Indian equities are trading flat with negative bias in early
trade on Tuesday. At 09.19 a.m., the Sensex was trading down 38.55
points or 0.21% at 18,503.76 with 15 components falling. Meanwhile,
the Nifty was trading higher by 2.05 points or 0.04% at 5,612.05
with 23 components gaining.
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.
I C I C I Bank contributed fall of
12.14 points in the Sensex. It was followed by Housing Development
Finance Corporation (11.69 points), Tata Motors (8.39 points), Tata
Consultancy Services (8.14 points) and Wipro (4.38 points).
However, Infosys contributed rise of 19.15 points in the Sensex.
It was followed by H D F C Bank (7.3 points), Oil & Natural Gas
Corporation (5.07 points), Bharti Airtel (3.47 points) and Bharat
Heavy Electricals (2.52 points).
Major gainers in the 30-share index were Infosys (1.26%), Bharat
Heavy Electricals (1.22%), Jindal Steel & Power (1.13%), Bharti
Airtel (0.87%), Dr Reddy"S Laboratories (0.72%), and Oil &
Natural Gas Corporation (0.71%).
On the other hand, Hindalco Industries (1.92%), Wipro (1.55%),
Tata Motors (1.39%), I C I C I Bank (0.89%), Housing Development
Finance Corporation (0.84%), and Tata Consultancy Services (0.83%)
were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Smallcap index was at 6696.85 down by 0.81 points or by
0.01%.The major losers were Action Construction Equipment (3.73%),
Atlanta (2.25%), Bliss GVS Pharma (2.19%), Balmer Lawrie Investment
(0.9%) and Balrampur Chini Mills (0.67%).
Sectors in Limelight
The Power index was at 1,929.00, up by 7.25 points or by 0.38%.
The major gainers were Lanco Infratech (2.33%), Adani Power
(2.09%), Bharat Heavy Electricals (1.22%), Reliance Infrastructure
(0.4%) and JSW Energy (0.28%).
The IT index was at 6,019.27, up by 12.99 points or by 0.22%.
The major gainers were Tech Mahindra (2.09%), Infosys (1.26%),
Financial Technologies (India) (0.24%) and Hexaware Technologies
The Metal index was at 10,473.10, down by 47.98 points or by
0.46%. The major losers were Hindalco Industries (1.92%), Bhushan
Steel (1.38%), JSW Steel (1.15%), Coal India (0.8%) and Hindustan
Zinc (0.51%).The Auto index was at 10,096.98, down by 28 points or
by 0.28%. The major losers were Tata Motors (1.39%), Hero Motocorp
(0.22%) and Exide Industries (0.03%).
Market breadth was positive with 438 advances against 253
Value and Volume Toppers
Kingfisher Airlines topped the value chart on the BSE with a
turnover of Rs. 25.63 million. It was followed by United Spirits
(Rs. 19.42 million), State Bank Of India (Rs. 18.46 million) and
Spicejet (Rs. 15.53 million).
The volume chart was led by Kingfisher Airlines with trades of
over 1.90 million shares. It was followed by Spicejet (0.41
million), Lanco Infratech (0.26 million) and Geojit BNP Paribas
Financial Services (0.14 million).