Sensex gains 121 points; ICICI Bank, SBI, RIL lead
Published: 18th October 2012 03:18 PM
Last Updated: 18th October 2012 03:18 PM
Indian markets continue to trade higher led by gains seen in
realty, banking and auto stocks. BSE Midcap and Smallcap index
outperformed benchmark indices.
At 1.49 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
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.
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
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 &
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
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 was positive with 1,600 advances against 1,109
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