Sensex gains 50 points; Hindalco, Maruti, Dr Reddy`s rally
By IRIS
31st October 2012 03:18 PM
Indian equities bounced back into the positive terrain as European market opened in green. Healthcare and auto stocks gained the most.
At 2.09 p.m., the Sensex was trading up 49.82 points or 0.27% at 18,480.67 with 20 components gaining. Meanwhile, the Nifty was trading higher by 13 points or 0.23% at 5,610.90 with 33 components gaining.
European stocks were little changed, after the biggest rally in two weeks yesterday, as companies from ArcelorMittal to Anheuser-Busch InBev NV (ABI) reported results. U.S. futures and Asian shares rose.
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
Housing Development Finance Corporation contributed rise of 19.23 points in the Sensex. It was followed by Tata Motors (10.39 points), State Bank Of India (9.16 points), Mahindra & Mahindra (7.15 points) and Maruti Suzuki India (7.11 points).
However, Oil & Natural Gas Corporation contributed fall of 14.57 points in the Sensex. It was followed by Hindustan Unilever (9.49 points), Larsen & Toubro (8.17 points), ITC (6.47 points) and Bharat Heavy Electricals (2.65 points).
Biggest gainers in the 30-share index were Hindalco Industries (3.34%), Maruti Suzuki India (3.08%), Dr Reddy's Laboratories (1.94%), Tata Motors (1.80%), Cipla (1.79%), and Mahindra & Mahindra (1.51%).
On the other hand, Oil & Natural Gas Corporation (2.12%), GAIL (India) (1.61%), Hindustan Unilever (1.36%), Bharat Heavy Electricals (1.10%), Larsen & Toubro (0.74%), and Coal India (0.61%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap and Smallcap index rose 0.63% and 0.30% respectively.
Sectors in Limelight
The HC index was at 7,593.86, up by 102.43 points or by 1.37%. The major gainers were Divis Laboratories (2.12%), Dr Reddy'S Laboratories (1.94%), Biocon (1.91%), Cipla (1.79%) and Apollo Hospitals Enterprise (0.24%).
The Auto index was at 10,278.40, up by 128.50 points or by 1.27%. The major gainers were Mahindra & Mahindra (1.51%), Ashok Leyland (0.87%), Bajaj Auto (0.7%), Hero Motocorp (0.63%) and Cummins India (0.23%).
The Realty index was at 1,759.73, up by 13.10 points or by 0.75%. The major gainers were DB Realty (2.89%), Anant Raj Industries (2.75%), DLF (1.68%), Housing Development and Infrastructure (1.56%) and Indiabulls Real Estate (1.23%).
On the other hand, the FMCG index was at 5,669.95, down by 27.29 points or by 0.48%. The major losers were Hindustan Unilever (1.36%), Jubilant FoodWorks (0.93%), Godrej Consumer Products (0.56%) and ITC (0.35%).
Market Breadth
Market breadth was negative with 1,336 advances against 1,328 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 822.27 million. It was followed by United Spirits (Rs. 376.86 million), Reliance Capital (Rs. 371.52 million) and Maruti Suzuki India (Rs. 290.94 million).
The volume chart was led by Cals Refineries with trades of over 6.48 million shares. It was followed by Alok Industries (5.48 million), TV18 Broadcast (4.63 million) and Lanco Infratech (3.62 million).
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