Indian equities are trading marginally higher on Tuesday snapping earlier losses. At 11.04 a.m., the Sensex was trading up 24.46 points or 0.13% at 19,329.78 with 16 components gaining. Meanwhile, the Nifty was trading higher by 6.90 points or 0.12% at 5,877.85 with 30 components gaining.
The 30-share benchmark index, BSE Sensex opened with a decline of 27.74 points or 0.14% at 19,277.58, while the broad based NSE Nifty started with a fall of 4.15 points or 0.07%, at 5,866.80.
Reliance Industries contributed rise of 21.57 points in the Sensex. It was followed by I C I C I Bank (16.81 points), Oil & Natural Gas Corporation (9.32 points), State Bank Of India (9.24 points) and Housing Development Finance Corporation (5.02 points).
However, I T C contributed fall of 16.69 points in the Sensex. It was followed by H D F C Bank (9.85 points), Tata Consultancy Services (9.09 points), Mahindra & Mahindra (4.9 points) and Infosys (3.51 points).
Major gainers in the 30-share index were Bharat Heavy Electricals (1.92%), Jindal Steel & Power (1.46%), Oil & Natural Gas Corporation (1.41%), State Bank Of India (1.34%), Reliance Industries (1.28%), and I C I C I Bank (1.16%).
On the other hand, Tata Consultancy Services (0.98%), Mahindra & Mahindra (0.91%), I T C (0.86%), Sterlite Industries (India) (0.78%), Hero Motocorp (0.72%), and Bharti Airtel (0.66%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.58% and 0.74% respectively.
The major gainers in the BSE Midcap were Aban Offshore (1.79%), Amara Raja Batteries (1.62%), Alstom India (0.79%), Allahabad Bank (0.61%) and A B G Shipyard (0.28%).
The major gainers in the BSE Smallcap were Adhunik Metaliks (10.31%), Aegis Logistics (1.77%), Aarti Industries (1.56%), Styrolution ABS (India) (1.02%) and Action Construction Equipment (0.78%).
Sectors in Limelight
The IPO index was at 1,856.58, up by 29.87 points or by 1.64%. The major gainers were Inventure Growth and Securities (5.64%), Claris Lifesciences (1.41%), Future Ventures India (1.1%), C.Mahendra Exports (0.82%) and Innoventive Industries (0.64%).
The Oil & Gas index was at 8,376.00, up by 84.90 points or by 1.02%. The major gainers were Bharat Petroleum Corporation (2.11%), G A I L (India) (0.4%), Indian Oil Corporation (0.31%), Gujarat State Petronet (0.07%) and Cairn India (0.02%).
The Realty index was at 2,045.15, up by 19.85 points or by 0.98%. The major gainers were Housing Development and Infrastructure (1.76%), Anant Raj Industries (1.68%), D L F (1.16%), D B Realty (0.75%) and Godrej Properties (0.15%).
On the other hand, the IT index was at 5,871.57, down by 19.43 points or by 0.33%. The major losers were CORE Education and Technologies (1.95%), Mphasis (1.62%), Tata Consultancy Services (0.98%) and Infosys (0.25%).
Market breadth was positive with 1,487 advances against 877 declines.
Value and Volume Toppers
Jet Airways (India) topped the value chart on the BSE with a turnover of Rs. 385.38 million. It was followed by Karnataka Bank , The (Rs. 358.15 million), State Bank Of India (Rs. 296.29 million) and Eicher Motors (Rs. 287.09 million).
The volume chart was led by Shree Ashtavinayak Cine Vision with trades of over 6.11 million shares. It was followed by Spicejet (3.81 million), Suzlon Energy (2.98 million) and I F C I (2.93 million).