Indian equities settled marginally higher on Tuesday led by realty, healthcare and power stocks. Indecision followed by a choppy session was witnessed ahead of key global events’ outcome to be released soon, like US Presidential elections final outcome tonight. European indices were positive while Asian indices were weak ahead of the global news.
At the close, the benchmark 30-share index, BSE Sensex gained 54.51 points or 0.29% at 18,817.38 with 17 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 20.20 points or 0.35% at 5,724.40 with 32 components registering rise.
Nidhi Sarswat, senior research analyst, Bonanza Portfolio, said, 'Nifty today also followed its range of 5635-5725 and could not cross the resistance level of 5725 on closing basis. However, despite the muted movement, it has closed towards higher end of the range and near 5725 level, providing a positive bias to the trend. However, there is no doubt that market is in indecision and waiting for key triggers for further trend. Tonight US Presidential results will come and may have near term impact on the trend. Thereafter, focus shall continue to be on second quarterly results as well as post reforms actions.'
'In the coming sessions, 5635 level on the downside and 5725 level on the upside shall be deciding levels. If it goes above 5725, further buying momentum is likely for a target of 5775-5850. For the coming sessions, Bharti Airtel, Tata Motors, SAIL, Tata Steel, ONGC and Ranbaxy are some of the prominent companies which shall be announcing their Q2 results and some stock specific action may be seen,' Sarswat said.
While Amar Ambani, head of research, IIFL said 'The indices have been hiding their lackluster movement with a positive close for the last couple of days. Lack of fresh triggers will see the indices remaining in a range though the bias appears positive. The last 30 minutes of trade saw fresh buying in Nifty near the top of the recent trading range. Investors world over appear to be non-committal ahead of the US Presidential elections.'
Housing Development Finance Corporation contributed rise of 24.32 points in the Sensex. It was followed by HDFC Bank (10.48 points), State Bank Of India (9.66 points), I T C (6.16 points) and ICICI Bank (6.04 points).
However, Larsen & Toubro contributed fall of 6.43 points in the Sensex. It was followed by Tata Motors (6.22 points), Tata Consultancy Services (5.36 points), Maruti Suzuki India (4.01 points) and Hindalco Industries (3.39 points).
Biggest gainers in the 30-share index were Cipla (4.18%), GAIL (India) (1.84%), Housing Development Finance Corporation (1.76%), Jindal Steel & Power (1.43%), State Bank Of India (1.39%), and Wipro (0.95%).
On the other hand, Hindalco Industries (1.87%), Maruti Suzuki India (1.70%), Tata Motors (1.06%), Bajaj Auto (0.76%), Hero Motocorp (0.69%), and Tata Consultancy Services (0.58%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.51% and 0.38% respectively.
The major gainers in the BSE Midcap were Amara Raja Batteries (15.54%), Allahabad Bank (1.6%), Allcargo Logistics (0.77%), A B G Shipyard (0.49%) and Amtek Auto (0.14%).
The major gainers in the BSE Smallcap were Ahluwalia Contracts (India) (1.36%), Reliance MediaWorks (0.63%), Wagend Infra Venture (0.51%), Aanjaneya Lifecare (0.4%) and Advanta India (0.38%).
Sectors in Limelight
The Realty index was at 1,845.61, up by 35.02 points or by 1.93%. The major gainers were Anant Raj Industries (6.94%), Housing Development and Infrastructure (5.9%), D B Realty (4.96%), Indiabulls Real Estate (3.89%) and D L F (1.83%).
The HC index was at 7,819.86, up by 76.09 points or by 0.98%. The major gainers were Apollo Hospitals Enterprise (4.93%), Cipla (4.18%), Aurobindo Pharma (3.33%), Biocon (2.78%) and Glaxo SmithKline Pharmaceuticals (0.86%).
The Power index was at 1,990.46, up by 12.99 points or by 0.66%. The major gainers were Adani Power (1.95%), A B B (0.73%), Bharat Heavy Electricals (0.67%), G M R Infrastructure (0.49%) and JSW Energy (0.32%).
On the other hand, the Auto index was at 10,590.33, down by 49.44 points or by 0.46%. The major losers were Maruti Suzuki India (1.7%), Bajaj Auto (0.76%), Exide Industries (0.75%), Hero Motocorp (0.69%) and Bosch (0.16%).
Market breadth was positive with 1,547 advances against 1,350 declines.
Value and Volume Toppers
Persistent Systems topped the value chart on the BSE with a turnover of Rs. 993.63 million. It was followed by Infosys (Rs. 919.05 million), United Spirits (Rs. 847.40 million) and State Bank Of India (Rs. 776.91 million).
The volume chart was led by Adani Power with trades of over 12.48 million shares. It was followed by Cals Refineries (8.25 million), Anant Raj Industries (5.88 million) and Housing Development and Infrastructure (4.79 million).