Market cautious ahead of RBI policy; rate-sensitives rise

28th January 2013 03:18 PM

Indian equities continue to trade flat in post noon trade on Mondayahead of RBI policy tomorrow. Realty and auto stocks gained, while oil & gas and power stocks declined.

At 2.12 pm, the Sensex was trading up 13.12 points or 0.07% at 20,116.65 with 16 components gaining. Meanwhile, the Nifty was trading higher by 6.10 points or 0.10% at 6,080.75 with 27 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 25.47 points or 0.13% at 20,129.00, while the broad based NSE Nifty started with a rise of 7.45 points or 0.12%, at 6,082.10.

Sensex Movers

I C I C I Bank contributed rise of 20.55 points in the Sensex. It was followed by Tata Motors (12.93 points), H D F C Bank (6.02 points), Mahindra & Mahindra (5.47 points) and Wipro (5.12 points).

However, Reliance Industries contributed fall of 23.64 points in the Sensex. It was followed by Oil & Natural Gas Corporation (12.63 points), Hindustan Unilever (7.9 points), Larsen & Toubro (4.06 points) and Bharti Airtel (3.96 points).

Biggest gainers in the 30-share index were Hindalco Industries (2.49%), Sterlite Industries (India) (2.45%), Hero Motocorp (1.92%), Wipro (1.77%), Tata Motors (1.76%), and I C I C I Bank (1.28%).

On the other hand, Oil & Natural Gas Corporation (1.48%), Hindustan Unilever (1.26%), Reliance Industries (1.25%), NTPC (0.88%), Bharti Airtel (0.72%), and Sun Pharmaceutical Industries (0.56%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.20% and 0.53% respectively. The major gainers in the BSE Midcap were Anant Raj (2.36%), Aban Offshore (2.23%), Amara Raja Batteries (1.19%), Amtek Auto (0.7%) and Allcargo Logistics (0.28%).The major gainers in the BSE Smallcap were Trident (2.15%), Adhunik Metaliks (0.89%), A2Z Maintenance & Engineering Services (0.48%), Reliance MediaWorks (0.27%) and Styrolution ABS (India) (0.05%).

Sectors in Limelight

The Realty index was at 2,229.71, up by 46.08 points or by 2.11%. The major gainers were D L F (2.62%), Anant Raj (2.36%), Indiabulls Real Estate (2.1%), Godrej Properties (1.51%) and Housing Development and Infrastructure (1.39%).

The Auto index was at 11,193.13, up by 121.89 points or by 1.10%. The major gainers were Hero Motocorp (1.92%), Bajaj Auto (0.66%), Ashok Leyland (0.6%), Exide Industries (0.5%) and Bharat Forge (0.19%).

The Bankex index was at 14,667.32, up by 102.26 points or by 0.70%. The major gainers were I C I C I Bank (1.28%), Kotak Mahindra Bank (0.55%), H D F C Bank (0.41%), Bank Of India (0.33%) and IDBI Bank (0.32%).

On the other hand, the Oil & Gas index was at 9,446.94, down by 88.9 points or by 0.93%. The major losers were Hindustan Petroleum Corporation (2.85%), Oil & Natural Gas Corporation (1.48%), Bharat Petroleum Corporation (1.3%), Indian Oil Corporation (1.16%) and Castrol India (0.02%).

Market Breadth

Market breadth was positive with 1,525 advances against 1,228 declines.

Value and Volume Toppers

Housing Development and Infrastructure topped the value chart on the BSE with a turnover of Rs. 678.99 million. It was followed by Jet Airways (India) (Rs. 517.66 million), State Bank Of India (Rs. 493.07 million) and Reliance Infrastructure (Rs. 290.65 million).

The volume chart was led by Suzlon Energy with trades of over 10.05 million shares. It was followed by Housing Development and Infrastructure (8.12 million), Visesh Infotecnics (4.97 million) and Unitech (4.97 million).

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