Sensex trades above 18,400; Nifty regains 5,600
21st November 2012 04:18 PM
Indian markets gained momentum despite weak European markets on expectations ofbetter outcome fromWinter session of Parliament. Buying interest was seen in realty, consumer durables and banking stocks.
At 2.52 p.m., the Sensex was trading up 123.08 points or 0.67% at 18,452.40 with 19 components gaining. Meanwhile, the Nifty was trading higher by 37.65 points or 0.68% at 5,609.20 with 35 components gaining.
On the other hand,European stocks declined in early trade on Wednesday after policy makers meeting in Brussels failed to reach a decision on assisting debt-laden Greece. U.S. futures retreated, while Asian shares advanced.
The 30-share benchmark index, BSE Sensex opened with a gain of 50.58 points or 0.28% at 18,379.90, while the broad based NSE Nifty started with a rise of 10.95 points or 0.20%, at 5,582.50.
I C I C I Bank contributed rise of 30.03 points in the Sensex. It was followed by I T C (29.14 points), Infosys (17.12 points), H D F C Bank (16.9 points) and Larsen & Toubro (11.02 points).
However, NTPC contributed fall of 8.71 points in the Sensex. It was followed by Housing Development Finance Corporation (6.97 points), Bharat Heavy Electricals (5.6 points), Bharti Airtel (3.45 points) and Hero Motocorp (2.14 points).
Biggest gainers in the 30-share index were Sun Pharmaceutical Industries (2.45%), I C I C I Bank (2.14%), Jindal Steel & Power (2.08%), Cipla (1.90%), Tata Power Company (1.83%), and I T C (1.62%).
On the other hand, NTPC (2.68%), Bharat Heavy Electricals (2.39%), Hero Motocorp (0.99%), Bharti Airtel (0.73%), Maruti Suzuki India (0.49%), and Housing Development Finance Corporation (0.49%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.35% and 0.39% respectively.The major gainers in the BSE Midcap were Anant Raj Industries (6.85%), Andhra Bank (1.7%), Allahabad Bank (1.44%), A I A Engineering (1.22%) and Amtek Auto (0.35%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (12.25%), Reliance MediaWorks (2.68%), A2Z Maintenance & Engineering Services (0.86%), Aarti Industries (0.8%) and Aegis Logistics (0.64%).
Sectors in Limelight
The Realty index was at 1,875.29, up by 42.79 points or by 2.34%. The major gainers were D B Realty (7.3%), Anant Raj Industries (6.85%), Indiabulls Real Estate (3.71%), D L F (1.65%) and Godrej Properties (1.58%).
The Consumer Durables index was at 7,496.43, up by 108.05 points or by 1.46%. The major gainers were Titan Industries (2.35%), T T K Prestige (1.13%), Blue Star (0.83%), Whirlpool Of India (0.62%) and Gitanjali Gems (0.33%).
The IPO index was at 1,789.64, up by 24.44 points or by 1.38%. The major gainers were Aanjaneya Lifecare (12.25%), Claris Lifesciences (5.7%), Flexituff International (4.58%), Future Ventures India (2.91%) and A2Z Maintenance & Engineering Services (0.86%).
On the other hand, the Power index was at 1,922.19, down by 15.61 points or by 0.81%. The major losers were NTPC (2.68%), Bharat Heavy Electricals (2.39%), Power Grid Corporation Of India (1.85%), Crompton Greaves (1.27%) and G M R Infrastructure (0.83%).
Market breadth was positive with 1,494 advances against 1,330 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 676.92 million. It was followed by L&T Finance Holdings (Rs. 575.14 million), Tata Coffee (Rs. 448.31 million) and Cipla (Rs. 425.00 million).
The volume chart was led by L&T Finance Holdings with trades of over 7.34 million shares. It was followed by Spicejet (4.83 million), Cals Refineries (4.13 million) and TV18 Broadcast (3.33 million).
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