Sensex gains 121 pts; Tata Power, Tata Motors, SBI rally

18th October 2012 03:18 PM

Indian markets continued to trade higher led by gains seen in realty, banking and auto stocks. BSE Midcap and Smallcap index outperformed benchmark indices.

At 01.49 p.m., the Sensex was trading up 121.18 points or 0.65% at 18,731.95 with 22 components gaining. Meanwhile, the Nifty was trading higher by 33.75 points or 0.60% at 5,694 with 38 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 42.83 points or 0.23% at 18,653.60, while the broad based NSE Nifty started with a rise of 15.05 points or 0.27%, at 5,675.30.

Sensex Movers

ICICI Bank contributed rise of 17.5 points in the Sensex. It was followed by State Bank Of India (14.61 points), Reliance Industries (14.21 points), HDFC Bank (14.03 points) and Larsen & Toubro (13.89 points).

However, Sun Pharmaceutical Industries contributed fall of 5.83 points in the Sensex. It was followed by Bharti Airtel (4.99 points), Grasim Industries (2.19 points), Wipro (2.13 points) and Oil & Natural Gas Corporation (1.13 points).

Biggest gainers in the 30-share index were Tata Power Company (2.70%), Tata Motors (2.08%), State Bank Of India (2.05%), Hero Motocorp (1.59%), Hindalco Industries (1.37%), and Larsen & Toubro (1.29%).

On the other hand, Sun Pharmaceutical Industries (1.66%), Bharti Airtel (1.22%), Wipro (0.84%), GAIL (India) (0.46%), Oil & Natural Gas Corporation (0.16%), and NTPC (0.12%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.98% and 0.66% respectively. The major gainers in the BSE Midcap were Amara Raja Batteries (6.43%), Allahabad Bank (2.35%), Alstom India (1.03%), Aban Offshore (0.68%) and CORE Education and Technologies (0.08%).The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (1.68%), Reliance MediaWorks (1.1%), Trident (0.9%), Action Construction Equipment (0.6%) and Aanjaneya Lifecare (0.19%).

Sectors in Limelight

The Realty index was at 1,847.52, up by 36.73 points or by 2.03%. The major gainers were Anant Raj Industries (5.76%), Indiabulls Real Estate (3.09%), DLF (2.36%), DB Realty (1.48%) and Godrej Properties (0.03%).

The Bankex index was at 13,250.55, up by 214.41 points or by 1.64%. The major gainers were Bank Of Baroda(2.9%), Bank Of India (1.71%), Canara Bank (1.55%), Federal Bank (1.39%) and HDFC Bank (1%).

The Auto index was at 10,316.59, up by 116.79 points or by 1.15%. The major gainers were Exide Industries (2.27%), Hero Motocorp (1.59%), Ashok Leyland (0.64%), Bajaj Auto (0.6%) and Bharat Forge (0.41%).

On the other hand, the HC index was at 7,553.58, down by 25.8 points or by 0.34%. The major losers were Apollo Hospitals Enterprise (1.41%), Ipca Laboratories (0.75%), Glenmark Pharmaceutical (0.6%), Dr Reddy'S Laboratories (0.08%) and Glaxo SmithKline Pharmaceuticals (0.02%).

Market Breadth

Market breadth was positive with 1,600 advances against 1,109 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 799.49 million. It was followed by Axis Bank (Rs. 449.84 million), Reliance Industries (Rs. 326.56 million) and United Spirits (Rs. 300.08 million).

The volume chart was led by Cals Refineries with trades of over 6.29 million shares. It was followed by TV18 Broadcast (5.46 million), Lanco Infratech (4.58 million) and JSW ISPAT Steel (4.16 million).

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