Indian markets continue to trade marginally higherinafternoon on Wednesday. Consumer durables, realty and auto stocks fell, while healthcare and oil & gas gained.At 1.53 p.m., the Sensex was trading up 26.26 points or 0.14% at 18,850.17 with 20 components gaining. Meanwhile, the Nifty was trading higher by 7.85 points or 0.14% at 5,726.65 with 27 components gaining.
European stocks declined after Spanish Prime Minister Mariano Rajoy denied immediate plans to ask for a bailout and a report showed China"s services industry expanded at the weakest pace in at least 19 months. Asian shares and U.S. index futures also dropped.
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 22.42 points in the Sensex. It was followed by Housing Development Finance Corporation (13.22 points), Hindustan Unilever (12.88 points), Tata Consultancy Services (11.66 points) and Larsen & Toubro (4.91 points).
However, ITC contributed fall of 21.79 points in the Sensex. It was followed by Infosys (16.1 points), HDFC Bank (7.84 points), Tata Motors (5.29 points) and Hero Motocorp (3.06 points).
Major gainers in the 30-share index were Dr Reddy"s Laboratories (2.75%), Hindustan Unilever (1.90%), Coal India (1.58%), Tata Consultancy Services (1.29%), Reliance Industries (1.25%), and Tata Steel (1.09%).
On the other hand, Jindal Steel & Power (3.78%), Hero Motocorp (1.34%), ITC (1.28%), Bajaj Auto (1.24%), Infosys (1.07%), and Bharat Heavy Electricals (0.87%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.32% and 0.65% respectively. The major gainers in the BSE Midcap were Alok Industries (2.56%), Aban Offshore (2.48%), Alstom India (1.13%), ABG Shipyard (0.31%) and AIA Engineering (0.21%).The major gainers in the BSE Smallcap were Trident (5.96%), Adhunik Metaliks (2.84%), Action Construction Equipment (1.52%), Aarti Industries (0.39%) and Aanjaneya Lifecare (0.17%).
Sectors in Limelight
The HC index was at 7,628.99, up by 67.68 points or by 0.90%. The major gainers were Apollo Hospitals Enterprise (3.38%), Aurobindo Pharma (1.56%), Cadila Healthcare (1.22%), Cipla (1.07%) and Biocon (0.86%).
The Oil & Gas index was at 8,705.15, up by 65.66 points or by 0.76%. The major gainers were Reliance Industries (1.25%), Petronet LNG (0.87%), Oil & Natural Gas Corporation (0.34%), GAIL (India) (0.26%) and Indian Oil Corporation (0.16%).
The Consumer Durables index was at 6,926.74, down by 32.6 points or by 0.47%. The major losers were Titan Industries (1.49%), C.Mahendra Exports (0.53%), Rajesh Exports (0.46%) and Videocon Industries (0.12%).The Auto index was at 10,437.87, down by 43.09 points or by 0.41%. The major losers were Exide Industries (1.76%), Hero Motocorp (1.34%), Bajaj Auto (1.24%), Cummins India (1.11%) and Tata Motors (0.86%).
Market Breadth
Market breadth was positive with 1,633 advances against 1,209 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 1,244.86 million. It was followed by State Bank Of India (Rs. 676.57 million), Reliance Capital (Rs. 413.72 million) and Lovable Lingerie (Rs. 381.96 million).
The volume chart was led by Cals Refineries with trades of over 5.94 million shares. It was followed by JM Financial (4.54 million), Firstsource Solutions (3.27 million) and Spicejet (3.04 million).
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