Indian markets turned negative in post noon trade on Tuesday as
European market opened in red afterMoodyâ™s
Investors Service downgraded France and euro-area finance ministers
prepared to meet. U.S. index futures declined, while Asian shares
rose. At 1.56 p.m., the Sensex was trading down 3.51 points or
0.02% at 18,335.49 with 18 components falling. Meanwhile, the Nifty
was trading higher by 0.90 points or 0.02% at 5,572.30 with 17
The 30-share benchmark index, BSE Sensex opened with a gain of
83.69 points or 0.46% at 18,422.69, while the broad based NSE Nifty
started with a rise of 33.40 points or 0.60%, at 5,604.80.
Infosys contributed fall of 19.93 points in the Sensex. It was
followed by State Bank Of India (7.95 points), Reliance Industries
(7.46 points), Larsen & Toubro (5.74 points) and Reliance
Communications (4.79 points).
However, Housing Development Finance Corporation contributed
rise of 30.65 points in the Sensex. It was followed by Mahindra
& Mahindra (11.87 points), HDFC Bank (8.84 points), Tata Power
Company (3.92 points) and Wipro (3.42 points).
Major gainers in the 30-share index were Mahindra & Mahindra
(2.44%), Housing Development Finance Corporation (2.18%), Tata
Power Company (2.02%), Wipro (1.31%), GAIL (India) (0.93%), and
HDFC Bank (0.62%).
On the other hand, Hindalco Industries (1.90%), Infosys (1.48%),
Bajaj Auto (1.19%), State Bank Of India (1.19%), Hero Motocorp
(1.04%), and Sterlite Industries (India) (0.72%) were the biggest
losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts declining -0.49% and -0.52% respectively.The major
losers in the BSE Midcap were Allahabad Bank(1.2%), Amara Raja
Batteries (0.98%), A B G Shipyard (0.75%), Aban Offshore (0.73%)
and CORE Education and Technologies (0.16%).The major losers in the
BSE Smallcap were Action Construction Equipment (3%), Aarti
Industries (2.05%), A2Z Maintenance & Engineering Services
(0.93%), Trident (0.76%) and Styrolution ABS (India) (0.45%).
Sectors in Limelight
The Realty index was at 1,861.51, down by 28.06 points or by
1.48%. The major losers were D B Realty (3.8%), Indiabulls Real
Estate (3.55%), Anant Raj Industries (3.48%), D L F (0.98%) and
Godrej Properties (0.14%).
The TECk index was at 3,340.02, down by 21.79 points or by
0.65%. The major losers were Reliance MediaWorks (1.83%), Idea
Cellular (1.54%), Dish TV India (1.26%), Oracle Financial Services
Software (0.95%) and Bharti Airtel (0.21%).
The IT index was at 5,621.79, down by 31.77 points or by 0.56%.
The major losers were Infosys (1.48%), H C L Technologies (1.1%),
Oracle Financial Services Software (0.95%), CORE Education and
Technologies (0.16%) and Tech Mahindra (0.02%).
On the other hand, the Auto index was at 10,544.57, up by 36.55
points or by 0.35%. The major gainers were Mahindra & Mahindra
(2.44%), Tata Motors (0.45%), Bosch (0.28%) and Maruti Suzuki India
Market breadth was negative with 1,070 advances against 1,640
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover
of Rs. 718.11 million. It was followed by L&T Finance Holdings
(Rs. 559.50 million), State Bank Of India (Rs. 512.89 million) and
Zylog Systems (Rs. 417.67 million).
The volume chart was led by L&T Finance Holdings with trades
of over 7.60 million shares. It was followed by Zylog Systems (5.85
million), Cals Refineries (5.16 million) and Kingfisher Airlines