Indian equities extended gains after the Economic Survey estimated that Indian economy will grow 6.1-6.7% during financial year 2013-2014. Capital goods, realty andoil & gasstocks led the advance.
At the close, the benchmark 30-share index, BSE Sensex added 137.27 pointsor 0.72% at 19,152.41 with 22 components posting rise. Meanwhile, the broad based NSE Nifty went up by 35.55 points or 0.62% at 5,796.90 with 33 components registering rise."Tomorrow shall be highly crucial and volatile day as Futures & Options rollover will be there along with the final Union Budget for 2013-14. Highlights from the budget shall be key triggers for market movement and will also impact sectoral specific movement," said Rakesh Goyal, senior vice president, Bonanza Portfolio.Sensex Movers
I T C contributed rise of 29.45 points in the Sensex. It was followed by Larsen & Toubro (29.25 points), I C I C I Bank (25.69 points), Oil & Natural Gas Corporation (23.48 points) and Bharti Airtel (15.83 points).
However, Infosys contributed fall of 25.25 points in the Sensex. It was followed by H D F C Bank (13.5 points), Tata Consultancy Services (7.5 points), Tata Motors (7.16 points) and Grasim Industries (3.25 points).
Biggest gainers in the 30-share index were Bharti Airtel (3.29%), Larsen & Toubro (3.16%), Mahindra & Mahindra (3.03%), Oil & Natural Gas Corporation (2.91%), Bajaj Auto (2.23%), and Bharat Heavy Electricals (2.15%).
On the other hand, G A I L (India) (1.72%), Infosys (1.56%), Hero Motocorp (1.14%), Tata Motors (1.11%), Coal India (1.08%), and H D F C Bank (0.92%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap and Smallcap index rose 0.74% and 0.20% respectively.
Sectors in Limelight
The Capital Goods index was at 9,506.29, up by 223.57 points or by 2.41%. The major gainers were A B B (2.56%), A I A Engineering (2.36%), Bharat Heavy Electricals (2.15%), Bharat Electronics (0.54%) and Alstom India (0.17%).
The Realty index was at 2,066.52, up by 42.95 points or by 2.12%. The major gainers were D L F (3.04%), Anant Raj (2.42%), Indiabulls Real Estate (1.81%), Housing Development and Infrastructure (1.34%) and Oberoi Realty (0.3%).
The Oil & Gas index was at 8,792.03, up by 102.05 points or by 1.17%. The major gainers were Indian Oil Corporation (4.14%), Oil India (1.27%), Bharat Petroleum Corporation (0.99%), Hindustan Petroleum Corporation (0.98%) and Castrol India (0.3%).
On the other hand, the IT index was at 6,722.55, down by 65 points or by 0.96%. The major losers were Infosys (1.56%), H C L Technologies (0.75%), Tata Consultancy Services (0.75%), Oracle Financial Services Software (0.55%) and Mahindra Satyam (0.38%).
Market Breadth
Market breadth was negative with 1,477 advances against 1,392 declines.
Value and Volume Toppers
Jet Airways (India) topped the value chart on the BSE with a turnover of Rs. 1,633.14 million. It was followed by CORE Education and Technologies (Rs. 691.79 million), State Bank Of India (Rs. 524.46 million) and A B G Shipyard (Rs. 385.96 million).
The volume chart was led by Suzlon Energy with trades of over 14.31 million shares. It was followed by CORE Education and Technologies (11.47 million), Spicejet (7.77 million) and Housing Development and Infrastructure (5.74 million).
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