Sensex flat with positive bias; Consumer Durables, HC rise
17th October 2012 01:18 PM
Indian markets turned marginally higherin post noonsession on Wednesday. Some buying is being witnessed in consumer durables, healthcare and FMCG stocks.
European stocks climbed in early tradeamid an increase in mergers-and-acquisition activity and as a U.S. report showed retail sales rose more than forecast in September.
At 12.50 p.m., the Sensex was trading up 15.17 points or 0.08% at 18,592.87 with 17 components gaining. Meanwhile, the Nifty was trading higher by 5.10 points or 0.09% at 5,653.10 with 28 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 90.02 points or 0.48% at 18,667.72, while the broad based NSE Nifty started with a rise of 33.10 points or 0.59%, at 5,681.10.
ITC contributed rise of 15.34 points in the Sensex. It was followed by Housing Development Finance Corporation (11.21 points), ICICI Bank (9.36 points), Infosys (5.56 points) and Tata Power Company (4.02 points).
However, Reliance Industries contributed fall of 21.54 points in the Sensex. It was followed by Tata Consultancy Services (12.22 points), HDFC Bank (3.55 points), Hindustan Unilever (2.79 points) and DLF (1.94 points).
Major gainers in the 30-share index were Tata Power Company (2.02%), Maruti Suzuki India (1.12%), ITC (0.84%), Housing Development Finance Corporation (0.84%), Bharat Heavy Electricals (0.74%), and Bharti Airtel (0.69%).
On the other hand, GAIL (India) (1.78%), Tata Consultancy Services (1.37%), Reliance Industries (1.26%), Sun Pharmaceutical Industries (0.54%), Hero Motocorp (0.47%), and Sterlite Industries (India) (0.45%) were the biggest losers in the Sensex.
The BSE Midcap index was at 6629.23 down by 3.78 points or by 0.06%. The major losers were Anant Raj Industries (1.89%), Hexaware Technologies (1.64%), Andhra Bank (0.51%), Amtek Auto (0.19%) and ABG Shipyard (0.03%).
Sectors in Limelight
The Consumer Durables index was at 7,205.49, up by 55.79 points or by 0.78%. The major gainers were C.Mahendra Exports (8.24%), Titan Industries (1.01%), Bajaj Electricals (0.49%), Blue Star (0.14%) and Whirlpool Of India (0.04%).
The HC index was at 7,586.18, up by 37.22 points or by 0.49%. The major gainers were Apollo Hospitals Enterprise (2.99%), Cadila Healthcare (1.55%), Aurobindo Pharma (1.29%), Dr Reddy'S Laboratories (0.45%) and Divis Laboratories (0.17%).
The FMCG index was at 5,810.73, up by 20.62 points or by 0.36%. The major gainers were Tata Global Beverages (1.71%), I T C (0.84%), United Spirits (0.65%), Godrej Consumer Products (0.55%) and Nestle India (0.1%).
On the other hand, the Oil & Gas index was at 8,472.77, down by 50.73 points or by 0.6%. The major losers were G A I L (India) (1.78%), Reliance Industries (1.26%), Petronet LNG (0.64%), Oil India (0.37%) and Bharat Petroleum Corporation (0.36%).
Market breadth was negative with 1,212 advances against 1,432 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 601.14 million. It was followed by State Bank Of India (Rs. 585.54 million), United Breweries (Holdings) (Rs. 266.59 million) and Reliance Industries (Rs. 244.72 million).
The volume chart was led by TV18 Broadcast with trades of over 6.90 million shares. It was followed by Kingfisher Airlines (5.97 million), Unitech (2.87 million) and Housing Development and Infrastructure (2.25 million).
- India's poor need more purchasing power, not doles
- Japan support sought for Vision 2023
- Rahul aide to pick Nellore MP candidate
- Kerala: PSC guidelines put candidates in a fix
- Dead son's education loan: Bank seeks its pound of flesh
- With Advani visit, Modi begins charm offensive
- Social media goes martial over High Court's marital ruling
- Slum removal scheme tweaked to make it more effective
- Thousands missing near Kedarnath shrine
- Indian Coast Guards help rescue 26 crew from shipwreck near Yemen
- Tata Motors unveils 8 upgraded models of passenger vehicles
- Flaws in Koodankulam plant
- Army Major captures 'UFO' in Kerala
- Prices of 348 drugs to come down drastically from May 15
- 60 killed in Nigerian village attacks
- Callgate: Doctors were prime target for Biju, Saritha Nair