Sensex, Nifty up 0.8%; L&T, Sterlite, Tata Power rise
Published: 09th October 2012 01:18 PM
Last Updated: 09th October 2012 01:18 PM
Indian markets traded highertracking strong Asian cues and
sustained buying activity is being witnessedin index heavyweights.
Healthcare, metal and capital goods stocks led the advance.
At 11.49 a.m., the Sensex was trading up 154.90 points or 0.83%
at 18,863.88 with 23 components gaining. Meanwhile, the Nifty was
trading higher by 45.35 points or 0.80% at 5,721.35 with 41
The 30-share benchmark index, BSE Sensex opened with a gain of
87.27 points or 0.47% at 18,796.25, while the broad based NSE Nifty
started with a rise of 32.15 points or 0.57%, at 5,708.15.
Larsen & Toubro contributed rise of 22.89 points in the
Sensex. It was followed by ICICI Bank (20.97 points), HDFC Bank
(16.55 points), ITC (11.97 points) and Housing Development Finance
Corporation (10.26 points).
However, Bharti Airtel contributed fall of 4.31 points in the
Sensex. It was followed by Wipro (1.85 points), NTPC (1.45 points),
Bharat Heavy Electricals (1.16 points) and Reliance Communications
Major gainers in the 30-share index were Larsen & Toubro
(2.21%), Sterlite Industries (India) (1.99%), Tata Power Company
(1.87%), Sun Pharmaceutical Industries (1.85%), Dr Reddy"s
Laboratories (1.84%), and Jindal Steel & Power (1.68%).
On the other hand, Bajaj Auto (1.59%), Bharti Airtel (0.98%),
Wipro (0.67%), Bharat Heavy Electricals (0.49%), GAIL (India)
(0.46%), and NTPC (0.44%) were the biggest losers in the
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.89% and 0.87% respectively. The major
gainers in the BSE Midcap were Aban Offshore (2.28%), ABG Shipyard
(1.34%), Alok Industries (1.23%), AIA Engineering (0.88%) and
Allcargo Logistics (0.26%).The major gainers in the BSE Smallcap
were Aarti Industries (6.46%), Trident (3.9%), A2Z Maintenance
& Engineering Services (3.12%), A B G Infralogistics (1.52%)
and Styrolution ABS (India) (0.71%).
Sectors in Limelight
The Consumer Durables index was at 7,157.11, up by 107.95 points
or by 1.53%. The major gainers were Bajaj Electricals (4.76%),
Rajesh Exports (1.1%), Gitanjali Gems (0.37%), Whirlpool Of India
(0.35%) and Blue Star (0.14%).
The Capital Goods index was at 11,194.35, up by 161.57 points or
by 1.46%. The major gainers were Crompton Greaves (1.26%), ABB
(1%), A I A Engineering (0.88%), BEML (0.79%) and Bharat
The HC index was at 7,624.58, up by 108.57 points or by 1.44%.
The major gainers were Biocon (2.95%), Divis Laboratories (1.94%),
Cipla (1.57%), Cadila Healthcare (1.31%) and Aurobindo Pharma
The IPO index was at 1,679.07, up by 21.51 points or by 1.30%.
The major gainers were BS TransComm (2.31%), Electrosteel Steels
(2.04%), Career Point (1.68%), Coal India (0.97%) and Commercial
Engineers and Body Builders Company (0.1%).
Market breadth was positive with 1,574 advances against 940
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover
of Rs. 649.58 million. It was followed by State Bank Of India (Rs.
306.79 million), IVRCL (Rs. 264.40 million) and Shree Cement (Rs.
The volume chart was led by JM Financial with trades of over
9.62 million shares. It was followed by Sujana Towers (5.69
million), IVRCL (5.55 million) and Housing Development and
Infrastructure (2.19 million).