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 5,684.80.
Sensex Movers
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 points).
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 Services (2.42%).
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 Motocorp (0.79%).
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
Market breadth was positive with 1,713 advances against 868 declines.
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 million).
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