Indian equities are trading higher on Thursday noonas buying activity is being witnessed in auto, capital goods and FMCG stocks. BSE Midcap and Smallcap index outperformed Sensex and Nifty.
At 12.10 p.m., the Sensex was trading up 70.57 points or 0.38% at 18,702.74 with 21 components gaining. Meanwhile, the Nifty was trading higher by 19.15 points or 0.34% at 5,682.60 with 32 components gaining. Tata Power rallied nearly 5% after HSBC upgraded the rating on Tata Power to "Overweight". It has increased the target price to Rs 125.
Sensex Movers
Larsen & Toubro contributed rise of 21.54 points in the Sensex. It was followed by Housing Development Finance Corporation (10.22 points), Tata Power Company (9.94 points), Mahindra & Mahindra (9.23 points) and State Bank Of India (9.17 points).
However, Infosys contributed fall of 14.96 points in the Sensex. It was followed by Oil & Natural Gas Corporation (5.37 points), Reliance Industries (4.63 points), Bharat Heavy Electricals (3.28 points) and Wipro (3.06 points).
Major gainers in the 30-share index were Tata Power Company (4.97%), Mahindra & Mahindra (2.11%), Larsen & Toubro (2.09%), Jindal Steel & Power (1.85%), Maruti Suzuki India (1.58%), and State Bank Of India (1.31%).
On the other hand, Bharat Heavy Electricals (1.40%), Wipro (1.12%), Infosys (1.01%), Coal India (0.75%), Oil & Natural Gas Corporation (0.73%), and Sterlite Industries (India) (0.40%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.70% and 0.63% respectively. The major gainers in the BSE Midcap were Aban Offshore (2.03%), Amara Raja Batteries (1.46%), Alok Industries (1.12%), ABG Shipyard (0.62%) and Alstom India (0.62%).The major gainers in the BSE Smallcap were Reliance MediaWorks (3.14%), A2Z Maintenance & Engineering Services (2.32%), Adhunik Metaliks (1.93%), Action Construction Equipment (0.76%) and Aanjaneya Lifecare (0.5%).
Sectors in Limelight
The Auto index was at 10,361.51, up by 113.14 points or by 1.10%. The major gainers were Mahindra & Mahindra (2.11%), Maruti Suzuki India (1.58%), Bajaj Auto (1.09%), Hero Motocorp (0.55%) and Bosch (0.47%).
The Capital Goods index was at 10,954.05, up by 114.75 points or by 1.06%. The major gainers were Lakshmi Machine Works (3.94%), A B B (1.05%), Alstom India (0.62%), Bharat Electronics (0.58%) and Havell"S India (0.38%).
The FMCG index was at 5,390.78, up by 41.73 points or by 0.78%. The major gainers were Hindustan Unilever (0.98%), Colgate-Palmolive (India) (0.72%), ITC (0.3%), Godrej Consumer Products (0.29%) and Jubilant FoodWorks (0.27%).
On the other hand, the Oil & Gas index was at 8,686.92, down by 34.42 points or by 0.39%. The major losers were Hindustan Petroleum Corporation (0.84%), Cairn India (0.43%), Bharat Petroleum Corporation (0.24%), Indian Oil Corporation (0.14%) and Oil India (0.06%).
Market Breadth
Market breadth was positive with 1,578 advances against 944 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 1,824.89 million. It was followed by State Bank Of India (Rs. 496.63 million), United Breweries (Holdings) (Rs. 405.38 million) and CORE Education and Technologies (Rs. 289.36 million).
The volume chart was led by Kingfisher Airlines with trades of over 14.73 million shares. It was followed by Indiabulls Infrastructure and Power (4.06 million), Electrosteel Steels (2.93 million) and Spicejet (2.86 million).
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