Indian equities dropped on Tuesday erasing earlier gains. At 9.39 a.m, the Sensex was trading down 40.56 points or 0.12% at 32,593.08 with 17 components falling. Meanwhile, the Nifty was trading lower by 11.10 points or 0.11% at 10,219.75 with 28 components falling.
Biggest losers in the 30-share index were Mahindra & Mahindra (1.21%), Tata Motors (0.84%), Oil & Natural Gas Corporation (0.73%), Infosys (0.62%), Dr Reddy'S Laboratories (0.59%), and HDFC Bank (0.49%).
On the other hand, Asian Paints (1.40%), Bharti Airtel (1.15%), Axis Bank (0.77%), Tata Consultancy Services (0.65%), Sun Pharmaceutical Industries (0.57%), and Wipro (0.53%) were the biggest gainers in the Sensex.
Market breadth was negative with 809 advances against 690 declines.
Max Financial Services topped the value chart on the BSE with a turnover of Rs. 123.63 million. It was followed by Reliance Capital (Rs. 80.10 million), Dewan Housing Finance Corporation (Rs. 72.87 million) and Federal Bank (Rs. 70.94 million).
The volume chart was led by SBI SDFS - 90 Days - 60 - Dividend with trades of over 3.79 million shares. It was followed by Federal Bank (0.56 million), Jain Irrigation Systems (0.46 million) and India Steel Works (0.23 million).
