Indian markets settled higher for the secondconsecutive dayon Wednesday led by IT stocks. However, mid and small-cap stocks witnessed a selloff.At the close, the benchmark 30-share index, BSE Sensex gained 47.04 points or 0.24% at 19,608.08 with 13 components posting rise. Meanwhile, the broad based NSE Nifty went up by 10.45 pointsor 0.18% at 5,932.95 with 20 components posting rise.
Tata Motors climbed after key unit Jaguar Land Rover (JLR) reported a surge in monthly sales. TCSgained after an industry body forecast exports would grow in the next fiscal year.Sensex Movers
Housing Development Finance Corporation contributed rise of 26.41 points in the Sensex. It was followed by Infosys (20.27 points), I C I C I Bank (18.38 points), Tata Consultancy Services (15.68 points) and Tata Motors (13.54 points).
However, State Bank Of India contributed fall of 13.33 points in the Sensex. It was followed by Hindustan Unilever (8.68 points), Larsen & Toubro (8.11 points), Tata Steel (6.81 points) and Tata Power Company (5.11 points).
Biggest gainers in the 30-share index were Tata Motors (2.11%), Housing Development Finance Corporation (1.79%), Mahindra & Mahindra (1.59%), Tata Consultancy Services (1.58%), Infosys (1.26%), and I C I C I Bank (1.19%).
On the other hand, Sterlite Industries (India) (2.79%), Bajaj Auto (2.75%), Tata Power Company (2.68%), Tata Steel (2.18%), G A I L (India) (1.96%), and State Bank Of India (1.83%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts declining -0.28% and -0.46% respectively.The major losers in the BSE Midcap were Allahabad Bank(4.18%), Allcargo Logistics (1.12%), Amtek Auto (0.95%), Amtek India (0.41%) and CORE Education and Technologies (0.27%).The major losers in the BSE Smallcap were Reliance MediaWorks (4.07%), Trident (1.8%), A2Z Maintenance & Engineering Services (0.69%), Styrolution ABS (India) (0.45%) and Action Construction Equipment (0.32%).
Sectors in Limelight
The Power index was at 1,840.31, down by 29.19 points or by 1.56%. The major losers were C E S C (4.57%), Reliance Infrastructure (3.14%), Bharat Heavy Electricals (1.53%), A B B (1.02%) and Adani Power (1%).
The Metal index was at 9,912.37, down by 125.15 points or by 1.25%. The major losers were Hindalco Industries (1.82%), Hindustan Zinc (1.32%), Jindal Steel & Power (0.7%), JSW Steel (0.67%) and Bhushan Steel (0.28%).
The Realty index was at 2,062.26, down by 24.07 points or by 1.15%. The major losers were Indiabulls Real Estate (3.69%), D L F (3.36%), Housing Development and Infrastructure (2.64%) and Phoenix Mills (0.88%).
On the other hand, the IT index was at 6,497.79, up by 82.62 points or by 1.29%. The major gainers were H C L Technologies (4.3%), Mphasis (3.26%), Infosys (1.26%), Mahindra Satyam (1.16%) and Tech Mahindra (0.98%).
Market Breadth
Market breadth was negative with 1,237 advances against 1,656 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 1,025.03 million. It was followed by State Bank Of India (Rs. 971 million), Unitech (Rs. 645.52 million) and Karnataka Bank , The (Rs. 432.57 million).
The volume chart was led by Unitech with trades of over 22.45 million shares. It was followed by D B Realty (4.95 million), Kingfisher Airlines (4.79 million) and Suzlon Energy (4.01 million).
Post a Comment