Indian equities continued to trade higheron Tuesday on the back
of buying interest seen in oil & gas and power stocks while
banking stocks dropped. At 11.09., the Sensex was trading up 47.27
points or 0.22% at 21,190.28 with 18 components gaining. Meanwhile,
the Nifty was trading higher by 18.75 points or 0.30% at 6,309.85
with 38 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of
34.76 points or 0.16% at 21,177.77, while the broad based NSE Nifty
started with a rise of 16.25 points or 0.26%, at 6,307.35.
Reliance Industries contributed rise of 18.36 points in the
Sensex. It was followed by Tata Consultancy Services (9.95 points),
I C I C I Bank (7.33 points), I T C (7.06 points) and Tata Power
Company (6.13 points).
However, H D F C Bank contributed fall of 14.86 points in the
Sensex. It was followed by Infosys (4.86 points), Housing
Development Finance Corporation (2.9 points), Bharat Heavy
Electricals (1.97 points) and State Bank Of India (0.64
Major gainers in the 30-share index were Tata Power Company
(2.98%), Reliance Industries (1.01%), Tata Consultancy Services
(0.89%), Hero Motocorp (0.76%), Bajaj Auto (0.72%), and Cipla
On the other hand, Bharat Heavy Electricals (0.95%), H D F C
Bank (0.89%), Infosys (0.33%), Tata Steel (0.24%), Maruti Suzuki
India (0.19%), and Housing Development Finance Corporation (0.18%)
were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.56% and 0.46% respectively. The major
gainers in the BSE Midcap were CORE Education and Technologies
(2.07%), Alstom India (1.04%), Aban Offshore (0.88%), Allahabad
Bank (0.75%) and A I A Engineering (0.72%).The major gainers in the
BSE Smallcap were A2Z Maintenance & Engineering Services
(3.96%), Adhunik Metaliks (3.25%), Dr Datsons Labs (1.15%),
Reliance MediaWorks (0.91%) and Trident (0.88%).
Sectors in Limelight
The Oil & Gas index was at 8,852.04, up by 63.57 points or
by 0.72%. The major gainers were Hindustan Petroleum Corporation
(1.16%), Bharat Petroleum Corporation (1.06%), G A I L (India)
(0.67%), Cairn India (0.43%) and Castrol India (0.06%).
The Power index was at 1,699.83, up by 9.15 points or by 0.54%.
The major gainers were JSW Energy (3.65%), G M R Infrastructure
(2.87%), C E S C (1.9%), Adani Power (0.51%) and Reliance
On the other hand, the Bankex index was at 12,984.55, down by
1.58 points or by 0.01%. The major losers were H D F C Bank
(0.89%), Kotak Mahindra Bank (0.37%), State Bank Of India (0.08%)
and Axis Bank (0%).
Market breadth was positive with 1,137 advances against 668
Value and Volume Toppers
Multi Commodity Exchange of India topped the value chart on the
BSE with a turnover of Rs. 268.27 million. It was followed by
Apollo Tyres (Rs. 265.42 million), Financial Technologies (India)
(Rs. 138.80 million) and Tata Elxsi (Rs. 134.14 million).
The volume chart was led by Apollo Tyres with trades of over
2.51 million shares. It was followed by Gati (1.61 million),
Unitech (1.33 million) and Marksans Pharma (1.06 million).