Mumbai: Equity markets which were in the red, early on Tuesday afternoon, bounced back amid choppiness in last one hour of trade. Markets ended marginally in green.
The Crude prices fell by $2 a barrel and that aided the markets lift up. Buying interest was seen in banking, capital goods, power, cement, select technology and auto stocks.
Frontline indices shrugged off weak global cues in late trade.
In the early hours the market witnessed selling pressure on realty, oil and gas and metal stocks.
At 12:30 p.m., the 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, was at 14,345.92 points, down 104.43 points or 0.72 percent from its closing figure Monday. It had hit a low of 14,286.38 points earlier Tuesday.
At the same time the broader based S&P CNX Nifty index of the National Stock Exchange was at 4,302.85 points, down 32.50 points or 0.75 percent from its previous close.
All afternoon on Tuesday, market breadth was negative. On BSE, 822 shares advanced, 1,483 declined and 99 remained unchanged.
Byclose, Reliance Industries, Infosys, ICICI Bank, Tata Steel and HDFC were most active counters on the bourses.
Total turnover traded in markets as they closed for the day, has improved a bit in today's trade, which stood at Rs 62,216.38 crore. This includes Rs 8,658.30 crore from NSE Cash segment, Rs 49,779.36 crore from NSE F&O and balance Rs 3,778.72 crore from BSE Cash segment.
Market breadth also recovered a bit but remained in favour of declines. About 1319 shares have advanced while 1513 shares declined. Nearly 335 shares remained unchanged.
On the global front, Asian markets ended lower. Shanghai fell 2.62%, Nikkei -0.78%, Straits Times -0.96%, Kospi -0.79%, Taiwan Weighted -0.94%, Jakarta -0.92% and Hang Seng -0.23%.
European markets were trading sharply lower, at the time of writing market report. FTSE was down 1.81%, CAC -0.76% and DAX -0.11%.
(With inputs from IANS and Moneycontrol.com)
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