Indian equities ended on a buoyant note with Sensex closing
above 19,000 mark on hopes of further reforms. Defensive
stocks-realty and bankinggained the most.
At the close, the benchmark 30-share index, BSE Sensex gained
188.46 points or 1.00% at 19,058.15 with 20 components posting
rise. Meanwhile, the broad based NSE Nifty went up by 56.35 points
or 0.98% at 5,787.60 with 34 components registering rise.
Nidhi Sarswat, senior research analyst, Bonanza Portfolio said,
''Nifty made a high of 5,807 which is the highest in last 17
months. Supported by encouraging news from within the country as
well as globally, has pushed the positive sentiment forward. The
Cabinet meet is awaited today and very much anticipated too about
the positive outcomes. The final outcomes shall impact the market
mood for the coming week. After consolidating in narrow range for
about a week, Nifty has given yet another breakout today above 5750
resistance level. For the coming sessions, 5810 shall be the
deciding level. Above 5810, market can move upto 5,850-5,950 levels
in coming sessions. Short positions must be avoided in such an
uptrend and investors may also book partial profits at current
levels. On the downside, 5,750-5,690 shall be support levels.''
ICICI Bank contributed rise of 43.11 points in the Sensex. It
was followed by ITC (30.56 points), HDFC Bank (26.57 points),
Housing Development Finance Corporation (23.54 points) and Bharat
Heavy Electricals (15.65 points).
However, Mahindra & Mahindra contributed fall of 5.54 points
in the Sensex. It was followed by Tata Consultancy Services (4.58
points), Hero Motocorp (2.36 points), Infosys (1.85 points) and
Tata Power Company (1.07 points).
Biggest gainers in the 30-share index were Bharat Heavy
Electricals (6.57%), ICICI Bank (2.93%), Dr Reddy's Laboratories
(2.16%), State Bank Of India (2.15%), Maruti Suzuki India (1.97%),
and HDFC Bank (1.88%).
On the other hand, Cipla (3.86%), Mahindra & Mahindra
(1.24%), Bajaj Auto (1.05%), Hero Motocorp (1.02%), Coal India
(0.92%), and Hindalco Industries (0.56%) were the major losers in
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts gaining 0.41% and 0.35% respectively.The major gainers
in the BSE Midcap were A I A Engineering (2.49%), Amtek Auto
(2.22%), Aban Offshore (1.75%), Alstom India (1.61%) and Allcargo
Logistics (0.22%).The major gainers in the BSE Smallcap were Aegis
Logistics (5.08%), Action Construction Equipment (4.76%),
Styrolution ABS (India) (3.7%), Aarti Industries (2.25%) and
Sectors in Limelight
The Realty index was at 1,944.41, up by 91.58 points or by
4.94%. The major gainers were DB Realty (9.97%), Indiabulls Real
Estate (8.38%), Housing Development and Infrastructure (5.65%), DLF
(5.4%) and Godrej Properties (0.82%).
The Consumer Durables index was at 7,113.50, up by 169.16 points
or by 2.44%. The major gainers were Blue Star (5.74%), Titan
Industries (3.01%), Gitanjali Gems (1.52%), Whirlpool Of India
(1.28%) and C.Mahendra Exports (0.11%).
The Bankex index was at 13,357.44, up by 251.39 points or by
1.92%. The major gainers were Federal Bank (2.23%), H D F C Bank
(1.88%), Bank Of Baroda (1.46%), Bank Of India (0.3%) and Canara
On the other hand, the HC index was at 7,532.98, down by 69.61
points or by 0.92%. The major losers were Cipla (3.86%), Cadila
Healthcare (3.09%), Biocon (1.66%), Aurobindo Pharma (1.57%) and
Apollo Hospitals Enterprise (1.37%).
Market breadth was positive with 1,735 advances against 1,281
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 1,127.11 million. It was followed by Housing
Development and Infrastructure (Rs. 717.99 million), United Spirits
(Rs. 706.27 million) and Reliance Capital (Rs. 671.01 million).
The volume chart was led by Lanco Infratech with trades of over
11.10 million shares. It was followed by I V R C L (10.30 million),
Spicejet (7.87 million) and I F C I (7.13 million).