Indian Indices end marginally higher on Tuesday - LuvKush Finserve

Benchmark shares indices ended marginally higher on Tuesday, amid a volatile trading session, led by oil exploration major ONGC. The 30-share Sensex ended up 31 points at 19,722 and the 50-share Nifty was up 15 points at 5,995.

India's wholesale price inflation slowed for a third straight month in April to 4.89 percent against 5.96% in the previous month. This is the lowest level in 41 months last seen in November 2009.

The sectoral indices on the BSE were led by Healthcare index up 0.7% followed by Power, Oil & Gas, IT indices. Ranbaxy Laboratories ended 3.6% higher at Rs 456 while ONGC gained up 1.8% at Rs 326. Among other oil shares, Oil India was up nearly 2% at Rs 560.

HDFC ended up 0.7% at Rs 869. Tata Motors gained 1% to end at Rs 301 after its UK-owned Jaguar Land Rover reported 12% growth in April to 28,503 vehicles compared to the same month last year. For the first four months of 2013 sales grew 16%.

HDFC Bank was among top Sensex losers down 0.6%. Other Sensex losers include, Bajaj Auto, M&M and Reliance Ind. The BSE Mid-cap ended up 0.3% and Small-cap indices ended flat with positive bias.

Source : Equity Bulls

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