Indian equities continued to rally on Monday. WPI inflation grew
at higher than expected rate of 6.46% in September. At 1.08 p.m.,
the Sensex was trading up 50.69 points or 0.25% at 20,579.28 with
13 components gaining. Meanwhile, the Nifty was trading higher by
1.70 points or 0.03% at 6,097.90 with 26 components gaining.
Tata Consultancy Services contributed
rise of 35.45 points in the Sensex. It was followed by Infosys
(13.49 points), Reliance Industries (10.22 points), Wipro (8.82
points) and Tata Motors (5.55 points).
However, Housing Development Finance Corporation contributed
fall of 17.88 points in the Sensex. It was followed by I T C (15.19
points), Hindustan Unilever (5.43 points), Mahindra & Mahindra
(4.35 points) and Tata Steel (4 points).
Biggest gainers in the 30-share index were Tata Consultancy
Services (3.28%), Wipro (3.06%), Dr Reddy's Laboratories (1.35%),
Hero Motocorp (1.06%), Coal India (1.04%), and Infosys (0.95%).
On the other hand, Bharat Heavy Electricals (1.80%), Hindalco
Industries (1.62%), Tata Steel (1.54%), G A I L (India) (1.53%),
Cipla (1.25%), and Jindal Steel & Power (1.22%) were the
biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.73% and 0.67% respectively. The major
gainers in the BSE Midcap were Allahabad Bank(1.99%), CORE
Education and Technologies (1.57%), Aban Offshore (1.22%), A I A
Engineering (0.47%) and Alstom India (0.16%).The major gainers in
the BSE Smallcap were Dr Datsons Labs (4.98%), Aegis Logistics
(1.3%), Action Construction Equipment (0.78%), Aarti Industries
(0.59%) and Advanta (0.52%).
Sectors in Limelight
The IT index was at 8,663.50, up by 149.32 points or by 1.75%.
The major gainers were Tata Consultancy Services (3.28%), Infosys
(0.95%), Tech Mahindra (0.72%), H C L Technologies (0.67%) and
The TECk index was at 4,859.65, up by 69.51 points or by 1.45%.
The major gainers were Deccan Chronicle Holdings (0.9%), Idea
Cellular (0.57%), Mphasis (0.31%), D B Corp (0.2%) and Bharti
On the other hand, the FMCG index was at 6,788.26, down by 28
points or by 0.41%. The major losers were Colgate-Palmolive (India)
(2.31%), Jubilant FoodWorks (2.05%), Hindustan Unilever (0.82%), I
T C (0.69%) and Godrej Consumer Products (0.21%).
Market breadth was positive with 1,187 advances against 917
Value and Volume Toppers
Karnataka Bank,topped the value chart on the BSE with a turnover
of Rs. 372.66 million. It was followed by Hinduja Global Solutions
(Rs. 334.38 million), Infosys (Rs. 317.75 million) and Yes Bank
(Rs. 311.80 million).
The volume chart was led by Ashok Leyland with trades of over
9.67 million shares. It was followed by Karnataka Bank, (3.47
million), Uttam Value Steels (3.37 million) and Empower India (3.02