Indian equitiespared some of the early morning gainsin noon trade on Monday ahead of RBI monetary policy which is scheduled tomorrow. Oil & gas, consumer durables and auto stocks traded marginally higher, while IT and capital goods saw profit booking.
At 11.53., the Sensex was trading up 47.66 points or 0.26% at 18,673 with 17 components gaining. Meanwhile, the Nifty was trading higher by 13.40 points or 0.24% at 5,677.70 with 32 components gaining.
Finance Minister P Chidambaram on Monday said path to fiscal consolidation will be the top priority. He said Kelkar committee recommendations are wholesome and have been accepted by the government.
The 30-share benchmark index, BSE Sensex opened with a gain of 30.66 points or 0.16% at 18,656, while the broad based NSE Nifty began flat with a gain of 0.90 points or 0.02%, at 5,665.20.
Sensex Movers
Reliance Industries contributed rise of 21.48 points in the Sensex. It was followed by HDFC Bank (8.25 points), Mahindra & Mahindra (6.79 points), Wipro (5.85 points) and Oil & Natural Gas Corporation (4.71 points).
However, Hindustan Unilever contributed fall of 7.61 points in the Sensex. It was followed by Infosys (6.18 points), ICICI Bank (4.28 points), Tata Consultancy Services (2.63 points) and Sterlite Industries (India) (2.45 points).
Biggest gainers in the 30-share index were Wipro (2.31%), Hero Motocorp (1.76%), Hindalco Industries (1.64%), Mahindra & Mahindra (1.47%), Reliance Industries (1.25%), and Tata Power Company (1.19%).
On the other hand, Sterlite Industries (India) (1.34%), Hindustan Unilever (1.04%), Maruti Suzuki India (0.54%), Infosys (0.45%), Coal India (0.39%), and ICICI Bank (0.30%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap and Smallcap index rose 0.15% and 0.35% respectively.
Sectors in Limelight
The Oil & Gas index was at 8,457.32, up by 62.76 points or by 0.75%. The major gainers were Oil & Natural Gas Corporation (0.67%), Gujarat State Petronet (0.53%), Cairn India (0.4%), Indian Oil Corporation (0.15%) and Oil India (0.05%).
The Auto index was at 10,351.71, up by 61.96 points or by 0.60%. The major gainers were Hero Motocorp (1.76%), Mahindra & Mahindra (1.47%), Exide Industries (1.05%), Bajaj Auto (0.93%) and Cummins India (0.56%).
The HC index was at 7,520.14, up by 41.57 points or by 0.56%. The major gainers were Dr Reddy's Laboratories (1.07%), Cipla (1.03%), Biocon (0.52%), Cadila Healthcare (0.04%) and Aurobindo Pharma (0.03%).
On the other hand, the IT index was at 5,654.29, down by 7.2 points or by 0.13%. The major losers were Hexaware Technologies (1.46%), Oracle Financial Services Software (1.19%), Mphasis (0.52%), Infosys (0.45%) and HCL Technologies (0.08%).
Market Breadth
Market breadth was positive with 1,367 advances against 1,047 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 506.10 million. It was followed by State Bank Of India (Rs. 498.12 million), United Breweries (Rs. 313.03 million) and ICICI Bank (Rs. 165.52 million).
The volume chart was led by Kingfisher Airlines with trades of over 7.70 million shares. It was followed by Cals Refineries (5.03 million), Lanco Infratech (3.43 million) and Veer Energy and Infrastructure (1.96 million).
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