Nifty nears 5,700 mark

02nd November 2012 01:18 PM

Indian equities continue to trade in the northward direction on the back of sustained buying interest seen in index pivotals - L&T, ICICI Bank and ITC. On sectoral front, consumer durables, IT and auto led advance.

At 11.58 a.m., the Sensex was trading up 162.07 points or 0.87% at 18,723.77 with 26 components gaining. Meanwhile, the Nifty was trading higher by 45.95 points or 0.81% at 5,691 with 45 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 130.45 points or 0.70% at 18,692.15, while the broad based NSE Nifty started with a rise of 51.30 points or 0.91%, at 5,696.35.

Sensex Movers

Larsen & Toubro contributed rise of 26.13 points in the Sensex. It was followed by ICICI Bank (24.02 points), Infosys (20.77 points), ITC (20.33 points) and Tata Consultancy Services (12.52 points).

However, Hindustan Unilever contributed fall of 5.06 points in the Sensex. It was followed by Reliance Industries (3.96 points), Bharti Airtel (3.73 points), Sun Pharmaceutical Industries (0.22 points) and Tata Motors (0.44 points).

Major gainers in the 30-share index were Bajaj Auto (2.44%), Larsen & Toubro (2.34%), Hero Motocorp (2.08%), GAIL (India) (2.04%), Mahindra & Mahindra (1.81%), and ICICI Bank (1.63%).

On the other hand, Bharti Airtel (0.89%), Hindustan Unilever (0.72%), Reliance Industries (0.24%), and Sun Pharmaceutical Industries (0.06%) were the major losers in the Sensex pack.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.58% and 0.76% respectively.The major gainers in the BSE Midcap were Anant Raj Industries (1.44%), Amtek Auto (0.63%), ABG Shipyard (0.47%), Allahabad Bank (0.33%) and Amara Raja Batteries (0.31%).The major gainers in the BSE Smallcap were Adhunik Metaliks (3.99%), A2Z Maintenance & Engineering Services (3.74%), Reliance MediaWorks (1.33%), Aarti Industries (0.97%) and Action Construction Equipment (0.81%).

Sectors in Limelight

The Capital Goods index was at 11,110.37, up by 185.82 points or by 1.70%. The major gainers were Bharat Heavy Electricals (1.35%), BEML (1.28%), Bharat Electronics (0.84%), Havell'S India (0.45%) and Lakshmi Machine Works (0.44%).

The IT index was at 5,817.50, up by 84.81 points or by 1.48%. The major gainers were Hexaware Technologies (2.38%), Infosys (1.54%), Oracle Financial Services Software (1.5%), HCL Technologies (1.45%) and Mphasis (0.61%).

The TECk index was at 3,381.58, up by 41.53 points or by 1.24%. The major gainers were Oracle Financial Services Software (1.5%), Reliance MediaWorks (1.33%), Dish TV India (1.07%), Idea Cellular (0.93%) and Mphasis (0.61%).

The Auto index was at 10,647.28, up by 113.65 points or by 1.08%. The major gainers were Bajaj Auto (2.44%), Hero Motocorp (2.08%), Exide Industries (1.52%), Ashok Leyland (1.48%) and Cummins India (0.88%).

Market Breadth

Market breadth was positive with 1,561 advances against 950 declines.

Value and Volume Toppers

Aditya Birla Nuvo topped the value chart on the BSE with a turnover of Rs. 275.91 million. It was followed by Jindal Steel & Power (Rs. 261.10 million), State Bank Of India (Rs. 226.40 million) and Reliance Capital (Rs. 196.91 million).

The volume chart was led by Ashok Leyland with trades of over 5.73 million shares. It was followed by Kingfisher Airlines (5.12 million), Northgate Technologies (2.81 million) and Cals Refineries (2.29 million).

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