Sensex rallies over 250 points; Nifty trade above 5,700
Published: 28th September 2012 02:18 PM
Last Updated: 28th September 2012 02:18 PM
Indian markets continue to trade higheron Friday noon taking
cues fromglobal equity markets. On sectoral front, auto, metal and
power stocks gained ground.At 11.54 a.m., the Sensex was trading up
257.24 points or 1.38% at 18,836.74 with 29 components gaining.
Meanwhile, the Nifty was trading higher by 76.25 points or 1.35% at
5,725.75 with 47 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of
125.48 points or 0.68% at 18,704.98, while the broad based NSE
Nifty started with a rise of 35.30 points or 0.62%, at
Reliance Industries contributed rise of 31.9 points in the
Sensex. It was followed by Housing Development Finance Corporation
(26.33 points), Tata Motors (24.86 points), I T C (24.25 points)
and Tata Consultancy Services (21.91 points).
However, H D F C Bank contributed fall of 0.89 points in the
Sensex. It was followed by Reliance Communications (0.37 points),
Sun Pharmaceutical Industries (0.94 points), Bharat Heavy
Electricals (1.04 points) and Reliance Infrastructure (1.55
Biggest gainers in the 30-share index were Tata Motors (4.02%),
Hindalco Industries (3.17%), Tata Steel (2.90%), Tata Power Company
(2.63%), Jindal Steel & Power (2.55%), and Tata Consultancy
On the other hand, HDFC Bank (0.06%) was the biggest loser in
the Sensex pack.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts gaining 1.30% and 0.97% respectively.The major gainers
in the BSE Midcap were Alok Industries (1.94%), Aban Offshore
(1.86%), CORE Education and Technologies (0.93%), Allcargo
Logistics (0.63%) and Alstom India (0.54%).The major gainers in the
BSE Smallcap were Styrolution ABS (India) (2.85%), ABG
Infralogistics (2.19%), A2Z Maintenance & Engineering Services
(1.85%), Trident (1.56%) and Aanjaneya Lifecare (1.15%).
Sectors in Limelight
The Auto index was at 10,456.10, up by 236.09 points or by
2.31%. The major gainers were Exide Industries (4.56%), Bharat
Forge (1.92%), Ashok Leyland (1.47%), Bajaj Auto (1.19%) and Hero
The Metal index was at 10,611.88, up by 226.45 points or by
2.18%. The major gainers were Hindalco Industries (3.17%), Jindal
Steel & Power (2.55%), Hindustan Zinc (1.88%), Coal India
(1.37%) and Bhushan Steel (0.43%).
The Realty index was at 1,885.44, up by 31.51 points or by
1.70%. The major gainers were DLF (2.82%), Godrej Properties
(2.59%), Anant Raj Industries (2.39%), Indiabulls Real Estate
(1.28%) and Parsvnath Developers (0.87%).
The Power index was at 2,054.35, up by 33.22 points or by 1.64%.
The major gainers were Crompton Greaves (2.92%), A B B (1.97%),
Reliance Infrastructure (1.52%), Adani Power (1.33%) and Bharat
Heavy Electricals (0.44%).
Market breadth was positive with 1,713 advances against 868
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover
of Rs. 830.13 million. It was followed by State Bank Of India (Rs.
402.82 million), ICICI Bank (Rs. 237.30 million) and Oracle
Financial Services Software (Rs. 236.82 million).
The volume chart was led by Shree Renuka Sugars with trades of
over 4.53 million shares. It was followed by Tulip Telecom (3.89
million), Lanco Infratech (2.79 million) and Transgene Biotek (2.18