Sensex turns positive; Bankex, IT, Healthcare lead

22nd October 2012 12:18 PM

Indian markets turned positive to tradeflat led by banking, ITand healthcare stocks. At 11.05 a.m., the Sensex was trading up 24.58 points or 0.13% at 18,706.89 with 18 components gaining. Meanwhile, the Nifty was trading higher by 2.60 points or 0.05% at 5,686.85 with 27 components gaining.

The 30-share benchmark index, BSE Sensex opened with a decline of 26.38 points or 0.14% at 18,655.93, while the broad based NSE Nifty started with a fall of 16.65 points or 0.29%, at 5,667.60.

Sensex Movers

ICICI Bank contributed rise of 24.51 points in the Sensex. It was followed by Tata Consultancy Services (17.75 points), HDFC Bank (10.62 points), Reliance Industries (6.74 points) and Mahindra & Mahindra (4.85 points).

However, ITC contributed fall of 29.61 points in the Sensex. It was followed by Housing Development Finance Corporation (8.38 points), Tata Motors (6.52 points), Larsen & Toubro (4.05 points) and State Bank Of India (2.97 points).

Major gainers in the 30-share index were Tata Consultancy Services (1.97%), ICICI Bank (1.72%), Dr Reddy's Laboratories (1.47%), Cipla (1.28%), NTPC (1.20%), and Mahindra & Mahindra (1.04%).

On the other hand, ITC (1.61%), Tata Motors (1.08%), Sterlite Industries (India) (1.05%), Jindal Steel & Power (1.02%), Housing Development Finance Corporation (0.62%), and Sun Pharmaceutical Industries (0.58%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap and Smallcap index rose 0.23% and 0.38% respectively.

Sectors in Limelight

The IT index was at 5,738.46, up by 38.09 points or by 0.67%. The major gainers were CORE Education and Technologies (0.63%), Tech Mahindra (0.5%), Oracle Financial Services Software (0.42%), Mphasis (0.17%) and Infosys (0.07%).

The Bankex index was at 13,275.63, up by 82.58 points or by 0.63%. The major gainers were ICICI Bank (1.72%), Federal Bank (1.68%), Canara Bank (1.61%), HDFC Bank (0.76%) and Bank Of India (0.55%).

The FMCG index was at 5,851.10, down by 50.87 points or by 0.86%. The major losers were United Spirits (2.06%), ITC (1.61%), Jubilant FoodWorks (0.94%), Godrej Consumer Products (0.78%) and Colgate-Palmolive (India) (0.46%).The Realty index was at 1,832.73, down by 11.42 points or by 0.62%. The major losers were Parsvnath Developers (4.11%), Godrej Properties (1.06%), Housing Development and Infrastructure (0.68%), DLF (0.53%) and DB Realty (0.51%).

Market Breadth

Market breadth was negative with 1,150 advances against 1,073 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 222.21 million. It was followed by United Spirits (Rs. 185.76 million), Tribhovandas Bhimji Zaveri (Rs. 164.71 million) and Tata Consultancy Services (Rs. 157.56 million).

The volume chart was led by Dazzel Confindive with trades of over 2.32 million shares. It was followed by Subex (2.10 million), GCV Services (1.27 million) and Firstsource Solutions (1.21 million).

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