Indian equities are trading higher on Wednesday on relentless
buying seen in auto, realty, metal and oil & gasstocks in
anticipation that RBI may easemonetary policy bynext month.
At 11.49 a.m., the Sensex was trading up 92 points or 0.48% at
19,456.75 with 24 components gaining. Meanwhile, the Nifty was
trading higher by 27.65 points or 0.47% at 5,924.45 with 41
The 30-share benchmark index, BSE Sensex opened with a gain of
65.16 points or 0.34% at 19,429.91, while the broad based NSE Nifty
started with a rise of 20.50 points or 0.35%, at 5,917.30.
Tata Motors contributed rise of 17.57 points in the Sensex. It
was followed by Reliance Industries (17.07 points), Tata
Consultancy Services (15.47 points), Oil & Natural Gas
Corporation (12.78 points) and HDFC Bank (12.22 points).
However, Housing Development Finance Corporation contributed
fall of 24.3 points in the Sensex. It was followed by ICICI Bank
(12.71 points), ITC (9 points), Larsen & Toubro (5.86 points)
and Hindustan Unilever (2.07 points).
Biggest gainers in the 30-share index were Tata Motors (2.79%),
Bajaj Auto (2.56%), Maruti Suzuki India (2.35%), Oil & Natural
Gas Corporation (1.89%), Tata Steel (1.87%), and Tata Consultancy
On the other hand, Housing Development Finance Corporation
(1.60%), ICICI Bank (0.83%), Larsen & Toubro (0.54%), ITC
(0.46%), NTPC (0.39%), and Hindustan Unilever (0.31%) were the
major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.66% and 0.59% respectively. The major
gainers in the BSE Midcap were ABG Shipyard (1.56%), Allahabad Bank
(1.46%), Aban Offshore (1.42%), Amara Raja Batteries (0.71%) and
Alstom India (0.22%).The major gainers in the BSE Smallcap were
Trident (2.41%), A2Z Maintenance & Engineering Services
(1.85%), Adhunik Metaliks (1.59%), Action Construction Equipment
(1.32%) and Styrolution ABS (India) (0.93%).
Sectors in Limelight
The Auto index was at 11,475.22, up by 188.52 points or by
1.67%. The major gainers were Bajaj Auto (2.56%), Exide Industries
(1.74%), Ashok Leyland (1.45%), Hero Motocorp (0.61%) and Cummins
The Realty index was at 2,152.81, up by 32.14 points or by
1.52%. The major gainers were D B Realty (2.49%), DLF (1.48%),
Anant Raj (1.32%), Indiabulls Real Estate (0.73%) and Housing
Development and Infrastructure (0.25%).
The Metal index was at 11,097.09, up by 150.42 points or by
1.37%. The major gainers were Hindalco Industries (1.61%), Jindal
Steel & Power (1.33%), JSW Steel (1.19%), Coal India (1.09%)
and Bhushan Steel (1.01%).
On the other hand, the Capital Goods index was at 11,038.46,
down by 26.69 points or by 0.24%. The major losers were Alstom
T&D India (1.25%), Crompton Greaves (1.06%), AIA Engineering
(0.86%), Lakshmi Machine Works (0.79%) and Larsen & Toubro
Market breadth was positive with 1,546 advances against 1,036
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 361.16 million. It was followed by Karnataka Bank ,
The (Rs. 321.01 million), United Spirits (Rs. 318.01 million) and
Reliance Capital (Rs. 311.45 million).
The volume chart was led by Alok Industries with trades of over
4.91 million shares. It was followed by Indiabulls Power (3.95
million), IFCI (3.29 million) and Cals Refineries (3.26