Sensex trades up 50 points; ONGC, Reliance lead
12th February 2013 02:18 PM
Indian markets are trading higher in the post noon trade on Tuesday led by some gains seen in oil & gas, healthcare and PSU stocks. However realty stocks lost ground. Meanwhile, December IIP data came in lower than expected. BSE Midcap and Smallcap index underperformed the benchmark indices. India's industrial production, as represented by the Index of Industrial Production (IIP), contracts 0.6% in December 2012 as against market expectations of 1.1% growth. IIP for the November showed a de-growth of 0.1%.
At 1.14 pm, the Sensex was trading up 50.29 points or 0.26% at 19,510.86 with 17 components gaining. Meanwhile, the Nifty was trading higher by 11.00 points or 0.19% at 5,908.85 with 26 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 29.30 points or 0.15% at 19,489.87, while the broad based NSE Nifty started with a fall of 3.50 points or 0.06%, at 5,894.35.
Oil & Natural Gas Corporation contributed rise of 19.47 points in the Sensex. It was followed by Reliance Industries (17.34 points), HDFC Bank (11.49 points), Bharti Airtel (8.76 points) and Sun Pharmaceutical Industries (8.12 points).
However, Infosys contributed fall of 23.36 points in the Sensex. It was followed by Jaiprakash Associates (3.77 points), Reliance Communications (3.25 points), Tata Consultancy Services (2.79 points) and D L F (2.36 points).
Biggest gainers in the 30-share index were Oil & Natural Gas Corporation (2.46%), Sun Pharmaceutical Industries (2.24%), Bharti Airtel (1.74%), Tata Motors (1.02%), Reliance Industries (0.96%), and Bajaj Auto (0.93%).
On the other hand, Jindal Steel & Power (3.02%), Infosys (1.46%), Sterlite Industries (India) (1.31%), Tata Power Company (0.87%), Hero Motocorp (0.54%), and G A I L (India) (0.49%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.59% and -0.75% respectively.The major losers in the BSE Midcap were Alstom India (1.55%), Allahabad Bank (1.14%), A B G Shipyard (1.07%), CORE Education and Technologies (0.84%) and Aban Offshore (0.76%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (3.06%), Styrolution ABS (India) (2.83%), Aarti Industries (1.33%), Aanjaneya Lifecare (1.22%) and Action Construction Equipment (0.62%).
Sectors in Limelight
The Oil & Gas index was at 9,094.23, up by 94.08 points or by 1.05%. The major gainers were Oil & Natural Gas Corporation (2.46%), Hindustan Petroleum Corporation (0.88%), Indian Oil Corporation (0.53%), Cairn India (0.3%) and Bharat Petroleum Corporation (0.11%).
The HC index was at 7,997.08, up by 64.31 points or by 0.81%. The major gainers were Cadila Healthcare (1.29%), Divis Laboratories (1.13%), Dr Reddy"S Laboratories (0.42%), Apollo Hospitals Enterprise (0.32%) and Biocon (0.19%).
The PSU index was at 7,337.51, up by 40.40 points or by 0.55%. The major gainers were Bank Of Maharashtra(2.81%), Balmer Lawrie & Company (0.8%), Bharat Heavy Electricals (0.29%), Bharat Petroleum Corporation (0.11%) and Bank Of Baroda (0.05%).
On the other hand, the Realty index was at 2,079.72, down by 92.67 points or by 4.27%. The major losers were Indiabulls Real Estate (3.84%), Housing Development and Infrastructure (3.67%), Anant Raj (2.89%), D L F (2.08%) and Godrej Properties (1.5%).
Market breadth was negative with 910 advances against 1,712 declines.
Value and Volume Toppers
Unitech topped the value chart on the BSE with a turnover of Rs. 734.52 million. It was followed by D B Realty (Rs. 410.07 million), State Bank Of India (Rs. 403.93 million) and Strides Arcolab (Rs. 383.63 million).
The volume chart was led by Unitech with trades of over 25.64 million shares. It was followed by Yantra Natural Resources (11.05 million), Suzlon Energy (4.26 million) and Housing Development and Infrastructure (4.05 million).
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