Sensex continues to trade higher; TCS, BHEL, L&T rise
08th February 2013 12:18 PM
Indian markets continue to trade higher in late morning trade on Friday.At 11.31 am, the Sensex was trading up 48.49 points or 0.25% at 19,628.81 with 16 components gaining. Meanwhile, the Nifty was trading higher by 7.35 points or 0.12% at 5,946.15 with 23 components gaining.
The 30-share benchmark index, BSE Sensex opened flat with a decline of 3.13 points or 0.02% at 19,577.19, while the broad based NSE Nifty started with a fall of 9.70 points or 0.16%, at 5,929.10.
Tata Consultancy Services contributed rise of 20.28 points in the Sensex. It was followed by H D F C Bank (15.66 points), Larsen & Toubro (13.62 points), Housing Development Finance Corporation (9.05 points) and Tata Motors (6.87 points).
However, Reliance Industries contributed fall of 9.7 points in the Sensex. It was followed by Hindustan Unilever (6.81 points), I C I C I Bank (5.86 points), Sterlite Industries (India) (3.22 points) and ACC (2.77 points).
Biggest gainers in the 30-share index were Tata Consultancy Services (2.20%), Bharat Heavy Electricals (1.41%), Larsen & Toubro (1.37%), H D F C Bank (1.11%), Bajaj Auto (1.09%), and Tata Motors (1.09%).
On the other hand, Coal India (2.67%), Cipla (2.49%), Sterlite Industries (India) (1.63%), Hindustan Unilever (1.16%), Maruti Suzuki India (1.00%), and Hindalco Industries (0.71%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.29% and -0.30% respectively.The major losers in the BSE Midcap were A I A Engineering (1.81%), A B G Shipyard (1.47%), Aban Offshore (1.35%), Alstom India (0.39%) and CORE Education and Technologies (0.28%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (4.44%), Adhunik Metaliks (3.97%), Styrolution ABS (India) (1.85%), Aanjaneya Lifecare (1.7%) and Action Construction Equipment (1.45%).
Sectors in Limelight
The Metal index was at 10,158.25, down by 82.45 points or by 0.81%. The major losers were Coal India (2.67%), Hindustan Zinc (1.2%), Hindalco Industries (0.71%), Bhushan Steel (0.42%) and NMDC (0.33%).
The HC index was at 7,919.43, down by 39.65 points or by 0.5%. The major losers were Cipla (2.49%), Aurobindo Pharma (0.54%), Glenmark Pharmaceutical (0.37%), Dr Reddy"S Laboratories (0.34%) and Apollo Hospitals Enterprise (0.28%).
The PSU index was at 7,319.31, down by 33.98 points or by 0.46%. The major losers were Bank Of Maharashtra(0.71%), Bank Of Baroda (0.53%), Allahabad Bank (0.27%), Bank Of India (0.25%) and Balmer Lawrie & Company (0.09%).
On the other hand, the IT index was at 6,482.53, up by 60.68 points or by 0.94%. The major gainers were Hexaware Technologies (1.36%), Oracle Financial Services Software (0.51%), H C L Technologies (0.47%), Infosys (0.36%) and Mphasis (0.21%).
Market breadth was negative with 994 advances against 1,297 declines.
Value and Volume Toppers
Indiabulls Financial Services topped the value chart on the BSE with a turnover of Rs. 5,026.62 million. It was followed by NTPC (Rs. 361.99 million), Strides Arcolab (Rs. 251.78 million) and State Bank Of India (Rs. 217.83 million).
The volume chart was led by Indiabulls Financial Services with trades of over 17.64 million shares. It was followed by Suzlon Energy (3.83 million), Kingfisher Airlines (2.77 million) and NTPC (2.42 million).
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