Sensex trades flat; Realty surges 2.8%

11th October 2012 02:18 PM

Indian markets were tradingflat in post noon session on Thursday. TheBSE Midcap and Smallcap index outperformed the benchmark indices. Realty gained the most followed by power and capital goods, while auto and FMCG declined.

Most European stocks fell, the euro weakened and German bonds advanced after Standard & Poorâ™s downgraded Spain"s debt rating. Australiaâ™s dollar rose on better-than-expected jobs data.

At 12.53 p.m., the Sensex was trading up 4.23 points or 0.02% at 18,635.33 with 14 components gaining. Meanwhile, the Nifty was trading higher by 2.55 points or 0.05% at 5,654.70 with 28 components gaining.

The 30-share benchmark index, BSE Sensex opened flat with a decline of 3.73 points or 0.02% at 18,627.37, while the broad based NSE Nifty started with a rise of 11.35 points or 0.20%, at 5,663.50.

Sensex Movers

HDFC Bank contributed rise of 11.62 points in the Sensex. It was followed by Bharti Airtel (5.8 points), Oil & Natural Gas Corporation (5.71 points), Tata Consultancy Services (3.51 points) and Bharat Heavy Electricals (2.52 points).

However, ITC contributed fall of 10.5 points in the Sensex. It was followed by Reliance Industries (9.11 points), State Bank Of India (4.7 points), Mahindra & Mahindra (4.4 points) and Maruti Suzuki India (2.94 points).

Major gainers in the 30-share index were Bharti Airtel (1.34%), Tata Power Company (1.20%), Bharat Heavy Electricals (1.08%), Coal India (0.93%), HDFC Bank (0.84%), and Oil & Natural Gas Corporation (0.78%).

On the other hand, Maruti Suzuki India (1.32%), Mahindra & Mahindra (1.01%), GAI L (India) (0.83%), State Bank Of India (0.68%), ITC (0.62%), and Reliance Industries (0.51%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.51% and 0.30% respectively. The major gainers in the BSE Midcap were Anant Raj Industries (1.71%), Alstom India (1.6%), Andhra Bank (0.74%), Apollo Hospitals Enterprise (0.74%) and Aban Offshore (0.48%).The major gainers in the BSE Smallcap were Adhunik Metaliks (1.91%), Aarti Industries (1.43%), Aegis Logistics (1.34%), Aanjaneya Lifecare (0.5%) and Reliance MediaWorks (0.13%).

Sectors in Limelight

The Realty index was at 1,853.43, up by 50.26 points or by 2.79%. The major gainers were DLF (1.88%), Housing Development and Infrastructure (1.86%), Anant Raj Industries (1.71%), Indiabulls Real Estate (1.48%) and Godrej Properties (0.74%).

The Power index was at 2,023.29, up by 10.70 points or by 0.53%. The major gainers were Bharat Heavy Electricals (1.08%), Crompton Greaves (0.97%), Reliance Infrastructure (0.59%), ABB (0.53%) and NTPC (0.39%).

The PSU index was at 7,383.23, up by 27.20 points or by 0.37%. The major gainers were Allahabad Bank(1.31%), Andhra Bank (0.74%), Bank Of India (0.59%), BEML (0.24%) and Balmer Lawrie & Company (0.08%).

On the other hand, the Auto index was at 10,222.76, down by 61.46 points or by 0.6%. The major losers were Maruti Suzuki India (1.32%), Bharat Forge (1.3%), Mahindra & Mahindra (1.01%), Hero Motocorp (0.44%) and Bajaj Auto (0.36%).

Market Breadth

Market breadth was negative with 1,270 advances against 1,285 declines.

Value and Volume Toppers

Yes Bank topped the value chart on the BSE with a turnover of Rs. 773.41 million. It was followed by State Bank Of India (Rs. 568.62 million), United Spirits (Rs. 460.45 million) and Housing Development and Infrastructure (Rs. 225.73 million).

The volume chart was led by Cals Refineries with trades of over 6.94 million shares. It was followed by Unitech (4.94 million), Lanco Infratech (4.03 million) and Firstsource Solutions (3.27 million).

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