Indian equities ended on a higher note led by healthcare, auto and realty stocks.Banking sector also showed some recovery after yesterdayâ™s selling. Capital Goods and Oil & Gas continued to face selling pressure.
At the close, the benchmark 30-share index, BSE Sensex gained 74.53 pointsor 0.40% at 18,505.38 with 19 components registering rise. Meanwhile, the broad based NSE Nifty went up by 21.80 points or 0.39% at 5,619.70 with 33 components posting rise.Nidhi Sarswat, senior research analyst, Bonanza Portfolio said, ''Nifty had broken below the long-held support at 5,635 in yesterday's session, turning the near term market sentiment to negative. However, in today's session, recovery was seen from lower levels. But this is still too early to say that further recovery is on the way as 5,650 shall be key resistance level to watch for in the coming sessions. Selling pressure may be renewed in rallies and investors must trade cautiously over long positions."
"In the coming sessions, 5,580 level on the downside and 5650 level on the upside shall be deciding levels. If it goes above 5,650, further buying momentum is likely for a target of 5,700-5,750. Second quarterly results for FY13 shall continue to be in focus in coming sessions,'' she added.
Sensex Movers
Housing Development Finance Corporation contributed rise of 17.99 points in the Sensex. It was followed by Tata Motors (16.25 points), State Bank Of India (11.67 points), Hindalco Industries (8.89 points) and I C I C I Bank (7.1 points).
However, Oil & Natural Gas Corporation contributed fall of 11.82 points in the Sensex. It was followed by Larsen & Toubro (8.85 points), I T C (7.13 points), H D F C Bank (6.66 points) and Hindustan Unilever (3.8 points).
Major gainers in the 30-share index were Hindalco Industries (5.00%), Maruti Suzuki India (2.99%), Tata Motors (2.81%), Cipla (2.52%), Jindal Steel & Power (2.12%), and Dr Reddy's Laboratories (1.97%).
On the other hand, Oil & Natural Gas Corporation (1.72%), G A I L (India) (1.70%), Bharat Heavy Electricals (1.32%), Larsen & Toubro (0.80%), Hindustan Unilever (0.55%), and H D F C Bank (0.47%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.88% and 0.50% respectively. The major gainers in the BSE Midcap were A I A Engineering (5.04%), Amara Raja Batteries (3.55%), Allahabad Bank (3.54%), Aban Offshore (0.51%) and Allcargo Logistics (0.04%).The major gainers in the BSE Smallcap were Aarti Industries (5.28%), Aegis Logistics (3.33%), Reliance MediaWorks (1.22%), Adhunik Metaliks (1.01%) and Advanta India (0.26%).
Sectors in Limelight
The HC index was at 7,620.50, up by 129.07 points or by 1.72%. The major gainers were Divis Laboratories (3.44%), Biocon (2.55%), Cipla (2.52%), Cadila Healthcare (1.51%) and Apollo Hospitals Enterprise (0.24%).
The Auto index was at 10,307.26, up by 157.36 points or by 1.55%. The major gainers were Ashok Leyland (1.96%), Exide Industries (0.96%), Bajaj Auto (0.93%), Cummins India (0.41%) and Hero Motocorp (0.37%).
The Realty index was at 1,771.62, up by 24.99 points or by 1.43%. The major gainers were D B Realty (4.98%), Anant Raj Industries (4.36%), Housing Development and Infrastructure (2.96%), D L F (1.83%) and Indiabulls Real Estate (1.15%).
On the other hand, the Capital Goods index was at 10,864.04, down by 40.5 points or by 0.37%. The major losers were BEML (1.97%), Alstom India (1.46%), Bharat Heavy Electricals (1.32%), Alstom T&D India (1.17%) and Larsen & Toubro (0.8%).
Market Breadth
Market breadth was positive with 1,504 advances against 1,331 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,115.45 million. It was followed by United Spirits (Rs. 806.11 million), Reliance Capital (Rs. 508.79 million) and Maruti Suzuki India (Rs. 369.99 million).
The volume chart was led by TV18 Broadcast with trades of over 6.52 million shares. It was followed by Alok Industries (6.31 million), Lanco Infratech (5.48 million) and Veer Energy and Infrastructure (3.82 million).
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