Indian equities traded higher with some decent gains as buying is being witnessed in oil & gas, healthcare andPSU stocks. However,consumer durables, auto and realty stocks faced the brunt of profit booking.At 11.51 a.m., the Sensex was trading up 65.87 points or 0.35% at 18,889.78 with 22 components gaining. Meanwhile, the Nifty was trading higher by 17.15 points or 0.30% at 5,735.95 with 33 components gaining.
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 35.48 points in the Sensex. It was followed by Hindustan Unilever (11.72 points), Tata Consultancy Services (10.04 points), ICICI Bank (9.58 points) and Housing Development Finance Corporation (7.91 points).
However, ITC contributed fall of 25.58 points in the Sensex. It was followed by Infosys (7.03 points), HDFC Bank (6.29 points), Tata Motors (4.63 points) and Hero Motocorp (3.63 points).
Major gainers in the 30-share index were Dr Reddy"s Laboratories (2.59%), Reliance Industries (1.98%), Hindustan Unilever (1.72%), Coal India (1.27%), Bharti Airtel (1.24%), and Sun Pharmaceutical Industries (1.11%).
On the other hand, Jindal Steel & Power (3.56%), Hero Motocorp (1.59%), ITC (1.50%), Bajaj Auto (1.34%), Bharat Heavy Electricals (0.93%), and Tata Motors (0.75%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.47% and 0.84% respectively. The major gainers in the BSE Midcap were Alok Industries (3.65%), Aban Offshore (1.48%), Alstom India (1.03%), AIA Engineering (0.62%) and ABG Shipyard (0.36%).The major gainers in the BSE Smallcap were ABG Infralogistics (3.57%), Trident (3.09%), Aanjaneya Lifecare (1.63%), Aarti Industries (1.55%) and Styrolution ABS (India) (0.98%).
Sectors in Limelight
The Oil & Gas index was at 8,747.90, up by 108.41 points or by 1.25%. The major gainers were Indian Oil Corporation (0.83%), GAIL (India) (0.35%), Hindustan Petroleum Corporation (0.34%), Bharat Petroleum Corporation (0.28%) and Oil India (0.23%).
The HC index was at 7,615.35, up by 54.04 points or by 0.71%. The major gainers were Aurobindo Pharma (1.8%), Apollo Hospitals Enterprise (1.39%), Cadila Healthcare (1.22%), Biocon (0.93%) and Cipla (0.08%).
The IPO index was at 1,642.25, up by 10.46 points or by 0.64%. The major gainers were Electrosteel Steels (2.9%), Bedmutha Industries (1.74%), Career Point (1.44%), Coal India (1.27%) and Ashoka Buildcon (1.02%).
On the other hand, the Consumer Durables index was at 6,930.50, down by 28.84 points or by 0.41%. The major losers were Titan Industries (1.36%), C.Mahendra Exports (0.75%), Gitanjali Gems (0.35%) and Blue Star (0.03%).
Market Breadth
Market breadth was positive with 1,678 advances against 926 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 1,092.97 million. It was followed by State Bank Of India (Rs. 429.12 million), Reliance Capital (Rs. 237.04 million) and United Breweries (Holdings) (Rs. 215.62 million).
The volume chart was led by JM Financial with trades of over 3.15 million shares. It was followed by Firstsource Solutions (2.59 million), Raj Oil Mills (1.90 million) and Spicejet (1.82 million).
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