Sensex trades up 190 points; Mid and small-caps underperform
04th October 2012 03:18 PM
Indian markets continue to trade on a strong note as European market opened in the positive terrain. Realty stocksrallied further followed by consumer durables and banking.At 2.05 p.m., the Sensex was trading up 189.59 points or 1.00% at 19,059.28 with 21 components gaining. Meanwhile, the Nifty was trading higher by 55.70 points or 0.97% at 5,786.95 with 34 components gaining.
European stocks advanced as investors awaited a policy meeting by the euro area"s central bank, amid speculation on the timing of a Spanish bailout. U.S. index futures and Asian shares were little changed.
The 30-share benchmark index, BSE Sensex opened with a gain of 70.06 points or 0.37% at 18,939.75, while the broad based NSE Nifty started with a rise of 20.30 points or 0.35%, at 5,751.55.
ICICI Bank contributed rise of 49.12 points in the Sensex. It was followed by HDFC Bank (23.26 points), Housing Development Finance Corporation (21.98 points), Reliance Industries (19.68 points) and ITC (17.51 points).
However, Mahindra & Mahindra contributed fall of 5.9 points in the Sensex. It was followed by Tata Consultancy Services (3.99 points), Hero Motocorp (2.5 points), Infosys (1.5 points) and Sun Pharmaceutical Industries (0.78 points).
Biggest gainers in the 30-share index were Bharat Heavy Electricals (6.23%), ICICI Bank (3.34%), Bharti Airtel (2.00%), State Bank Of India (1.94%), Dr Reddy"s Laboratories (1.92%), and Tata Steel (1.86%).
On the other hand, Cipla (2.49%), Mahindra & Mahindra (1.32%), Hero Motocorp (1.08%), Coal India (0.99%), Bajaj Auto (0.85%), and Tata Consultancy Services (0.44%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.51% and 0.41% respectively.The major gainers in the BSE Midcap were Amtek India (2.65%), Alstom India (2.31%), Amtek Auto (1.61%), Allcargo Logistics (0.18%) and Aban Offshore (0.06%).The major gainers in the BSE Smallcap were Action Construction Equipment (5.14%), Styrolution ABS (India) (3.28%), Aarti Industries (1.41%), Trident (1.16%) and A2Z Maintenance & Engineering Services (0.26%).
Sectors in Limelight
The Realty index was at 1,928.80, up by 75.97 points or by 4.10%. The major gainers were DB Realty (9.97%), Indiabulls Real Estate (6.84%), Housing Development and Infrastructure (5.26%), DLF (4.52%) and Godrej Properties (0.63%).
The Consumer Durables index was at 7,116.57, up by 172.23 points or by 2.48%. The major gainers were Gitanjali Gems (1.9%), Whirlpool Of India (1.89%), Rajesh Exports (0.99%), Blue Star (0.98%) and C.Mahendra Exports (0.11%).
The Bankex index was at 13,346.40, up by 240.35 points or by 1.83%. The major gainers were ICICI Bank (3.34%), Federal Bank (2.48%), HDFC Bank (1.65%), Bank Of Baroda (1.5%) and Bank Of India (0.72%).
On the other hand, the HC index was at 7,542.10, down by 60.49 points or by 0.8%. The major losers were Cadila Healthcare (2.59%), Aurobindo Pharma (2.59%), Cipla (2.49%), Biocon (1.54%) and Apollo Hospitals Enterprise (0.47%).
Market breadth was positive with 1,712 advances against 1,169 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 762.29 million. It was followed by Housing Development and Infrastructure (Rs. 526.98 million), Reliance Capital (Rs. 499.84 million) and United Spirits (Rs. 459.13 million).
The volume chart was led by Lanco Infratech with trades of over 8.91 million shares. It was followed by IVRCL (7.40 million), Housing Development and Infrastructure (4.96 million) and Unitech (4.57 million).
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