The S&P BSE Sensex started on a cautious note in trade on Tuesday tracking muted trend seen in other Asian markets. The fall in the index was led by losses in RIL, Sun Pharma, HDFC and Tata Motors.
The market has opened on a flat note. The Sensex is up 26.32 points at 27987.51, and the Nifty is up 10.95 points at 8470.60. About 457 shares have advanced, 107 shares declined, and 68 shares are unchanged. Dr Reddy's Labs, L&T, Vedanta, Cipla and ICICI Bank are top gainers. HDFC Bank, BHEL, ONGC, Wipro and Lupin are among losers. In the midcap space, IIFL is up 18 percent as Fairfax India will acquire 26 percent for Rs1,621 crore.
Auto stocks were the worst hit in the morning trades. The BSE Auto index fell 0.48 per cent; Eicher Motors was the top losers from this space. The stock fell 1.76 per cent to Rs 20,797.85. Meanwhile Credit Suisse has downgraded Eicher Motors saying that the stock has become over expensive.Tata Motors, Bharat Forge, MRF, Motherson Sumi Systems, Mahindra & Mahindra and Cummins India were also among the losers.
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