Sensex turns positive; Hindalco, Cipla, Tata Power rise

15th October 2012 02:18 PM

Indian equitiessnappedits earlierlosses in the post noon trade after European market opened with a bang. Realty, healthcare and oil & gas stocks traded higher.

At 01.05 p.m., the Sensex was trading up 21.21 points or 0.11% at 18,696.39 with 18 components gaining. Meanwhile, the Nifty was trading higher by 10.70 points or 0.19% at 5,686.75 with 33 components gaining.

Europeanstocks advanced as investors awaited U.S. retail sales and manufacturing data to help gauge the strength of the worldâ™s largest economy. U.S. index futures rose, while Asian shares were little changed.

The 30-share benchmark index, BSE Sensex opened flat with a rise of 15.81 points or 0.08% at 18,690.99, while the broad based NSE Nifty started with a fall of 1.80 points or 0.03%, at 5,674.25.

Sensex Movers

Reliance Industries contributed rise of 15.4 points in the Sensex. It was followed by ITC (8.95 points), HDFC Bank (4.51 points), State Bank Of India (4.43 points) and Hindalco Industries (3.85 points).

However, Infosys contributed fall of 12.83 points in the Sensex. It was followed by Housing Development Finance Corporation (6.43 points), Maruti Suzuki India (3.75 points), Tata Consultancy Services (3.67 points) and Sterlite Industries (India) (1.53 points).

Major gainers in the 30-share index were Hindalco Industries (2.08%), Cipla (1.20%), Tata Power Company (1.12%), Jindal Steel & Power (0.92%), Reliance Industries (0.87%), and Dr Reddy"s Laboratories (0.80%).

On the other hand, Maruti Suzuki India (1.68%), Infosys (0.86%), Coal India (0.83%), Sterlite Industries (India) (0.83%), Housing Development Finance Corporation (0.46%), and Tata Consultancy Services (0.41%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap and Smallcap index rose 0.17% and 0.65% respectively.

Sectors in Limelight

The Realty index was at 1,884.78, up by 15.13 points or by 0.81%. The major gainers were DB Realty (5%), Oberoi Realty (3.3%), Anant Raj Industries (0.86%), Godrej Properties (0.62%) and Housing Development and Infrastructure (0.38%).

The HC index was at 7,610.76, up by 40.63 points or by 0.54%. The major gainers were Cipla (1.2%), Divis Laboratories (1.07%), Dr Reddy"s Laboratories (0.8%), Cadila Healthcare (0.64%) and Glaxo SmithKline Pharmaceuticals (0.26%).

The Oil & Gas index was at 8,586.35, up by 42.95 points or by 0.50%. The major gainers were Gujarat State Petronet (1.38%), Cairn India (0.95%), Petronet LNG (0.92%), Reliance Industries (0.87%) and Oil & Natural Gas Corporation (0.27%).

On the other hand, the Consumer Durables index was at 7,151.88, down by 43.15 points or by 0.6%. The major losers were T T K Prestige (3.17%), Titan Industries (0.99%), Rajesh Exports (0.66%), Blue Star (0.45%) and V I P Industries (0.16%).

Market Breadth

Market breadth was positive with 1,434 advances against 1,198 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 754.19 million. It was followed by State Bank Of India (Rs. 464.22 million), Infosys (Rs. 412.96 million) and T T K Prestige (Rs. 229.74 million).

The volume chart was led by Kingfisher Airlines with trades of over 5.97 million shares. It was followed by Unitech (4.77 million), Cals Refineries (3.50 million) and TV18 Broadcast (2.32 million).

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