Sensex sheds some gains; Tata Motors, Maruti up

Indian equities continued to gain for the sixth day on Tuesday. The Sensex having pared some of its gains in the previous trading hour, continues to trade in the positive terrain. Auto, IT and teck stocks gained, while realty and metal declined. Both Sensex and Nifty were trading above 24-month high.
At 10.57 a.m., the Sensex was trading up 124.78 points or 0.65% at 19,333.11 with 21 components gaining. Meanwhile, the Nifty was trading higher by 30.30 points or 0.53% at 5,790.30 with 30 components gaining. 
The 30-share benchmark index, BSE Sensex opened flat with a rise of 9.80 points or 0.05% at 19,218.13, while the broad based NSE Nifty started with a fall of 120.80 points or 2.10%, at 5,639.20.
Sensex Movers
Infosys Technologies contributed rise of 28.45 points in the Sensex. It was followed by H D F C Bank (24.5 points), Housing Development Finance Corporation (15.73 points), Tata Motors (10.09 points) and Bharti Airtel (8.96 points).
However, Hindalco Industries contributed fall of 7.17 points in the Sensex. It was followed by State Bank Of India (6.87 points), ACC (2.04 points), I C I C I Bank (1.2 points) and Tata Power Company (1.07 points).


Major gainers in the 30-share index were Tata Motors (2.29%), Maruti Suzuki India (2.27%), H D F C Bank (2.25%), Sterlite Industries (India) (2.19%), Infosys Technologies (1.53%), and Wipro (1.47%).
On the other hand, Hindalco Industries (2.23%), ACC (1.53%), Jindal Steel & Power (0.70%), State Bank Of India (0.61%), Reliance Communications (0.55%), and Tata Power Company (0.39%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.60% and -0.63% respectively.
The major losers in the BSE Midcap were Core Projects and Technologies (2.09%), Alfa-Laval (India) (1.44%), Alstom Projects India (0.68%), Aban Offshore (0.64%) and Ackruti City (0.34%).
The major losers in the BSE Smallcap were Provogue (India) (2.41%), A B G Shipyard (1.51%), Aarti Industries (0.61%), Action Construction Equipment (0.6%) and Abhishek Industries (0.54%).
Sectors in Limelight
The IT index was at 5,795.94, up by 74.46 points or by 1.30%. The major gainers were Infosys Technologies (1.53%), Wipro (1.47%), Tata Consultancy Services (1.1%), Oracle Financial Services Software (0.27%) and Financial Technologies (India) (0.1%).
The Auto index was at 9,271.44, up by 117.71 points or by 1.29%. The major gainers were Exide Industries (1.34%), Ashok Leyland (0.76%), Hero Honda Motors (0.74%), Bajaj Auto (0.7%) and Bharat Forge (0.62%).
The TECk index was at 3,627.14, up by 39.93 points or by 1.11%. The major gainers were Dish TV India (2.58%), Bharti Airtel (1.46%), Oracle Financial Services Software (0.27%), G T L (0.24%) and Idea Cellular (0.2%).
On the other hand, the Realty index was at 3,607.26, down by 33.48 points or by 0.92%. The major losers were Housing Development and Infrastructure (3.35%), Indiabulls Real Estate (2.82%), Anant Raj Industries (1.07%), Sunteck Realty (0.58%) and Ackruti City (0.34%).
Market Breadth
Market breadth was negative with 872 advances against 1,911 declines.

Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 900.51 million. It was followed by Tata Motors (Rs. 592.85 million), Reliance Industries (Rs. 575.57 million) and Tata Steel (Rs. 564.85 million).
The volume chart was led by Birla Power Solutions with trades of over 9.82 million shares. It was followed by Ispat Industries (5.96 million), Karuturi Global (5.51 million) and Cals Refineries (4.84 million).




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