Sensex trades up 53 points; Bharti, ITC, BHEL lead

27th February 2013 12:18 PM

Indian equities continueto bein the positive terrain in the late morning trade on Wednesday. BSE Midcap and Smallcap index underperform the benchmark indices. FMCG and capital goods witnessed buying interest.

At 11.23 am, the Sensex was trading up 52.59 points or 0.28% at 19,067.73 with 16 components gaining. Meanwhile, the Nifty was trading higher by 11.70 points or 0.20% at 5,773.05 with 23 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 75.18 points or 0.40% at 19,090.32, while the broad based NSE Nifty started with a rise of 23.55 points or 0.41%, at 5,784.90.

Sensex Movers

I T C contributed rise of 34.16 points in the Sensex. It was followed by Reliance Industries (24.99 points), I C I C I Bank (16.36 points), Larsen & Toubro (14.28 points) and Bharti Airtel (13.68 points).

However, Infosys contributed fall of 24.49 points in the Sensex. It was followed by H D F C Bank (15.12 points), Tata Motors (11.81 points), Tata Consultancy Services (8.69 points) and Oil & Natural Gas Corporation (5.65 points).

Major gainers in the 30-share index were Bharti Airtel (2.86%), I T C (1.82%), Bharat Heavy Electricals (1.76%), Larsen & Toubro (1.55%), Reliance Industries (1.40%), and Cipla (1.33%).

On the other hand, G A I L (India) (2.15%), Tata Motors (1.83%), Infosys (1.52%), Dr Reddy"S Laboratories (1.47%), Hindalco Industries (1.18%), and H D F C Bank (1.04%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts declining -0.11% and -0.39% respectively.The major losers in the BSE Midcap were CORE Education and Technologies (39.25%), A B G Shipyard (10.28%), Aban Offshore (2.5%), Allahabad Bank (0.28%) and A I A Engineering (0.02%).The major losers in the BSE Smallcap were Aanjaneya Lifecare (9.99%), Action Construction Equipment (3.1%), A2Z Maintenance & Engineering Services (2.73%), Adhunik Metaliks (0.58%) and Aarti Industries (0.57%).

Sectors in Limelight

The Capital Goods index was at 9,408.21, up by 125.49 points or by 1.35%. The major gainers were Bharat Heavy Electricals (1.76%), Crompton Greaves (1.24%), F A G Bearings India (1.12%), Lakshmi Machine Works (0.69%) and Alstom India (0.38%).

The FMCG index was at 5,699.83, up by 71.52 points or by 1.27%. The major gainers were I T C (1.82%), Godrej Consumer Products (1.33%), Hindustan Unilever (0.88%), United Breweries (0.59%) and Dabur India (0.39%).

The Oil & Gas index was at 8,725.52, up by 35.54 points or by 0.41%. The major gainers were Oil India (1.7%), Indian Oil Corporation (1.58%), Reliance Industries (1.4%), Petronet LNG (0.42%) and Castrol India (0.32%).

On the other hand, the IPO index was at 1,657.44, down by 23.22 points or by 1.38%. The major losers were Aanjaneya Lifecare (9.99%), Flexituff International (7.58%), Birla Pacific Medspa (1.35%), Bharti Infratel (1.22%) and Acropetal Technologies (0.91%).

Market Breadth

Market breadth was negative with 924 advances against 1,367 declines.

Value and Volume Toppers

Magma Fincorp topped the value chart on the BSE with a turnover of Rs. 598.01 million. It was followed by CORE Education and Technologies (Rs. 412.90 million), Jet Airways (India) (Rs. 229.31 million) and Housing Development and Infrastructure (Rs. 189.76 million).

The volume chart was led by Magma Fincorp with trades of over 7.14 million shares. It was followed by CORE Education and Technologies (6.08 million), Suzlon Energy (5.24 million) and Housing Development and Infrastructure (3.03 million).

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