After opening on a strong note at 15,560.57, the 30-share index is trading in the positive territory. Select stocks from engineering led the advancements, whereas IT and auto stocks turned down.

Asian markets slumped in the early trading session as Caterpillar, the world`s biggest maker of heavy-duty diesel-truck engines declared a diminution in its earning that brought up worry among investors about US economy.

In the opening times, there were 1, 056 progressions as against 784 declinations on the BSE.

Technical analyst Vishwas Agarwal is of the view that the dreariness will continue upto Tuesday afternoon, and afterward some event-based ups and downs can be experienced.

He stated, “I feel market will not face any major set back until first week of August, as there are a lot of corporate waiting to announce their results and the credit policy which is the big event are expected to hold the market sentiment strong.”

Among the sectoral indices, BSE Bankex declined 0.50%, BSE Auto declined 0.11%, BSE IT declined 0.76%, BSE Metal rose 0.18% and BSE Realty rose 0.66%.

Gainers on the index were HUL that arose 4.45% to Rs 202.90, L&T climbed 2.65% to Rs 2,541 and BHEL boosted 1.76% to Rs 1,677. The other gainers’ include Satyam, NTPC and Hindalco.

Laggards on the index were Cipla, which declined 3.43% to Rs 194.00, Infosys declined 1.45% to Rs 1,958.00, and ICICI Bank declined 1.03% to Rs 975.00. Other losers were Tata Motors, Ambuja Cement and M&M.