Indian equities ended the eventful daywith a bang! The BSE Sensex rallied over 500 points as markets witnessed their biggest single-day rally of 2012 Friday. Power, capital goods and metal stocks were leading the sectoral space. Both Sensex and Nifty traded above 12-month high.The government"s notification allowing foreign investment in multi-brand retail, aviation and broadcasting sectors despite widespread political conflict boosted sentiments on the D-Street. Further the rally continued after Samajwadi Party leader Mulayam Singh Yadav said his party will continue to extend external support to the UPA government.
At the close, the benchmark 30-share index, BSE Sensex added 403.58 pointsor 2.20% at 18,752.83 with 26 components posting rise. Meanwhile, the broad based NSE Nifty climbed by 136.90 points or 2.46% at 5,691.15 with 46 components posting rise.Sensex Movers
ICICI Bank contributed rise of 58.09 points in the Sensex. It was followed by HDFC Bank (41.79 points), Larsen & Toubro (40.76 points), Reliance Industries (38.2 points) and ITC (35.71 points).
However, Tata Consultancy Services contributed fall of 13.66 points in the Sensex. It was followed by Infosys (12.29 points), Sun Pharmaceutical Industries (0.33 points), ACC (2.2 points) and DLF (2.41 points).
Biggest gainers in the 30-share index were Bharat Heavy Electricals (7.12%), Jindal Steel & Power (6.41%), Sterlite Industries (India) (5.20%), State Bank Of India (4.30%), ICICI Bank (4.19%), and Larsen & Toubro (4.15%).
On the other hand, Tata Consultancy Services (1.38%), Dr Reddy"s Laboratories (1.38%), Infosys (0.80%), and Sun Pharmaceutical Industries (0.10%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 1.61% and 1.46% respectively.The major gainers in the BSE Midcap were ABG Shipyard (3.61%), Aban Offshore (2.69%), Alstom India (2.49%), A I A Engineering (2.12%) and Allcargo Logistics (1.92%).The major gainers in the BSE Smallcap were Trident (7.05%), A2Z Maintenance & Engineering Services (4.25%), A B G Infralogistics (1.92%), Aarti Industries (0.71%) and Styrolution ABS (India) (0.38%).
Sectors in Limelight
The Power index was at 1,990.11, up by 82.98 points or by 4.35%. The major gainers were Reliance Infrastructure (9.48%), Bharat Heavy Electricals (7.12%), Adani Power (5.04%), Crompton Greaves (4.59%) and A B B (3%).
The Capital Goods index was at 10,733.19, up by 424.65 points or by 4.12%. The major gainers were A B B (3%), BEML (2.54%), Alstom India (2.49%), A I A Engineering (2.12%) and Bharat Electronics (1.36%).
The Metal index was at 10,678.33, up by 416.76 points or by 4.06%. The major gainers were Jindal Steel & Power (6.41%), Hindalco Industries (3.34%), Coal India (1.9%), Hindustan Zinc (1.81%) and Bhushan Steel (1.15%).
On the other hand, the IT index was at 5,982.85, down by 40.98 points or by 0.68%. The major losers were Hexaware Technologies (3.59%), Tata Consultancy Services (1.38%), CORE Education and Technologies (0.99%), Infosys (0.8%) and Oracle Financial Services Software (0.01%).
Market Breadth
Market breadth was positive with 1,839 advances against 1,137 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,979.94 million. It was followed by United Spirits (Rs. 1,094.86 million), Reliance Capital (Rs. 818.50 million) and ICICI Bank (Rs. 790.85 million).
The volume chart was led by Cals Refineries with trades of over 8.63 million shares. It was followed by Lanco Infratech (7.02 million), Kingfisher Airlines (6.84 million) and Spicejet (6.13 million).
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