Indian equities moved up further after the strong opening for European markets.BSE Midcap and Smallcap index underperformed the benchmark indices. Oil & gas, auto and banking stocks gained, while realty hit most.
At 1.51 p.m., the Sensex was trading up 68.34 points or 0.37% at 18,778.36 with 17 components gaining. Meanwhile, the Nifty was trading higher by 19.50 points or 0.34% at 5,710.90 with 26 components gaining.
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
Housing Development Finance Corporation contributed rise of 25.2 points in the Sensex. It was followed by Reliance Industries (11.83 points), ITC (10.48 points), ICICI Bank (9.65 points) and Mahindra & Mahindra (7.43 points).
However, Hindustan Unilever contributed fall of 6.18 points in the Sensex. It was followed by Tata Motors (5.27 points), Infosys (4.59 points), State Bank Of India (4.26 points) and Maruti Suzuki India (2.75 points).
Major gainers in the 30-share index were Housing Development Finance Corporation (1.87%), Sterlite Industries (India) (1.83%), Hero Motocorp (1.69%), Mahindra & Mahindra (1.59%), NTPC (1.24%), and Hindalco Industries (0.75%).
On the other hand, Dr Reddy's Laboratories (1.18%), Maruti Suzuki India (1.17%), Jindal Steel & Power (1.16%), Tata Motors (0.87%), Hindustan Unilever (0.84%), and State Bank Of India (0.60%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.13% and -0.02% respectively.The major losers in the BSE Midcap were AIA Engineering (1.6%), Allahabad Bank (1.37%), Alstom India (1.35%), Aban Offshore (0.67%) and CORE Education and Technologies (0.57%).The major losers in the BSE Smallcap were Action Construction Equipment (3.42%), Reliance MediaWorks (1.92%), A2Z Maintenance & Engineering Services (1.66%), Aanjaneya Lifecare (0.69%) and Styrolution ABS (India) (0.25%).
Sectors in Limelight
The Oil & Gas index was at 8,503.38, up by 46.94 points or by 0.56%. The major gainers were Oil & Natural Gas Corporation (0.69%), GAIL (India) (0.52%), Indian Oil Corporation (0.4%), Hindustan Petroleum Corporation (0.35%) and Bharat Petroleum Corporation (0.3%).
The Capital Goods index was at 11,353.73, up by 39.95 points or by 0.35%. The major gainers were BEML (0.78%), Bharat Electronics (0.66%), Larsen & Toubro (0.6%), Bharat Heavy Electricals (0.6%) and Pipavav Defence and Offshore Engineering Company (0.38%).
The Auto index was at 10,175.54, up by 27.60 points or by 0.27%. The major gainers were Hero Motocorp (1.69%), Exide Industries (0.79%), Bajaj Auto (0.71%), Cummins India (0.47%) and Bharat Forge (0.37%).
On the other hand, the Realty index was at 1,803.67, down by 37.95 points or by 2.06%. The major losers were DB Realty (4.98%), Indiabulls Real Estate (3.35%), Anant Raj Industries (1.31%), DLF (1.19%) and Godrej Properties (0.38%).
Market Breadth
Market breadth was negative with 1,200 advances against 1,509 declines.
Value and Volume Toppers
Adani Enterprises topped the value chart on the BSE with a turnover of Rs. 1,892.98 million. It was followed by Standard Chartered PLC (Rs. 1,180.10 million), State Bank Of India (Rs. 477.52 million) and IRB Infrastructure Developers (Rs. 477.04 million).
The volume chart was led by Cals Refineries with trades of over 25.63 million shares. It was followed by Standard Chartered PLC (11.45 million), Adani Enterprises (8.53 million) and Kingfisher Airlines (8.48 million).
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