Sensex ends up 188 pts at 19,058 on reform hopes

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.''

Sensex Movers

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 the Sensex.

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 Trident (0.53%).

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 Bank (0.07%).

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

Market breadth was positive with 1,735 advances against 1,281 declines.

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).