Sensex rallies near 200 points; banks, consumer durables gain
Published: 24th October 2013 01:18 PM
Last Updated: 24th October 2013 01:18 PM
Indian equities rallied on Thursday with Sensexsupassing ahigh
of 21,000 for first time since November 2010. Banks, consumer
durables,capital goods stocks led the rally. On the other hand, IT
stocks witnessed a fall.
At 12.01 p.m., the Sensex was trading up 197.08 points or 0.95%
at 20,964.96 with 23 components gaining. Meanwhile, the Nifty was
trading higher by 57.90 points or 0.94% at 6,236.25 with 41
HDFC Bank contributed rise of 34.96
points in the Sensex. It was followed by ICICI Bank (34.78 points),
ITC (25.05 points), Oil & Natural Gas Corporation (19.69
points) and Reliance Industries (18.85 points).
However, Tata Consultancy Services contributed fall of 9.86
points in the Sensex. It was followed by Wipro (2.83 points), ACC
(0.38 points), Infosys (0.07 points) and Sterlite Industries
(India) (0 points).
Biggest gainers in the 30-share index were Bharti Airtel
(2.33%), Mahindra & Mahindra (2.31%), Oil & Natural Gas
Corporation (2.13%), H D F C Bank (2.11%), I C I C I Bank (2.08%),
and Tata Motors (1.84%).
On the other hand, Coal India (1.23%), Wipro (0.97%), Tata
Consultancy Services (0.90%), Dr Reddy'S Laboratories (0.55%),
Cipla (0.53%), and Infosys (0.00%) were the biggest losers in the
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts gaining 0.93% and 0.52% respectively.The major gainers
in the BSE Midcap were Allcargo Logistics (2.52%), Aban Offshore
(2.04%), Allahabad Bank (1.55%), A B G Shipyard (1.11%) and A I A
Engineering (0.79%).The major gainers in the BSE Smallcap were
Action Construction Equipment (2.91%), Trident (2.05%), A2Z
Maintenance & Engineering Services (1.32%), Aarti Industries
(1.32%) and Adhunik Metaliks (0.92%).
Sectors in Limelight
The Consumer Durables index was at 6,021.63, up by 119.26 points
or by 2.02%. The major gainers were Gitanjali Gems (5.55%), Titan
Industries (2.65%), Blue Star (1.58%), Rajesh Exports (1.43%) and
Bajaj Electricals (1.4%).
The Bankex index was at 12,628.86, up by 209.17 points or by
1.68%. The major gainers were Bank Of Baroda(3.64%), Bank Of India
(3.07%), Canara Bank (2.14%), H D F C Bank (2.11%) and Federal Bank
The Capital Goods index was at 9,054.40, up by 124.81 points or
by 1.40%. The major gainers were BEML (0.83%), Crompton Greaves
(0.81%), A I A Engineering (0.79%), A B B India (0.63%) and Bharat
Heavy Electricals (0.53%).
On the other hand, the IT index was at 8,420.14, down by 44.89
points or by 0.53%. The major losers were H C L Technologies
(2.21%), Wipro (0.97%), Tata Consultancy Services (0.9%) and
Market breadth was positive with 1,187 advances against 891
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 231.15 million. It was followed by I C I C I Bank
(Rs. 211.15 million), Yes Bank (Rs. 200.07 million) and Larsen
& Toubro (Rs. 191.85 million).
The volume chart was led by Suzlon Energy with trades of over
6.90 million shares. It was followed by Cals Refineries (2.25
million), Spicejet (2.22 million) and Shree Renuka Sugars (1.93