Indian equities continue to trade higher led by gains seen in oil & gas, healthcare andPSU stocks. However realty stocks lost ground. At 2.20 pm, the Sensex was trading up 68.72 points or 0.35% at 19,529.29 with 16 components gaining. Meanwhile, the Nifty was trading higher by 12.75 points or 0.22% at 5,910.60 with 23 components gaining.
Meanwhile, 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.
The November 2012 IIP figure has also been revised downwards to negative 0.8% from earlier estimate of 0.1% de-growth.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.
Sensex Movers
Oil & Natural Gas Corporation
contributed rise of 21.54 points in the Sensex. It was followed by
Reliance Industries (19.44 points), H D F C Bank (16.82 points),
Sun Pharmaceutical Industries (9.82 points) and Bharti Airtel (9.49
points).
However, Infosys contributed fall of 24.33 points in the Sensex. It was followed by Jaiprakash Associates (4.21 points), Tata Consultancy Services (3.8 points), Reliance Communications (3.06 points) and Sterlite Industries (India) (2.87 points).
Major gainers in the 30-share index were Oil & Natural Gas Corporation (2.72%), Sun Pharmaceutical Industries (2.70%), Bharti Airtel (1.88%), Coal India (1.67%), H D F C Bank (1.16%), and Tata Motors (1.10%).
On the other hand, Jindal Steel & Power (3.00%), Sterlite Industries (India) (1.60%), Infosys (1.52%), Hero Motocorp (0.85%), Tata Power Company (0.67%), and G A I L (India) (0.54%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.71% and -0.83% respectively.The major losers in the BSE Midcap were Allahabad Bank(1.72%), A B G Shipyard (1.59%), Aban Offshore (0.87%), CORE Education and Technologies (0.84%) and Alstom India (0.78%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (4.12%), Styrolution ABS (India) (3.06%), Aarti Industries (1.88%), Action Construction Equipment (0.93%) and Aanjaneya Lifecare (0.64%).
Sectors in Limelight
The Oil & Gas index was at 9,096.87, up by 96.72 points or by 1.07%. The major gainers were Oil & Natural Gas Corporation (2.72%), Hindustan Petroleum Corporation (1.35%), Indian Oil Corporation (0.77%), Bharat Petroleum Corporation (0.55%) and Cairn India (0.08%).
The HC index was at 8,003.42, up by 70.65 points or by 0.89%. The major gainers were Cadila Healthcare (1.28%), Divis Laboratories (1.22%), Dr Reddy"S Laboratories (0.68%), Apollo Hospitals Enterprise (0.39%) and Glaxo SmithKline Pharmaceuticals (0.19%).
The Realty index was at 2,076.80, down by 95.59 points or by 4.4%. The major losers were Housing Development and Infrastructure (3.6%), Anant Raj (3.51%), Indiabulls Real Estate (3.3%), D L F (2.14%) and Godrej Properties (0.83%).
Market Breadth
Market breadth was negative with 957 advances against 1,786 declines.
Value and Volume Toppers
Unitech topped the value chart on the BSE with a turnover of Rs. 844.99 million. It was followed by D B Realty (Rs. 498.35 million), State Bank Of India (Rs. 458.20 million) and Strides Arcolab (Rs. 422.66 million).
The volume chart was led by Unitech with trades of over 28.84 million shares. It was followed by Visesh Infotecnics (10.39 million), D B Realty (5.05 million) and Suzlon Energy (4.88 million).
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