Sensex rallies 180 points above 20100; rate-sensitives jump ahead of policy
25th January 2013 04:18 PM
Indian equities settled higher on Friday led by interest rate sensitives ahead of the RBI policy next week on January 29. At the close, the benchmark 30-share index, BSE Sensex added 179.75 or 0.90% at 20,103.53 with 23 components posting rise. Meanwhile, the broad based NSE Nifty went up by 55.30 or 0.92% at 6,074.65 with 38 components posting rise.
Rakesh Goyal, senior vice president, Bonanza Portfolio said, ''The recovery indicates a positive indicator and if Nifty sustains above 6,080 level in coming sessions, another new high is quite likely. Overall trend continues to be bullish till Nifty trades above 5,950 level. Positive global cues, Liquidity and a probable rate cuts along with Q3 results are key factors which shall be driving the near term trend. Technically, 6,080 level is crucial deciding level in near term, and index is likely to witness further rally above this level. In coming sessions, below 6,050, likely support levels are 6,020-5,950, while above 6,075, likely target is 6,100-6,150.''
Tata Motors contributed rise of 18.75 points in the Sensex. It was followed by State Bank Of India (17.63 points), I C I C I Bank (13.96 points), Larsen & Toubro (13.79 points) and H D F C Bank (13.61 points).
However, Reliance Industries contributed fall of 5.06 points in the Sensex. It was followed by Housing Development Finance Corporation (4.16 points), Bharti Airtel (3.79 points), Tata Power Company (2.09 points) and NTPC (2 points).
Major gainers in the 30-share index were Maruti Suzuki India (4.20%), Jindal Steel & Power (3.82%), Bajaj Auto (3.36%), Mahindra & Mahindra (2.58%), Tata Motors (2.55%), and Sun Pharmaceutical Industries (2.47%).
On the other hand, Tata Power Company (0.98%), Bharti Airtel (0.69%), Coal India (0.67%), NTPC (0.62%), Hero Motocorp (0.57%), and Housing Development Finance Corporation (0.28%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 1.91% and 1.08% respectively. The major gainers in the BSE Midcap were Amtek Auto (4.26%), Allahabad Bank (3.26%), Amara Raja Batteries (2.35%), A I A Engineering (1.3%) and CORE Education and Technologies (0.07%).The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (8.08%), Aarti Industries (6.98%), Action Construction Equipment (2.67%), Aanjaneya Lifecare (1.7%) and Styrolution ABS (India) (0.99%).
Sectors in Limelight
The Realty index was at 2,186.57, up by 95.29 points or by 4.56%. The major gainers were Housing Development and Infrastructure (10.52%), Anant Raj (5.13%), Indiabulls Real Estate (4.66%), D L F (3.46%) and Godrej Properties (2.93%).
The Auto index was at 11,075.57, up by 241.18 points or by 2.23%. The major gainers were Maruti Suzuki India (4.2%), Bajaj Auto (3.36%), Mahindra & Mahindra (2.58%), Ashok Leyland (2.46%) and Bharat Forge (0.43%).
The Metal index was at 10,617.94, up by 182.33 points or by 1.75%. The major gainers were Jindal Steel & Power (3.82%), JSW Steel (3.7%), Hindustan Zinc (2.35%), Hindalco Industries (2.19%) and Bhushan Steel (1.02%).
The HC index was at 7,998.54, up by 125.13 points or by 1.59%. The major gainers were Cipla (1.76%), Biocon (1.73%), Aurobindo Pharma (1.54%), Divis Laboratories (1.3%) and Dr Reddy'S Laboratories (0.81%).
Market breadth was positive with 1,690 advances against 1,245 declines.
Value and Volume Toppers
Housing Development and Infrastructure topped the value chart on the BSE with a turnover of Rs. 2,016.48 million. It was followed by State Bank Of India (Rs. 721.04 million), Jet Airways (India) (Rs. 718.04 million) and Suzlon Energy (Rs. 491.33 million).
The volume chart was led by Housing Development and Infrastructure with trades of over 24.44 million shares. It was followed by Suzlon Energy (23.29 million), Unitech (7.78 million) and Spicejet (7.48 million).
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