Sensex trades up 118 points ahead of Budget

28th February 2013 11:18 AM

Indian markets continued to rise on Thursdayahead ofUnion Budget. At 10.07 a.m, the Sensex was trading up 117.95 points or 0.62% at 19,270.36 with 24 components gaining. Meanwhile, the Nifty was trading higher by 30.70 points or 0.53% at 5,827.60 with 38 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 112.39 points or 0.59% at 19,264.80, while the broad based NSE Nifty started with a rise of 37.45 points or 0.65%, at 5,834.35.

Sensex Movers

Larsen & Toubro contributed rise of 17.59 points in the Sensex. It was followed by Oil & Natural Gas Corporation (13.67 points), H D F C Bank (11.42 points), Tata Motors (10.48 points) and Reliance Industries (10.08 points).

However, I T C contributed fall of 8.34 points in the Sensex. It was followed by Maruti Suzuki India (2.33 points), Housing Development Finance Corporation (0.37 points), Hindustan Unilever (0.25 points) and Grasim Industries (0 points).

Biggest gainers in the 30-share index were Coal India (2.62%), Tata Steel (2.27%), Larsen & Toubro (1.89%), Oil & Natural Gas Corporation (1.68%), Tata Motors (1.61%), and Bharti Airtel (1.54%).

On the other hand, Maruti Suzuki India (0.95%), Dr Reddy'S Laboratories (0.45%), I T C (0.44%), G A I L (India) (0.37%), Hindustan Unilever (0.04%), and Housing Development Finance Corporation (0.03%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.39% and 0.45% respectively.The major gainers in the BSE Midcap were CORE Education and Technologies (7.79%), Allcargo Logistics (1.24%), Alstom India (0.96%), Allahabad Bank (0.41%) and Aban Offshore (0.16%).The major gainers in the BSE Smallcap were Trident (3.95%), Adhunik Metaliks (2.04%), Styrolution ABS (India) (1.28%), Action Construction Equipment (1.2%) and A2Z Maintenance & Engineering Services (0.52%).

Sectors in Limelight

The Capital Goods index was at 9,638.41, up by 132.12 points or by 1.39%. The major gainers were Crompton Greaves (1%), Alstom India (0.96%), Bharat Heavy Electricals (0.9%), BEML (0.87%) and A B B (0.58%).

The Realty index was at 2,093.80, up by 27.28 points or by 1.32%. The major gainers were Anant Raj (3.94%), Godrej Properties (2.39%), D L F (1.5%), Housing Development and Infrastructure (1.25%) and Indiabulls Real Estate (0.54%).

On the other hand, the Consumer Durables index was at 7,095.90, down by 15.6 points or by 0.22%. The major losers were Titan Industries (0.65%), T T K Prestige (0.44%), Gitanjali Gems (0.07%) and Symphony (0.01%).

Market Breadth

Market breadth was positive with 1,120 advances against 710 declines.

Value and Volume Toppers

Apollo Hospitals Enterprise topped the value chart on the BSE with a turnover of Rs. 4,446.36 million. It was followed by Strides Arcolab (Rs. 709.57 million), Jet Airways (India) (Rs. 382.07 million) and CORE Education and Technologies (Rs. 150.47 million).

The volume chart was led by Apollo Hospitals Enterprise with trades of over 5.40 million shares. It was followed by Suzlon Energy (4.18 million), CORE Education and Technologies (2.31 million) and Kingfisher Airlines (1.40 million).

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