Markets witness modest rally; realty, capital goods lead
Published: 08th October 2013 05:18 PM
Last Updated: 08th October 2013 05:18 PM
Indian marketswitnessed a modest rallyon Tuesday after the RBI
announced measures to ease liquidity in the banking system. Realty,
capital goods and FMCG stocks led the gains.
At the close, the benchmark 30-share index, BSE Sensex gained
88.51 or 0.44% at 19,983.61 with 13 components posting rise.
Meanwhile, the broad based NSE Nifty went up by 22.25 or 0.38% at
5,928.40 with 25 components posting rise.
On Monday, the RBI has reduced the marginal standing facility
(MSF) rate by a further 50 basis points to 9% from 9.5% with
The central bank has also decided to provide additional
liquidity through term repos of 7-day and 14-day tenor for a
notified amount equivalent to 0.25% of net demand and time
liabilities (NDTL) of the banking system through variable rate
auctions on every Friday beginning Oct. 11, 2013.
I T C contributed rise of 47.99 points
in the Sensex. It was followed by I C I C I Bank (36.11 points),
Larsen & Toubro (23.87 points), Bharti Airtel (13.59 points)
and Oil & Natural Gas Corporation (9.44 points).
However, Housing Development Finance Corporation contributed
fall of 14.23 points in the Sensex. It was followed by Tata
Consultancy Services (10.42 points), State Bank Of India (9.79
points), Hindustan Unilever (3.22 points) and Tata Steel (3.06
Biggest gainers in the 30-share index were Tata Power Company
(2.87%), Bharti Airtel (2.77%), Larsen & Toubro (2.38%), I C I
C I Bank (2.26%), I T C (2.24%), and Sun Pharmaceutical Industries
On the other hand, Hindalco Industries (1.77%), State Bank Of
India (1.29%), Cipla (1.26%), Tata Steel (1.22%), Coal India
(1.18%), and Tata Consultancy Services (0.99%) were the biggest
losers in the Sensex.
Sectors in Limelight
The Realty index was at 1,261.54, up by 19.53 points or by
1.57%. The major gainers were Prestige Estates Projects (4.52%),
Housing Development and Infrastructure (3.46%), Godrej Properties
(2.83%), Oberoi Realty (1.78%) and D L F (0.76%).
The Capital Goods index was at 8,079.15, up by 104.99 points or
by 1.32%. The major gainers were F A G Bearings India (3%), A I A
Engineering (1.91%), Alstom India (0.46%), Alstom T&D India
(0.32%) and Havell'S India (0.14%).
The FMCG index was at 6,851.94, up by 53.06 points or by 0.78%.
The major gainers were I T C (2.24%), Dabur India (0.67%) and
United Breweries (0.64%).
Market breadth was negative with 1,310 advances against 1,157
Value and Volume Toppers
Yes Bank topped the value chart on the BSE with a turnover of
Rs. 834.06 million. It was followed by State Bank Of India (Rs.
694.91 million), Kotak Gold ETF (Rs. 567.13 million) and Tata
Motors (Rs. 388.31 million).
The volume chart was led by Punj Lloyd with trades of over 3.16
million shares. It was followed by Yes Bank (2.54 million),
Jaiprakash Associates (2.20 million) and Reliance Communications