Indian equities continue to trade flat in post noon trade on Tuesday after hitting 20,000 in morning trade. The markets are positive today after the government on Monday deferred the implementation of controversial rules on tax avoidance by two years to 2016. The market is also factoring 25 bps rate cut on January 29 meeting on the back lower-than-expected inflation.

At 1.01 p.m., the Sensex was trading up 15.57 points or 0.08% at 19,921.98 with 14 components gaining. Meanwhile, the Nifty was trading higher by 6.95 points or 0.12% at 6,031 with 24 components gaining.

Sensex Movers

I T C contributed rise of 29.42 points in the Sensex. It was followed by Tata Consultancy Services (15.42 points), Bharti Airtel (8.58 points), Tata Motors (6.72 points) and Larsen & Toubro (5.59 points).

However, Reliance Industries contributed fall of 11.04 points in the Sensex. It was followed by Infosys (9.71 points), Housing Development Finance Corporation (8.36 points), State Bank Of India (5.98 points) and Hindustan Unilever (5.65 points).

Major gainers in the 30-share index were Tata Consultancy Services (1.69%), Bharti Airtel (1.67%), I T C (1.64%), Maruti Suzuki India (1.27%), Bajaj Auto (1.06%), and G A I L (India) (1.05%).

On the other hand, Hero Motocorp (1.45%), Sterlite Industries (India) (1.44%), Jindal Steel & Power (1.31%), Coal India (1.26%), Hindustan Unilever (0.88%), and Sun Pharmaceutical Industries (0.76%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.19% and 0.14% respectively.

Sectors in Limelight

BSE Realty index was at 2,271.77, up by 19.52 points or by 0.87%. The Auto index was at 11,638.30, up by 58.52 points or by 0.51%. The FMCG index was at 5754.08, up by 22.31 points or by 0.39%.

On the other hand, the Metal index was at Rs 11022.53, down by 53 points or by 0.48%.

Market Breadth

Market breadth was negative with 1,328 advances against 1,376 declines.

Value and Volume Toppers

Tata Consultancy Services topped the value chart on the BSE with a turnover of Rs. 555.94 million. It was followed by Infosys (Rs. 328.05 million), Spicejet (Rs. 317.62 million) and United Spirits (Rs. 306.16 million).

The volume chart was led by Aadhaar Ventures India with trades of over 7.62 million shares. It was followed by Kirloskar Ferrous Industries (6.89 million), Spicejet (6.87 million) and Unitech (5.75 million).