Sensex continues to trade higher; Bharti surges

23rd January 2013 12:18 PM

Indian equities bounced back on Wednesday snapping earlier losses. At 11.01 a.m, the Sensex was trading up 48.89 points or 0.24% at 20,030.46 with 18 components gaining. Meanwhile, the Nifty was trading higher by 10.50 points or 0.17% at 6,059 with 29 components gaining.

The 30-share benchmark index, BSE Sensex opened flat with a rise of 15.47 points or 0.08% at 19,997.04, while the broad based NSE Nifty began flat with a gain of 4.35 points or 0.07%, at 6,052.85.

Sensex Movers

I T C contributed rise of 22.91 points in the Sensex. It was followed by Bharti Airtel (19.75 points), H D F C Bank (19.31 points), Housing Development Finance Corporation (13.82 points) and Larsen & Toubro (10.11 points).

However, Hindustan Unilever contributed fall of 31.69 points in the Sensex. It was followed by Oil & Natural Gas Corporation (13.87 points), Tata Motors (11.25 points), Tata Consultancy Services (3.26 points) and NTPC (1.75 points).

Major gainers in the 30-share index were Bharti Airtel (3.63%), H D F C Bank (1.31%), I T C (1.23%), Cipla (1.04%), Larsen & Toubro (1.01%), and Tata Steel (0.98%).

On the other hand, Hindustan Unilever (5.09%), Oil & Natural Gas Corporation (1.63%), Tata Motors (1.54%), Bajaj Auto (0.57%), NTPC (0.55%), and Bharat Heavy Electricals (0.41%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.09% and 0.03% respectively.The major gainers in the BSE Midcap were Apollo Hospitals Enterprise (3.61%), Delta Corp (0.77%), Amtek Auto (0.73%), CORE Education and Technologies (0.13%) and Aban Offshore (0.09%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (3.44%), Action Construction Equipment (3.16%), Adhunik Metaliks (1.32%), Styrolution ABS (India) (0.88%) and Reliance MediaWorks (0.19%).

Sectors in Limelight

The Realty index was at 2,254.35, up by 19.34 points or by 0.87%. The major gainers were Oberoi Realty (2.72%), Indiabulls Real Estate (2.29%), Prestige Estates Projects (1.96%), D L F (1.66%) and Phoenix Mills (0.28%).

The TECk index was at 3,817.73, up by 21.72 points or by 0.57%. The major gainers were Bharti Airtel (3.63%), Idea Cellular (3.36%), Dish TV India (0.34%), Mphasis (0.19%) and Reliance MediaWorks (0.19%).

The Capital Goods index was at 10,616.20, up by 47.50 points or by 0.45%. The major gainers were Sadbhav Engineering (1.88%), Larsen & Toubro (1.01%), Jindal Saw (1.01%), A B B (0.94%) and Suzlon Energy (0.8%).

On the other hand, the Auto index was at 11,149.95, down by 56.17 points or by 0.5%. The major losers were Ashok Leyland (1.56%), Bharat Forge (0.75%), Bajaj Auto (0.57%), Bosch (0.17%) and Hero Motocorp (0.01%).

Market Breadth

Market breadth was negative with 1,077 advances against 1,211 declines.

Value and Volume Toppers

Hindustan Unilever topped the value chart on the BSE with a turnover of Rs. 512.18 million. It was followed by Housing Development and Infrastructure (Rs. 277.69 million), United Spirits (Rs. 227.37 million) and United Breweries (Rs. 179.24 million).

The volume chart was led by Manappuram Finance with trades of over 3.13 million shares. It was followed by Housing Development and Infrastructure (2.53 million), Kingfisher Airlines (2.04 million) and Unitech (1.75 million).

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