Sensex trades slightly higher; Reliance climbs 3%

Indian marketsare trading higher marginallytowards closing on Wednesday led by gains seen in oil & gas and realty stocks. However, consumer durables fell the most.

At 2.17 pm, the Sensex was trading up 22.25 points or 0.11% at 19,657.97 with 11 components gaining. Meanwhile, the Nifty was trading higher by 7.75 points or 0.13% at 5,947.45 with 20 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 82.22 points or 0.42% at 19,717.94, while the broad based NSE Nifty started with a rise of 26.60 points or 0.45%, at 5,966.30.

Sensex Movers

Reliance Industries contributed rise of 54.1 points in the Sensex. It was followed by H D F C Bank (7.68 points), Tata Consultancy Services (7.17 points), D L F (4.31 points) and Hero Motocorp (2.42 points).

However, I T C contributed fall of 10.13 points in the Sensex. It was followed by I C I C I Bank (9.93 points), Housing Development Finance Corporation (9.46 points), Tata Motors (8.14 points) and Hindustan Unilever (5.21 points).

Biggest gainers in the 30-share index were Reliance Industries (3.03%), Hero Motocorp (1.22%), Coal India (1.00%), G A I L (India) (0.94%), Tata Consultancy Services (0.71%), and H D F C Bank (0.50%).

On the other hand, Tata Motors (1.19%), Jindal Steel & Power (1.12%), Cipla (1.02%), Hindustan Unilever (0.88%), Sterlite Industries (India) (0.78%), and I C I C I Bank (0.65%) were the major losers in the Sensex.

Sectors in Limelight

The Consumer Durables index was at 7,165.35, down by 78.77 points or by 1.09%. The major losers were Rajesh Exports (2.5%), Titan Industries (1.59%), Symphony (0.69%), Gitanjali Gems (0.2%) and Bajaj Electricals (0.03%).

The FMCG index was at 5,834.14, down by 31.3 points or by 0.53%. The major losers were United Breweries (1.66%), Hindustan Unilever (0.88%), I T C (0.51%), Dabur India (0.19%) and Godrej Consumer Products (0.09%).

The Metal index was at 9,950.74, down by 42.51 points or by 0.43%. The major losers were NMDC (1.18%), Jindal Steel & Power (1.12%), Sesa Goa (0.73%), Hindalco Industries (0.49%) and JSW Steel (0.35%).

On the other hand, the Oil & Gas index was at 9,157.80, up by 140.95 points or by 1.56%. The major gainers were Bharat Petroleum Corporation (2.96%), Hindustan Petroleum Corporation (2.09%), Indian Oil Corporation (1.11%), G A I L (India) (0.94%) and Castrol India (0.55%).

Market Breadth

Market breadth was positive with 1,476 advances against 1,265 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 485.92 million. It was followed by D L F (Rs. 407.90 million), United Spirits (Rs. 342.79 million) and Unitech (Rs. 313.31 million).

The volume chart was led by Unitech with trades of over 10.22 million shares. It was followed by Sonata Software (7.21 million), Suzlon Energy (5.79 million) and TV18 Broadcast (2.83 million).