Indian marketscontinue to trade on a tepidnote tracking mixed Asian peers. Oil & gas, healthcareand metal stocks traded marginally higher.
At 10.52 a.m., the Sensex was trading up 45.59 points or 0.24% at 18,869.50 with 19 components gaining. Meanwhile, the Nifty was trading higher by 13.75 points or 0.24% at 5,732.55 with 31 components gaining.
Asian stocks are trading mixed amid speculation Spain will request a bailout even as Prime Minister Mariano Rajoy said there are no imminent plans to ask for aid and before the release of Chinese data on the services industry.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 17.58 points or 0.09% at 18,841.49, while the broad based NSE Nifty started with a rise of 8.90 points or 0.16%, at 5,727.70.
Sensex Movers
Reliance Industries contributed rise of 22.12 points in the Sensex. It was followed by Housing Development Finance Corporation (12.5 points), Hindustan Unilever (10.45 points), Tata Consultancy Services (8.29 points) and ICICI Bank (6.24 points).
However, ITC contributed fall of 30.22 points in the Sensex. It was followed by HDFC Bank (5.27 points), Hero Motocorp (3.17 points), Bharat Heavy Electricals (2.2 points) and Tata Motors (2.14 points).
Major gainers in the 30-share index were Dr Reddy's Laboratories (2.61%), Hindustan Unilever (1.54%), Bharti Airtel (1.39%), Mahindra & Mahindra (1.24%), Reliance Industries (1.23%), and Sterlite Industries (India) (1.09%).
On the other hand, Jindal Steel & Power (3.27%), ITC (1.77%), Hero Motocorp (1.39%), Bharat Heavy Electricals (0.93%), Bajaj Auto (0.90%), and HDFC Bank (0.38%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.58% and 0.77% respectively. The major gainers in the BSE Midcap were Alok Industries (2.56%), Amara Raja Batteries (2.03%), Aban Offshore (0.66%), AIA Engineering (0.62%) and Alstom India (0.05%).The major gainers in the BSE Smallcap were Trident (3.2%), Aanjaneya Lifecare (2.76%), Aarti Industries (1.42%), Styrolution ABS (India) (0.99%) and A2Z Maintenance & Engineering Services (0.52%).
Sectors in Limelight
The HC index was at 7,628.08, up by 66.77 points or by 0.88%. The major gainers were Aurobindo Pharma (1.73%), Apollo Hospitals Enterprise (1.65%), Cadila Healthcare (1.38%), Biocon (1.32%) and Cipla (0.17%).
The Oil & Gas index was at 8,713.45, up by 73.96 points or by 0.86%. The major gainers were Indian Oil Corporation (1.07%), Oil & Natural Gas Corporation (0.68%), Bharat Petroleum Corporation (0.46%), Hindustan Petroleum Corporation (0.27%) and Gujarat State Petronet (0.25%).
The IPO index was at 1,640.94, up by 9.15 points or by 0.56%. The major gainers were Electrosteel Steels (3.02%), Bedmutha Industries (2.77%), Career Point (1.76%), Eros International Media (1.21%) and Coal India (0.6%).
On the other hand, the Consumer Durables index was at 6,940.34, down by 19 points or by 0.27%. The major losers were Titan Industries (1.26%), Blue Star (0.29%) and C.Mahendra Exports (0.21%).
Market Breadth
Market breadth was positive with 1,567 advances against 828 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 913.23 million. It was followed by State Bank Of India (Rs. 276.76 million), United Breweries (Holdings) (Rs. 190.69 million) and Lovable Lingerie (Rs. 187.85 million).
The volume chart was led by JM Financial with trades of over 2.01 million shares. It was followed by Firstsource Solutions (1.37 million), Spicejet (1.36 million) and United Breweries (Holdings) (1.29 million).
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