Indian equities continues to trade higher in noon session on Wednesdayafter thereleased of Economic Survey. BSE Midcap and Smallcap index underperform the benchmark indices.Capital goods, FMCG and oil & gasgained ground.Indian economy will likely to grow at 6.1 to 6.7% during financial year 2013-2014, according to Economic Survey released today. Inflation is expected to go down to 6.2 to 6.6% by this March end.
At 12.13 pm, the Sensex was trading up 75.99 points or 0.40% at 19,091.13 with 19 components gaining. Meanwhile, the Nifty was trading higher by 17.40 points or 0.30% at 5,778.75 with 27 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
Reliance Industries contributed rise of
23.94 points in the Sensex. It was followed by I C I C I Bank
(23.41 points), Larsen & Toubro (13.99 points), Bharti Airtel
(13.7 points) and I T C (12.9 points).
However, Infosys contributed fall of 24.74 points in the Sensex. It was followed by Tata Motors (11.6 points), H D F C Bank (10.2 points), Tata Consultancy Services (7.51 points) and Grasim Industries (2.76 points).
Biggest gainers in the 30-share index were Bharti Airtel (2.86%), I C I C I Bank (1.60%), Oil & Natural Gas Corporation (1.58%), Bharat Heavy Electricals (1.56%), Larsen & Toubro (1.51%), and Bajaj Auto (1.37%).
On the other hand, G A I L (India) (2.02%), Tata Motors (1.80%), Infosys (1.54%), Hero Motocorp (0.90%), Tata Consultancy Services (0.76%), and H D F C Bank (0.70%) were the major losers in the Sensex.
Sectors in Limelight
The Capital Goods index was at 9,404.73, up by 122.01 points or by 1.31%. The major gainers were A I A Engineering (2.21%), Crompton Greaves (2.1%), Bharat Heavy Electricals (1.56%), A B B (0.25%) and Bharat Electronics (0.12%).
The Oil & Gas index was at 8,785.42, up by 95.44 points or by 1.10%. The major gainers were Indian Oil Corporation (2.46%), Oil India (2.17%), Hindustan Petroleum Corporation (0.55%), Castrol India (0.55%) and Bharat Petroleum Corporation (0.03%).
The FMCG index was at 5,670.06, up by 41.75 points or by 0.74%. The major gainers were Godrej Consumer Products (1.34%), Hindustan Unilever (1.03%), I T C (0.69%), Dabur India (0.43%) and Colgate-Palmolive (India) (0.22%).
On the other hand, the IPO index was at 1,660.42, down by 20.24 points or by 1.2%. The major losers were Aanjaneya Lifecare (9.99%), Flexituff International (8.83%), Birla Pacific Medspa (1.35%), Acropetal Technologies (1.17%) and Bharti Infratel (1.09%).
Market Breadth
Market breadth was negative with 1,044 advances against 1,414 declines.
Value and Volume Toppers
Magma Fincorp topped the value chart on the BSE with a turnover of Rs. 593.41 million. It was followed by CORE Education and Technologies (Rs. 450.13 million), Jet Airways (India) (Rs. 302.39 million) and State Bank Of India (Rs. 222.62 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 (6.80 million), Suzlon Energy (5.87 million) and Housing Development and Infrastructure (3.43 million).
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