The BSE benchmark, 30 share index, SENSEX opened in red on Tuesday. According to the traders, the share market is likely to solidify after some profit booking, which is expected in the near future.
At 12.11 PM; the 30 share index, Sensex was trading at 18524.31 (-18.00) and the broader share 50-share index was trading at 5605.15 (-4.85). It touched an intraday high of 18,523.64 and an intraday low of 18,480.96
"The trend deciding level for the day is 18,579/5,616 levels. If indices trade above these levels during the first half-an-hour of trade then we may witness a further rally up to 18,678 - 18,814/5,646 - 5,683 levels. However, if they trade below 18,579/5,616 levels for the first half-an-hour of trade then it may correct up to 18,444 - 18,345/5,579 - 5,549 levels," said Angel Broking note.
The BSE Midcap Index was up 0.08 per cent and the BSE Smallcap Index edged 0.01 per cent lower.
Among the sectoral indices, the BSE Metal Index declined 0.46 per cent, the BSE Auto Index was down 0.28 per cent and the BSE Bankex slipped 0.26 per cent. The BSE Power Index moved 0.38 per cent higher and the BSE IT Index advanced 0.22 per cent.
Among the sectoral indices, the BSE Metal Index declined 0.46 per cent, the BSE Auto Index was down 0.28 per cent and the BSE Bankex slipped 0.26 per cent. The BSE Power Index moved 0.38 per cent higher and the BSE IT Index advanced 0.22 per cent.
The equity benchmarks continued to trade in a narrow range around their previous closing.
The Software service exporter was trading down 2.5% while the House finance company, HDFC was also trading down 2%.
ICICI too lost over 1% whereas its rival State Bank of India was a gainer today with 2% increase.
Automobile sector was also trading under pressure today. Tata Motors lost 1%.
Hindalco Industries also shed 2%.
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