India Stock Market: Sensex Down 93.25 Points On Tuesday

Sensex (^BSESN: 15830.98 -93.25 -0.59%) fell 93.25 points or 0.6% to 15830.98.
Nifty (^NSEI: 4680.50 -30.90 -0.66%) fell 30.90 points or 1.7% to 4680.50.
Mid Cap index rose 2.4%. Small Cap rose 1.7%.
BSE 500 was up 1.6%. Sensex gainers: 10

Of 13 BSE Sectoral indices, 9 posted losses.
Advancers: 1478, Decliners: 1242, Unchanged: 72
Advance/Decline ratio: 7:6

Sensex Day’s Range: 16002.46 - 15669.13
Nifty Days Range: 4731.45 - 4642.60
52-Week Range: 16002.46 - 7697.39
52 Week High: 16002.46

Sensex gainers included Hindalco +4.3%, HUL +3.5%, Tata Motors +2.3%, Maruti Suzuki +1.3%, ACC +1.3% and Mahindra & Mahindra +1.1%

Sensex losers included Tata Power -4.4%, ONGC -3%, Rel Infra -2.8%, Bharti Airtel -2.6%, Reliance Comm -2.6% and JP Associates -2.3%.

Sectoral gainers were: Consumer Durables +1.4%, Auto +0.5%, FMCG +0.4% and Oil & Gas +0.2%.

Tech index fell 1.4% led by Patni Computer -3.4%, Mphasis -3.3%, Bharti Airtel -2.6%, Reliance Comm -2.6%, Sun TV -2.5% and Wipro -1.8%.

Healthcare index tanked 1.4% supported by Bilcare -7.5%, Biocon -4.5%, Cipla -3.4%, Divis Lab -2.4%, Dun Pharma Advance -1.6% and Ipcl Labs -1.5%.

Power index plunged 1.3% helped by Tata Power -4.4%, Crompton Greaves -2.9%, Reliance Infra -2.8%, Lanco Infratech -2%, Reliance Power -2% and ABB -1.8%.

Realty index tumbled 1.2% aided by Mahindra Life -2.4%, HDIL -2.1%, Ackruti City -2.1%, Indiabulls Realty -2%, DLF -1.8% and Orbit Corp -1.8%

Other sectoral losers were: IT -1.1%, Bankex -0.7%, PSU -0.5%, Metal -0.3% and Capital Goods -0.3%.

Volume Shockers on the BSE:
Satyam Computer 18.38 million shares, Ispat Ind 18.32 mln shares, Suzlon Energy 15.96 mln shares and Unitech 15.68 mln shares

Turnover:
Total traded turnover was at Rs 88,023.89 crore. This included Rs 20,573.2 crore from the NSE cash segment, Rs 60,859.86 crore from the NSE F&O and the balance Rs 6,590.83 crore from the BSE cash segment.

Buzzers:
Basant Agro +20% at Rs 38.10, Saint-Gobain +20% at Rs 24.70, Seax Leather +19.9% at Rs 30.75, Andhra Cements +19.9% at Rs 32.20, CHI Investments +13.9% at Rs 46.75, Wheels India +13.5% at Rs 209 and Datamatics Global +13.5% at Rs 29.80.

Heavy Losers:
Trent (W) -16.4% at Rs 24, Tips Ind -9.8% at Rs 44.90, Gloster Jute -8.9% at Rs 160, Nelcast -8.3% at Rs 50.25, DIC India -8% at Rs 167.10 and Ent Network -7.9% at Rs 179.05.

Bharti Airtel tumbles 2.6 pct:
Top telecoms firm Bharti Airtel fell 2.6 percent to Rs 400.45 on concerns it may have to sweeten its offer for a deal with South Africa’s MTN.

ONGC falls 2 pct:
Oil and Natural Gas Corp slid 2 percent to Rs 1,152.90 as oil edged back from the previous day’s 3 percent gains, with worries about a rise in U.S. crude inventories offsetting optimism from positive U.S. and Chinese manufacturing data.

RBI: will not slow down financial reforms
India will not slow down on financial reforms, but would recalibrate the roadmap for reforms given the backdrop of the global crisis, the Reserve Bank of India Governor Duvvuri Subbarao said on Tuesday.

Asian Markets:
On the global front, Asian markets ended mixed. Straits Times and Kospi fell 1.2-1.4%. However, Shanghai, Nikkei and Kospi were marginally in the green. Jakarta rose 0.9%.

European Markets:
European markets were quoting: FTSE 100 was -0.9%. The CAC 40: -0.9% and the DAX was -0.6%.

Crude:
Oil for August delivery was $70.70 a barrel on the NYME.

Optimism:
The benchmark’s rally over the past three weeks has been driven by strong domestic and global corporate earnings.

Concern:
The rally has boosted gains to more than 96 percent from a 2009 low in March and 65.1 percent this year, stoking concerns about rich valuations.