Indian stocks failed to capitalise on strong overseas equity and commodity cues on Tuesday as traders chose to book profit on the main indices after they posted a 1 percent gain the previous day.
The
Nifty fell 14 points to 8,445 in early deals with the Advance-Decline Ratio at 1:1. Zee, Tata Motors, Hindalco and HDFC were the top stocks that posted modest losses in the first 20 minutes of trade whereas Coal India, Dr. Reddy's, BPCL and Cipla were on the gainers list on the National Stock Exchange. Other Indices were also in the negative zone with CNX Auto, CNX Energy and CNX Finance Indices trading with losses.
The Bank Nifty was down 22 points at 18,871 as well.
The mood was equally sombre of the Bombay Stock Exchange, where the
Sensex fell 37 points to trade at 27,924 points. Sun Pharma, Reliance Industries and Hindustan Unilever were the stocks that came under selling pressure at the start of trade on the BSE, while Lupin, Axis Bank and Hero Motors saw trades on the long side.The Advance-Decline Ratio on the Sensex was 13:17, and for the broader market it stood at 1,075 stocks gaining versus 644 that lost ground.
And in the Derivatives space, Futures of L&T Housing, JP Power, Ceat and Dish TV were among the top gainers list while Eicher, Bajaj Finance and Unitech saw shorts being built up on their Futures. The Advance-Decline Ratio in the F&O space was 62:93.
(Image credit: Indiatimes)
