Top indices enjoyed an early bounce today at Dalal street

Top indices enjoyed an early bounce in Tuesday's deals as traders remained bullish on the prospects of beaten-down metal companies. PSU banks, which rallied for 2 days, came under selling pressure.

The Nifty rose 37 points to 8,516 in initial trades on the NSE. The Advance-Decline Ratio rose to a smart 38/12 with Tata Steel, Hindalco, Vedanta, BPCL and Infosys taking the first five gainers slot on the Index. PSU banks PNB, BoB with Cipla, Tata Motors and NMDC were the stocks that lost ground on the Nifty, where State Bank of India was the top traded counter.

Broader indices showed upticks in early deals. The CNX 100, CNX 200 and CNX 500, CNX Nifty Junior, the mid cap and small cap indices rose between 0.4-1.0 percent in the first half hour of trade on the NSE. Coming under profit booking was the Bank Nifty dropping 10 points to 18,812 as well as the CNX PSU Bank Index which shed 0.7 percent in trade. CNX Auto, CNX IT and CNX Metal Indexes were the top gainers on Tuesday.

And on the Bombay Stock Exchange, the Sensex jumped 153 points at 28,031 in initial trades. As a consequence, the Advance-Decline Ratio stood at 22/8. Infosys, TCS, Axis Bank, Larsen & Toubro and Lupin were the top gainers on the Index while GAIL, Cipla, Tata Motors, Coal India and NTPC shed weight on the Sensex.

The Futures and Options market had a strong start in trade on Tuesday with an Advance-Decline ratio of 111/45. Kaveri Seeds, Exide Industries and Adani Ports were the top gainers while JSW Steel, Union Bank and Bank of India made it to the top losers list in F&O trade.

The broader market was in fine shape in early deals. The Advance-Decline Ratio stood at 1,115 shares that gained versus 345 shares that fell.

Tata Coffee, Indo Rama Synthetics, CCL Products and Tamil Nadu Petro made it to the top volume buzzers list and Kwality, IPCA, Infosys, Avanti Feeds and Ashok Leyland were a part of the fresh 52-week high fliers on the NSE.

(Image credits: Indiatimes)