index were Bharat Heavy Electricals (3.91%), State Bank Of India (2.59%), GAIL (India) (2.51%), Jindal Steel & Power (2.08%), Bharti Airtel (1.64%), and Infosys (1.62%).
On the other hand, Wipro (3.53%), Hindalco Industries (2.60%), Tata Consultancy Services (2.53%), Reliance Industries (2.32%), NTPC (1.83%), and Housing Development Finance Corporation (1.39%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.82% and 0.68% respectively. The major gainers in the BSE Midcap were Alok Industries (2.94%), Amtek Auto (2.55%), Alstom India (1.3%), Aban Offshore (0.84%) and A B G Shipyard (0.03%).The major gainers in the BSE Smallcap were Trident (2.4%), Action Construction Equipment (2.35%), Aanjaneya Lifecare (1.6%), Styrolution ABS (India) (1.57%) and A2Z Maintenance & Engineering Services (1.54%).
Sectors in Limelight
The PSU index was at 7,321.69, up by 75.17 points or by 1.04%. The major gainers were Allahabad Bank(7.33%), Andhra Bank (6.09%), Bank Of India (5.55%), Bank Of Baroda (2.67%) and Balmer Lawrie & Company (0.09%).
The Power index was at 1,934.45, up by 12.70 points or by 0.66%. The major gainers were Bharat Heavy Electricals (3.91%), Adani Power (1.87%), Crompton Greaves (1.78%), Reliance Infrastructure (1.08%) and ABB (0.3%).
On the other hand, the Oil & Gas index was at 8,775.75, down by 110.99 points or by 1.25%. The major losers were Cairn India (3.19%), Oil India (0.8%), Gujarat State Petronet (0.66%), Bharat Petroleum Corporation (0.65%) and Hindustan Petroleum Corporation (0.38%).
Market Breadth
Market breadth was positive with 1,600 advances against 1,186 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,266.13 million. It was followed by United Spirits (Rs. 688.59 million), IFCI (Rs. 395.11 million) and Tech Mahindra (Rs. 394.88 million).
The volume chart was led by Kingfisher Airlines with trades of over 14.91 million shares. It was followed by IFCI (12.31 million), Spicejet (6.94 million) and Lanco Infratech (5.81 million).
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