Sensex trades up 0.4%; TCS, ICICI Bank rally

22nd October 2012 02:18 PM

Indian equities continue to trade higher with some buying interest seen in index heavyweights-TCS, ICICI Bank and RIL. On sectoral front, banking, IT and healthcare werein forefront.

At 1.05 p.m., the Sensex was trading up 72.74 points or 0.39% at 18,755.05 with 17 components gaining. Meanwhile, the Nifty was trading higher by 15.65 points or 0.28% at 5,699.90 with 28 components gaining.

Most European stocks dropped as Japan's exports tumbled the most since the aftermath of last year's earthquake. Asian shares declined, while U.S. index futures gained

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

Tata Consultancy Services contributed rise of 26.71 points in the Sensex. It was followed by ICICI Bank (25.92 points), Reliance Industries (18.03 points), HDFC Bank (16.48 points) and Mahindra & Mahindra (6.69 points).

However, ITC contributed fall of 30.61 points in the Sensex. It was followed by Tata Motors (5.18 points), State Bank Of India (4.84 points), Sterlite Industries (India) (2.66 points) and Larsen & Toubro (2.01 points).

Major gainers in the 30-share index were Tata Consultancy Services (2.96%), ICICI Bank (1.82%), NTPC (1.62%), Dr Reddy's Laboratories (1.58%), Bharti Airtel (1.46%), and Mahindra & Mahindra (1.44%).

On the other hand, ITC (1.66%), Sterlite Industries (India) (1.44%), Jindal Steel & Power (1.20%), Tata Motors (0.86%), State Bank Of India (0.68%), and Hero Motocorp (0.59%) were the major losers in the Sensex.

Mid-cap Space

The BSE Midcap index was at 6668.67 down by 2.95 points or by 0.04%. The major losers were Amara Raja Batteries (5.52%), Amtek Auto (2.61%), Aban Offshore (0.95%), ABG Shipyard (0.94%) and Alstom India (0.07%).

Sectors in Limelight

The IT index was at 5,762.07, up by 61.70 points or by 1.08%. The major gainers were Oracle Financial Services Software (0.76%), HCL Technologies (0.66%), Infosys (0.29%), CORE Education and Technologies (0.26%) and Mphasis (0.2%).

The TECk index was at 3,346.77, up by 29.75 points or by 0.90%. The major gainers were Bharti Airtel (1.46%), Oracle Financial Services Software (0.76%), HCL Technologies (0.66%), Mphasis (0.2%) and Reliance MediaWorks (0.13%).

On the other hand, the FMCG index was at 5,844.82, down by 57.15 points or by 0.97%. The major losers were Jubilant FoodWorks (1.69%), ITC (1.66%), Colgate-Palmolive (India) (0.78%), Dabur India (0.53%) and Godrej Consumer Products (0.07%).

Market Breadth

Market breadth was negative with 1,292 advances against 1,337 declines.

Value and Volume Toppers

State Bank of India topped the value chart on the BSE with a turnover of Rs. 452.54 million. It was followed by Tribhovandas Bhimji Zaveri (Rs. 318.54 million), Tata Consultancy Services (Rs. 273.54 million) and United Spirits (Rs. 248.56 million).

The volume chart was led by Dazzel Confindive with trades of over 3.57 million shares. It was followed by Sujana Towers (3.20 million), Subex (2.76 million) and Firstsource Solutions (1.85 million).

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