Sensex turns positive; IT, auto, realty rise
07th February 2013 11:18 AM
Indian markets turned positive to trade flat led by some buying interest seen in IT, auto and realty stocks. However, consumer durables and capital goods witnessed profit booking.
At 10.52 a.m., the Sensex was trading up 16.66 points or 0.08% at 19,656.38 with 15 components gaining. Meanwhile, the Nifty was trading higher by 8.90 points or 0.15% at 5,968.10 with 24 components gaining.
The 30-share benchmark index, BSE Sensex opened with a decline of 50.28 points or 0.26% at 19,589.44, while the broad based NSE Nifty started with a fall of 22.75 points or 0.38%, at 5,936.45.
Housing Development Finance Corporation contributed rise of 18.28 points in the Sensex. It was followed by Infosys (8.7 points), I C I C I Bank (6.71 points), Tata Motors (6.62 points) and Tata Consultancy Services (5.9 points).
However, I T C contributed fall of 7.86 points in the Sensex. It was followed by Bharti Airtel (6.21 points), Larsen & Toubro (5.57 points), NTPC (5.37 points) and Sterlite Industries (India) (4.33 points).
Biggest gainers in the 30-share index were Housing Development Finance Corporation (1.31%), Tata Motors (1.05%), Tata Consultancy Services (0.64%), Infosys (0.55%), Mahindra & Mahindra (0.55%), and Hindustan Unilever (0.49%).
On the other hand, Sterlite Industries (India) (2.18%), NTPC (1.77%), Cipla (1.73%), Hero Motocorp (1.39%), Bharti Airtel (1.21%), and G A I L (India) (1.02%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap and Smallcap index rose 0.27% and 0.05% respectively.
Sectors in Limelight
The IT index was at 6,421.64, up by 40.00 points or by 0.63%. The major gainers were Hexaware Technologies (5.08%), Mahindra Satyam (2.28%), Tech Mahindra (2.05%), Mphasis (0.95%) and Infosys (0.55%).
The Auto index was at 10,942.54, up by 35.94 points or by 0.33%. The major gainers were Cummins India (2.56%), Bharat Forge (1.54%), Mahindra & Mahindra (0.55%), Bosch (0.5%) and Exide Industries (0.33%).
The TECk index was at 3,787.28, up by 11.84 points or by 0.31%. The major gainers were Deccan Chronicle Holdings (4.84%), Reliance MediaWorks (1.13%), Mphasis (0.95%), HT Media (0.55%) and Dish TV India (0.27%).
On the other hand, the Consumer Durables index was at 7,479.63, down by 82.04 points or by 1.08%. The major losers were Bajaj Electricals (2.85%), Titan Industries (2.04%), Rajesh Exports (0.51%), Gitanjali Gems (0.24%) and Blue Star (0.2%).
Market breadth was positive with 1,135 advances against 973 declines.
Value and Volume Toppers
Container Corporation Of India topped the value chart on the BSE with a turnover of Rs. 333.33 million. It was followed by State Bank Of India (Rs. 201.38 million), United Spirits (Rs. 197.27 million) and Jubilant FoodWorks (Rs. 194.49 million).
The volume chart was led by Suzlon Energy with trades of over 2.57 million shares. It was followed by Manappuram Finance (2.25 million), Birla Cotsyn (India) (1.73 million) and Cals Refineries (1.20 million).
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