Budget non-event; Nifty holds 5,800 mark
By IRIS
28th February 2013 02:18 PM
Union Budget was a non event formarkets. Nifty is still holding the 5,800 mark. Consumer durables stocks gained the most followed by FMCG, realty and IT.
At 12.59 p.m., the Sensex was trading up 49.01 points or 0.26% at 19,201.42 with 21 components gaining. Meanwhile, the Nifty was trading higher by 8.75 points or 0.15% at 5,805.65 with 31 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
H D F C Bank contributed rise of 22.65 points in the Sensex. It was followed by I T C (18.53 points), Tata Consultancy Services (16.12 points), Bharti Airtel (6.15 points) and Infosys (4.67 points).
However, I C I C I Bank contributed fall of 26.34 points in the Sensex. It was followed by State Bank Of India (11.79 points), Maruti Suzuki India (2.97 points), Reliance Industries (2.59 points) and Mahindra & Mahindra (1.78 points).
Biggest gainers in the 30-share index were Coal India (2.76%), Tata Consultancy Services (1.61%), H D F C Bank (1.55%), Wipro (1.28%), Bharti Airtel (1.28%), and Tata Steel (1.21%).
On the other hand, I C I C I Bank (1.79%), State Bank Of India (1.71%), Maruti Suzuki India (1.22%), Hindalco Industries (0.73%), Jindal Steel & Power (0.64%), and Dr Reddy's Laboratories (0.57%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap index was at 6456.62 down by 5.11 points or by 0.08%. The major losers were A B G Shipyard (2.45%), A I A Engineering (2%), CORE Education and Technologies (1.74%), Allahabad Bank (0.28%) and Andhra Bank (0.26%).
Sectors in Limelight
The Consumer Durables index was at 7,297.16, up by 185.66 points or by 2.61%. The major gainers were Rajesh Exports (2.65%), Whirlpool Of India (1.99%), Gitanjali Gems (1.79%), Bajaj Electricals (0.5%) and Blue Star (0.17%).
The IPO index was at 1,686.13, up by 18.11 points or by 1.09%. The major gainers were Bharti Infratel (3.95%), Birla Pacific Medspa (2%), Flexituff International (1.79%), L&T Finance Holdings (1.53%) and Credit Analysis and Research (1.33%).
The Realty index was at 2,087.29, up by 20.77 points or by 1.01%. The major gainers were Sobha Developers (4.92%), Anant Raj (4.02%), D L F (2.16%), Unitech (0.68%) and Indiabulls Real Estate (0.31%).
On the other hand, the Bankex index was at 13,646.53, down by 49.16 points or by 0.36%. The major losers were Federal Bank (2.36%), I C I C I Bank (1.79%), Canara Bank (0.56%), Bank Of India (0.24%) and Bank Of Baroda (0.05%).
Market Breadth
Market breadth was negative with 1,255 advances against 1,280 declines.
Value and Volume Toppers
Apollo Hospitals Enterprise topped the value chart on the BSE with a turnover of Rs. 4,455.19 million. It was followed by Suzlon Energy (Rs. 2,988.77 million), Strides Arcolab (Rs. 1,105.88 million) and State Bank Of India (Rs. 779.32 million).
The volume chart was led by Suzlon Energy with trades of over 128.00 million shares. It was followed by Apollo Hospitals Enterprise (5.41 million), Cals Refineries (4.99 million) and CORE Education and Technologies (4.26 million).
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