Sensex gains 50 points; United Spirits, SBI most active
By IRIS
27th September 2012 02:18 PM
Indian equities conitinue to trade on a firm note on Thursday.FMCG, consumer durables and capital goods were on buyers radar, while oil & gas and IT witnessed marginal selling.
At 12.58 p.m., the Sensex was trading up 50.40 points or 0.27% at 18,682.57 with 21 components gaining. Meanwhile, the Nifty was trading higher by 14.65 points or 0.26% at 5,678.10 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 21.12 points in the Sensex. It was followed by Tata Power Company (10.81 points), ITC (10.58 points), Housing Development Finance Corporation (9.56 points) and State Bank Of India (9.46 points).
However, Infosys contributed fall of 17.97 points in the Sensex. It was followed by Reliance Industries (10.3 points), Oil & Natural Gas Corporation (6.94 points), Bharat Heavy Electricals (3.74 points) and HDFC Bank (3.4 points).
Major gainers in the 30-share index were Tata Power Company (5.41%), Larsen & Toubro (2.06%), Mahindra & Mahindra (1.87%), Maruti Suzuki India (1.52%), State Bank Of India (1.36%), and Jindal Steel & Power (1.14%).
On the other hand, Bharat Heavy Electricals (1.60%), Infosys (1.21%), Wipro (0.99%), Oil & Natural Gas Corporation (0.94%), Sterlite Industries (India) (0.70%), and Coal India (0.60%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.77% and 0.57% respectively. The major gainers in the BSE Midcap were Amara Raja Batteries (1.96%), Aban Offshore (1.48%), Alok Industries (1.2%), Alstom India (0.91%) and ABG Shipyard (0.39%).The major gainers in the BSE Smallcap were Reliance MediaWorks (3.77%), A2Z Maintenance & Engineering Services (3.62%), Adhunik Metaliks (1.41%), Action Construction Equipment (1.15%) and Aanjaneya Lifecare (0.21%).
Sectors in Limelight
The FMCG index was at 5,403.17, up by 54.12 points or by 1.01%. The major gainers were Jubilant FoodWorks (1.34%), Hindustan Unilever (1.03%), Godrej Consumer Products (0.72%), I T C (0.63%) and Colgate-Palmolive (India) (0.55%).
The Consumer Durables index was at 6,800.34, up by 63.95 points or by 0.95%. The major gainers were C.Mahendra Exports (2.19%), Titan Industries (1.55%), Whirlpool Of India (0.77%), Blue Star (0.5%) and Rajesh Exports (0.46%).
The Capital Goods index was at 10,937.62, up by 98.32 points or by 0.91%. The major gainers were Lakshmi Machine Works (3.18%), Alstom India (0.91%), ABB (0.89%), Havell"S India (0.7%) and Bharat Electronics (0.48%).
On the other hand, the Oil & Gas index was at 8,662.34, down by 59 points or by 0.68%. The major losers were Indian Oil Corporation (1.43%), Hindustan Petroleum Corporation (0.74%), Gujarat State Petronet (0.5%), Cairn India (0.48%) and Bharat Petroleum Corporation (0.1%).
Market Breadth
Market breadth was positive with 1,593 advances against 1,061 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 2,004.27 million. It was followed by State Bank Of India (Rs. 582.95 million), United Breweries (Holdings) (Rs. 453.90 million) and Reliance Capital (Rs. 354.74 million).
The volume chart was led by Kingfisher Airlines with trades of over 16.71 million shares. It was followed by Indiabulls Infrastructure and Power (4.57 million), Cals Refineries (4.49 million) and Mahanagar Telephone Nigam (4.03 million).
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