Indian equities settled higher on Tuesday led by gains seen in oil & gas, healthcare and PSU stocks. However realty stocks fell the most.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.
At the close, the benchmark 30-share index, BSE Sensex added 100.47 pointsor 0.52% at 19,561.04 with 17 components posting rise. Meanwhile, the broad based NSE Nifty went up by 24.65 or 0.42% at 5,922.50 with 28 components posting rise.Sensex Movers
Oil & Natural Gas Corporation contributed rise of 30.18 points in the Sensex. It was followed by H D F C Bank (20.17 points), Reliance Industries (17.07 points), Tata Motors (16.95 points) and Sun Pharmaceutical Industries (10.32 points).
However, Infosys contributed fall of 20.74 points in the Sensex. It was followed by Tata Consultancy Services (4.33 points), Sterlite Industries (India) (2.35 points), ACC (2.28 points) and Reliance Communications (1.96 points).
Biggest gainers in the 30-share index were Oil & Natural Gas Corporation (3.81%), Sun Pharmaceutical Industries (2.84%), Tata Motors (2.65%), Coal India (1.85%), Bharti Airtel (1.79%), and Bajaj Auto (1.51%).
On the other hand, Jindal Steel & Power (3.35%), Sterlite Industries (India) (1.31%), Infosys (1.29%), Tata Power Company (0.77%), Cipla (0.48%), and Tata Consultancy Services (0.44%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.31% and -0.51% respectively.The major losers in the BSE Midcap were A B G Shipyard (2.4%), Alstom India (1.07%), Aban Offshore (0.54%), CORE Education and Technologies (0.4%) and Allcargo Logistics (0.12%).The major losers in the BSE Smallcap were A2Z Maintenance & Engineering Services (3.32%), Styrolution ABS (India) (3.11%), Action Construction Equipment (2.47%), Aanjaneya Lifecare (1.42%) and Aarti Industries (0.61%).
Sectors in Limelight
The Oil & Gas index was at 9,137.27, up by 137.12 points or by 1.52%. The major gainers were Oil & Natural Gas Corporation (3.81%), Hindustan Petroleum Corporation (2.41%), Bharat Petroleum Corporation (2.11%), Indian Oil Corporation (1.52%) and Cairn India (0.55%).
The HC index was at 8,027.19, up by 94.42 points or by 1.19%. The major gainers were Cadila Healthcare (1.93%), Divis Laboratories (1.14%), Dr Reddy'S Laboratories (0.72%), Apollo Hospitals Enterprise (0.71%) and Biocon (0.35%).
The PSU index was at 7,381.25, up by 84.14 points or by 1.15%. The major gainers were Bank Of Maharashtra(2.18%), Balmer Lawrie & Company (1.85%), Bank Of Baroda (0.71%), Allahabad Bank (0.57%) and Bharat Electronics (0.1%).
On the other hand, the Realty index was at 2,086.33, down by 86.06 points or by 3.96%. The major losers were Indiabulls Real Estate (3.23%), Anant Raj (3.16%), Housing Development and Infrastructure (2.91%), D L F (1.46%) and Godrej Properties (1.18%).
Market Breadth
Market breadth was negative with 1,123 advances against 1,767 declines.
Value and Volume Toppers
Unitech topped the value chart on the BSE with a turnover of Rs. 966.86 million. It was followed by State Bank Of India (Rs. 682.39 million), D B Realty (Rs. 601.84 million) and M M T C (Rs. 524.01 million).
The volume chart was led by Unitech with trades of over 33.63 million shares. It was followed by Jaiprakash Associates (6.58 million), Suzlon Energy (6.38 million) and Birla Cotsyn (India) (6.20 million).
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