Domestic Indices correct in the last hour of trade on Tuesday - ZENMoney

Domestic indices opened the session on a flat note following mixed global cues. Indices traded flat to negative in the early session of the day on the back of June series F&O expiry this week. Markets traded cautiously watching the movement of rupee, which could be a deciding factor in rate cut decision in the coming RBI's monetary meet. Markets witnessed buying interest by the noon session and continued their rally in the afternoon session with buying in frontline counters and taking support from European counterparts. However, Markets corrected in the last hour of trade and ended with marginal gains.

On a sectoral front, Oil&Gas sector came as top gainer of the day led by ONGC on the back of news that ONGC's OVL and Oil India have agreed to buy Videocon's 10 percent stake in Mozambique's gas field in a deal worthUSD2.50 billion. Capital Goods,FMCG,Auto, Realty and Banking sectors also witnessed buying interest. Power sector witnessed heavy selling pressure followed by Consumer Durables, Health Care, Metal and IT sectors.

Source : Equity Bulls

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