Indian marketsrecovered marginally in early trade on Wednesday from previous loss led by healthcare, auto and consumer durables. At 10.08 a.m, the Sensex was trading up 39.64 points or 0.22% at 18,470.49 with 21 components gaining. Meanwhile, the Nifty was trading higher by 7.60 points or 0.14% at 5,605.50 with 33 components gaining.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 5.94 points or 0.03% at 18,436.79, while the broad based NSE Nifty started with a fall of 1.15 points or 0.02%, at 5,596.75.
Sensex Movers
Tata Motors contributed rise of 10.15
points in the Sensex. It was followed by I T C (6.47 points),
Infosys (6.03 points), State Bank Of India (4.55 points) and Bharti
Airtel (4.29 points).
However, Larsen & Toubro contributed fall of 9.34 points in the Sensex. It was followed by Hindustan Unilever (6.89 points), Housing Development Finance Corporation (5.8 points), H D F C Bank (2.22 points) and Bharat Heavy Electricals (2.07 points).
Biggest gainers in the 30-share index were Dr Reddy's Laboratories (2.33%), Tata Motors (1.76%), Maruti Suzuki India (1.53%), Cipla (1.37%), Wipro (1.31%), and Bharti Airtel (1.04%).
On the other hand, Hindustan Unilever (0.99%), Bharat Heavy Electricals (0.85%), Larsen & Toubro (0.85%), Housing Development Finance Corporation (0.43%), Jindal Steel & Power (0.36%), and Oil & Natural Gas Corporation (0.27%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.38% and 0.25% respectively. The major gainers in the BSE Midcap were Aban Offshore (1.14%), Amtek India (1.06%), Allahabad Bank (0.8%), CORE Education and Technologies (0.48%) and A B G Shipyard (0.04%).The major gainers in the BSE Smallcap were Aarti Industries (3.58%), Styrolution ABS (India) (2.18%), Adhunik Metaliks (0.34%), Action Construction Equipment (0.2%) and Reliance MediaWorks (0.14%).
Sectors in Limelight
The HC index was at 7,595.33, up by 103.90 points or by 1.39%. The major gainers were Biocon (1.7%), Cipla (1.37%), Aurobindo Pharma (0.31%), Apollo Hospitals Enterprise (0.3%) and Cadila Healthcare (0.02%).
The Auto index was at 10,245.90, up by 96.00 points or by 0.95%. The major gainers were Maruti Suzuki India (1.53%), Hero Motocorp (0.93%), Bajaj Auto (0.68%), Mahindra & Mahindra (0.61%) and Cummins India (0.04%).
The Consumer Durables index was at 6,951.08, up by 52.72 points or by 0.76%. The major gainers were Whirlpool Of India (4.02%), C.Mahendra Exports (1.66%), Rajesh Exports (0.92%), Blue Star (0.53%) and Gitanjali Gems (0.15%).
On the other hand, the Capital Goods index was at 10,848.68, down by 55.86 points or by 0.51%. The major losers were Alstom T&D India (1.17%), Bharat Heavy Electricals (0.85%), Larsen & Toubro (0.85%), Alstom India (0.64%) and Pipavav Defence and Offshore Engineering Company (0.32%).
Market Breadth
Market breadth was positive with 1,002 advances against 812 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 291.00 million. It was followed by United Spirits (Rs. 124.65 million), Larsen & Toubro (Rs. 111.37 million) and Tribhovandas Bhimji Zaveri (Rs. 90.76 million).
The volume chart was led by Kingfisher Airlines with trades of over 0.95 million shares. It was followed by TV18 Broadcast (0.91 million), Lanco Infratech (0.90 million) and Cals Refineries (0.88 million).
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