Sensex, Nifty up 0.5%; Auto, CG rise 1%

27th September 2012 12:18 PM

Indian markets continue to trade in the positive on Thursday ahead of F&O expiry today. Auto and Capital goods stocks gained the most followed by realty, FMCG and consumer durables.

Most Asian stocks fell as data from the U.S. to Italy added to concern that global economic growth is waning and Spanish borrowing costs soared amid violent protests against austerity measures.

At 11.13 am, the Sensex was trading up 85.95 points or 0.46% at 18,718.12 with 19 components gaining. Meanwhile, the Nifty was trading higher by 27 points or 0.48% at 5,690.45 with 33 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 27.58 points or 0.15% at 18,659.75, while the broad based NSE Nifty started with a rise of 10.30 points or 0.18%, at 5,673.75.

Sensex Movers

Larsen & Toubro contributed rise of 23.4 points in the Sensex. It was followed by Housing Development Finance Corporation (16.95 points), Tata Power Company (11.9 points), Mahindra & Mahindra (9.45 points) and Tata Motors (7.35 points).

However, Infosys contributed fall of 9.3 points in the Sensex. It was followed by Bharat Heavy Electricals (3.79 points), Oil & Natural Gas Corporation (2.76 points), Wipro (2.7 points) and I C I C I Bank (2.24 points).

Biggest gainers in the 30-share index were Tata Power Company (5.94%), Larsen & Toubro (2.27%), Mahindra & Mahindra (2.16%), Maruti Suzuki India (1.49%), Jindal Steel & Power (1.31%), and Bharti Airtel (1.23%).

On the other hand, Bharat Heavy Electricals (1.62%), Wipro (0.99%), Coal India (0.92%), Sterlite Industries (India) (0.65%), Infosys (0.62%), and Oil & Natural Gas Corporation (0.37%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.70% and 0.75% respectively. The major gainers in the BSE Midcap were Amtek Auto (3.28%), Aban Offshore (1.77%), Alstom India (1.03%), Amara Raja Batteries (0.96%) and Alok Industries (0.56%).The major gainers in the BSE Smallcap were Reliance MediaWorks (2.39%), A2Z Maintenance & Engineering Services (2.32%), Adhunik Metaliks (1.76%), Aanjaneya Lifecare (0.64%) and Advanta India (0.21%).

Sectors in Limelight

The Auto index was at 10,364.64, up by 116.27 points or by 1.13%. The major gainers were Mahindra & Mahindra (2.16%), Maruti Suzuki India (1.49%), Bajaj Auto (0.88%), Hero Motocorp (0.75%) and Ashok Leyland (0.21%).

The Capital Goods index was at 10,949.27, up by 109.97 points or by 1.01%. The major gainers were Lakshmi Machine Works (4.04%), Alstom India (1.03%), A B B (0.96%), Havell"S India (0.71%) and Bharat Electronics (0.53%).

The HC index was at 7,467.69, up by 47.28 points or by 0.64%. The major gainers were Apollo Hospitals Enterprise (1.44%), Divis Laboratories (1.26%), Glenmark Pharmaceutical (1%), Cadila Healthcare (0.66%) and Aurobindo Pharma (0.61%).

On the other hand, the PSU index was at 7,372.05, down by 11.49 points or by 0.16%. The major losers were Bharat Heavy Electricals (1.62%), Canara Bank (0.82%), Bank Of India (0.61%), BEML (0.32%) and Allahabad Bank (0.27%).

Market Breadth

Market breadth was positive with 1,459 advances against 866 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 1,617.13 million. It was followed by United Breweries (Holdings) (Rs. 369.25 million), State Bank Of India (Rs. 263.20 million) and CORE Education and Technologies (Rs. 248.80 million).

The volume chart was led by Kingfisher Airlines with trades of over 12.05 million shares. It was followed by Indiabulls Infrastructure and Power (3.53 million), United Breweries (Holdings) (2.41 million) and Spicejet (2.25 million).

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