Indian equities flat with positive bias in early trade on Thursday snapping earlier losses. At 09.22 a.m., the Sensex was trading up 7.78 points or 0.04% at 18,717.80 with 17 components gaining. Meanwhile, the Nifty was trading lower by 0.15 points or 0.00% at 5,691.25 with 20 components falling.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 2.39 points or 0.01% at 18,712.41, while the broad based NSE Nifty started with a fall of 2.60 points or 0.05%, at 5,688.80.
Sensex Movers
Reliance Industries contributed rise of
9.24 points in the Sensex. It was followed by Housing Development
Finance Corporation (7.87 points), Oil & Natural Gas
Corporation (6.47 points), Bharti Airtel (3.76 points) and Sterlite
Industries (India) (3.63 points).
However, H D F C Bank contributed fall of 8.43 points in the Sensex. It was followed by I T C (6.96 points), Infosys (5.98 points), Hindustan Unilever (3.59 points) and I C I C I Bank (2.97 points).
Major gainers in the 30-share index were Sterlite Industries (India) (1.98%), Oil & Natural Gas Corporation (0.92%), Bharti Airtel (0.92%), Jindal Steel & Power (0.79%), Bharat Heavy Electricals (0.77%), and Hindalco Industries (0.75%).
On the other hand, Sun Pharmaceutical Industries (0.82%), Hero Motocorp (0.70%), H D F C Bank (0.60%), Hindustan Unilever (0.49%), Cipla (0.45%), and Infosys (0.43%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.12% and 0.26% respectively. The major gainers in the BSE Midcap were Amtek Auto (0.2%), Amara Raja Batteries (0.09%), A I A Engineering (0.08%), A B G Shipyard (0.07%) and Aban Offshore (0.02%).The major gainers in the BSE Smallcap were Trident (2.16%), Genesys International Corporation (1.63%), Adhunik Metaliks (0.82%), Reliance MediaWorks (0.4%) and Advanta India (0.1%).
Sectors in Limelight
The Oil & Gas index was at 8,521.99, up by 65.55 points or by 0.78%. The major gainers were Hindustan Petroleum Corporation (0.81%), Bharat Petroleum Corporation (0.63%), Cairn India (0.47%), G A I L (India) (0.41%) and Gujarat State Petronet (0.32%).
The Metal index was at 10,316.29, up by 60.56 points or by 0.59%. The major gainers were NMDC (0.83%), Jindal Steel & Power (0.79%), Hindalco Industries (0.75%), JSW Steel (0.44%) and Hindustan Zinc (0.23%).
The PSU index was at 7,388.30, up by 28.73 points or by 0.39%. The major gainers were Balmer Lawrie & Company (1.87%), Bank Of Maharashtra (1.07%), BEML (0.91%), Bank Of Baroda (0.49%) and Bank Of India (0.37%).
On the other hand, the Consumer Durables index was at 7,198.41, down by 30.09 points or by 0.42%. The major losers were Bajaj Electricals (1.07%), Titan Industries (0.63%) and Gitanjali Gems (0.25%).
Market Breadth
Market breadth was positive with 663 advances against 337 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 43.74 million. It was followed by Reliance Industries (Rs. 36.45 million), TV18 Broadcast (Rs. 34.49 million) and Peninsula Land (Rs. 34.35 million).
The volume chart was led by Kingfisher Airlines with trades of over 1.28 million shares. It was followed by TV18 Broadcast (1.27 million), Firstsource Solutions (1.00 million) and Peninsula Land (0.45 million).
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