Indian markets settledlower on Tuesday ahead of the Reserve Bank
of India (RBI) policy meeting tomorrow. Banking stocks witnessed a
fall whereas healthcare, consumer durables and FMCG stocks
registered a rise.
At the close, the benchmark 30-share index, BSE Sensex lost
47.38 points or 0.23% at 20,612.14 with 15 components registering
drop. Meanwhile, the broad based NSE Nifty fell by 15.65 points or
0.25% at 6,139.05 with 26 components posting drop.
H D F C Bank contributed fall of 57.65
points in the Sensex. It was followed by Housing Development
Finance Corporation (40.57 points), Reliance Industries (11.4
points), NTPC (8.15 points) and Oil & Natural Gas Corporation
However, Bharti Airtel contributed rise of 21.55 points in the
Sensex. It was followed by I T C (17.33 points), Tata Consultancy
Services (15.45 points), Sun Pharmaceutical Industries (10.39
points) and Larsen & Toubro (5.08 points).
Major gainers in the 30-share index were Bharti Airtel (4.27%),
Cipla (2.82%), Sun Pharmaceutical Industries (2.15%), Tata
Consultancy Services (1.43%), Dr Reddy's Laboratories (1.02%), and
I T C (0.78%).
On the other hand, H D F C Bank (3.55%), Coal India (2.89%),
Housing Development Finance Corporation (2.53%), NTPC (2.14%),
Bajaj Auto (1.95%), and Wipro (1.18%) were the biggest losers in
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts declining-0.03% and -0.04% respectively.The major
losers in the BSE Midcap were Allahabad Bank(2.8%), Alstom India
(2.53%), CORE Education and Technologies (1.39%), A I A Engineering
(0.74%) and A B G Shipyard (0.32%).The major losers in the BSE
Smallcap were Dr Datsons Labs (3.11%), A2Z Maintenance &
Engineering Services (2.74%), Action Construction Equipment
(1.17%), Styrolution ABS (India) (0.96%) and Trident (0.6%).
Sectors in Limelight
The HC index was at 9,630.30, up by 143.42 points or by 1.51%.
The major gainers were Divis Laboratories (3.68%), Cipla (2.82%),
Aurobindo Pharma (1.68%), Dr Reddy'S Laboratories (1.02%) and
The Consumer Durables index was at 5,748.53, up by 59.14 points
or by 1.04%. The major gainers were Whirlpool Of India (5.38%),
Titan Company (2.07%) and V I P Industries (0.45%).
The FMCG index was at 6,418.22, up by 48.71 points or by 0.76%.
The major gainers were United Spirits (2.56%), Godrej Consumer
Products (1.34%), I T C (0.78%), Colgate-Palmolive (India) (0.28%)
and Hindustan Unilever (0.03%).
On the other hand, the Bankex index was at 12,797.18, down by
165.76 points or by 1.28%. The major losers were H D F C Bank
(3.55%), Canara Bank (2.25%), Bank Of Baroda (1.27%), Bank Of India
(0.51%) and Indusind Bank (0.34%).
Market breadth was negative with 1,191 advances against 1,323
Value and Volume Toppers
Glenmark Pharmaceutical topped the value chart on the BSE with a
turnover of Rs. 1,155.97 million. It was followed by Wockhardt (Rs.
780.15 million), Aurobindo Pharma (Rs. 676.46 million) and State
Bank Of India (Rs. 521.86 million).
The volume chart was led by Apollo Tyres with trades of over
4.88 million shares. It was followed by Kotak FMP Series 50 -
Growth (3.25 million), Unitech (3.17 million) and Spicejet (2.20