Here's how the day was at the Markets

Indian stocks remained under pressure for the second day on Tuesday after earnings from major blue chips disappointed investors, prompting heavy sales on counters such as Lupin Ltd. and HDFC Ltd. Selling was also observed on Capital goods, energy and pharma stocks.

Markets were muted also on account of the last week of the monthly expiry of derivatives contracts.

The Nifty fell 28 points to end the day at 8,232 points. Maruti, Sun Pharma, UltraTech, BPCL and Asian Paints were top gainers on the Nifty while Lupin, ONGC, GAIL, HDFC and Bank of Baroda slipped in trade. The Nifty's Advance-Decline Ratio stood at 17/32.

Axis Bank, Lupin and HDFC were the top traded stocks on the National Stock Exchange. Earnings from Lupin disappointed investors while those from Maruti, Alembic Pharma and TVS Motors were applauded by investors.

Broader markets were bearish too with CNX 100, CNX 200 and CNX 500 benchmarks slippng about 0.2 percent each. Modest gains were seen on the mid cap and small cap benchmarks. The trend in the sectoral space was mixed with losses seen on indices tracking the Energy, Finance and Banking while the Auto, Media and Realty benchmarks inched up in trade.

Sentiment was weak on the Bombay Stock Exchange as well with the Sensex dropping 109 points, or 0.4 percent, to 27,253 points. GAIL, ICICI Bank, SBI and ITC dropped in trade while Maruti and Sun Pharma were top gainers. 11 stocks advanced on the Sensex compared with 19 that fell.

Lupin, HDFC and Larsen were the top traded stocks on the index.

The bulls, meanwhile, remained on the backfoot in the wider market where 1,446 shares fell compared with 1,265 stocks that rose.

The derivatives space was evenly matched with 83 futures rising compared with 80 that fell. Futures of TVS Motors, UPL and IRB Infra were top gainers while those of SKS Micro, Oil India and Apollo Hospital fell in trade.

Stocks hitting new highs included Cosmo Films, NIIT Technologies and Aurobindo Pharma and those buzzing on the top volume gainers list were IFB Agro industries, Den Networks and Malwa Cotton Mills.

Image credit: Indiatimes