Sensex extends gains on FY14 growth projection

27th February 2013 01:18 PM

Indian markets extended gains after theEconomicSurveyestimated that India's economy will grow 6.1-6.7% during financial year 2013-2014. Capital goods, oil & gas and ealty stocks led the advance.

At 12.55 p.m., the Sensex was trading up 138.89 points or 0.73% at 19,154.03 with 21 components gaining. Meanwhile, the Nifty was trading higher by 34.30 points or 0.60% at 5,795.65 with 30 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 C I C I Bank contributed rise of 27.21 points in the Sensex. It was followed by Larsen & Toubro (26.24 points), Reliance Industries (24.56 points), I T C (22.98 points) and Oil & Natural Gas Corporation (22.43 points).

However, Infosys contributed fall of 23.21 points in the Sensex. It was followed by H D F C Bank (12.49 points), Tata Motors (8.95 points), Tata Consultancy Services (7.53 points) and Grasim Industries (2.8 points).

Major gainers in the 30-share index were Bharti Airtel (2.91%), Larsen & Toubro (2.83%), Oil & Natural Gas Corporation (2.78%), Mahindra & Mahindra (2.17%), Bajaj Auto (2.01%), and I C I C I Bank (1.85%).

On the other hand, G A I L (India) (1.63%), Infosys (1.44%), Tata Motors (1.38%), Hero Motocorp (0.90%), H D F C Bank (0.86%), and Tata Consultancy Services (0.76%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Smallcap index was at 6308.15 down by 10.21 points or by 0.16%. The major losers were Aanjaneya Lifecare (9.99%), A2Z Maintenance & Engineering Services (3.07%), Reliance MediaWorks (2.79%), Trident (2.2%) and Adhunik Metaliks (1.59%).

Sectors in Limelight

The Capital Goods index was at 9,477.60, up by 194.88 points or by 2.10%. The major gainers were Bharat Heavy Electricals (1.76%), Bharat Electronics (0.81%), A I A Engineering (0.48%), Alstom India (0.41%) and A B B (0.07%).

The Oil & Gas index was at 8,813.96, up by 123.98 points or by 1.43%. The major gainers were Oil & Natural Gas Corporation (2.78%), Indian Oil Corporation (2.19%), Oil India (2.17%), Castrol India (0.61%) and Hindustan Petroleum Corporation (0.47%).

The Realty index was at 2,049.27, up by 25.70 points or by 1.27%. The major gainers were D L F (1.95%), Anant Raj (1.61%), Parsvnath Developers (0.94%), Indiabulls Real Estate (0.79%) and Oberoi Realty (0.51%).

On the other hand, the IT index was at 6,735.01, down by 52.54 points or by 0.77%. The major losers were Infosys (1.44%), H C L Technologies (1.07%), Tata Consultancy Services (0.76%) and Financial Technologies (India) (0.7%).

Market Breadth

Market breadth was negative with 1,162 advances against 1,399 declines.

Value and Volume Toppers

CORE Education and Technologies topped the value chart on the BSE with a turnover of Rs. 470.61 million. It was followed by Jet Airways (India) (Rs. 402.83 million), State Bank Of India (Rs. 281.88 million) and Larsen & Toubro (Rs. 239.29 million).

The volume chart was led by CORE Education and Technologies with trades of over 7.27 million shares. It was followed by Suzlon Energy (6.59 million), Housing Development and Infrastructure (3.79 million) and I F C I (2.20 million).

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