Sensex mildly higher; JSPL, Maruti, Tata Power surge
01st March 2013 12:18 PM
Indian equities continue to trade in the positive terrain on Fridayafter a massive plungeyesterday on disappointing Budget and FM's comment on GAAR. Capital goods, power and metal stocks gained ground.
At 11.54 am, the Sensex was trading up 40.09 points or 0.21% at 18,901.63 with 16 components gaining. Meanwhile, the Nifty was trading higher by 14.15 points or 0.25% at 5,707.20 with 24 components gaining.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 15.14 points or 0.08% at 18,876.68, while the broad based NSE Nifty started with a rise of 9.40 points or 0.17%, at 5,702.45.
I C I C I Bank contributed rise of 20.49 points in the Sensex. It was followed by Housing Development Finance Corporation (19.02 points), Larsen & Toubro (17.72 points), Oil & Natural Gas Corporation (8.02 points) and Maruti Suzuki India (7.43 points).
However, I T C contributed fall of 21.39 points in the Sensex. It was followed by Tata Consultancy Services (9.57 points), Reliance Industries (7.16 points), H D F C Bank (6.33 points) and D L F (5.21 points).
Major gainers in the 30-share index were Jindal Steel & Power (3.84%), Maruti Suzuki India (3.10%), Tata Power Company (2.54%), Larsen & Toubro (1.94%), I C I C I Bank (1.41%), and Wipro (1.39%).
On the other hand, Hero Motocorp (2.16%), Tata Steel (1.30%), Dr Reddy"S Laboratories (1.25%), NTPC (1.19%), Bharat Heavy Electricals (1.17%), and I T C (1.15%) were the major losers in the Sensex.
Sectors in Limelight
The Power index was at 1,765.56, up by 21.49 points or by 1.23%. The major gainers were Reliance Infrastructure (3.53%), Crompton Greaves (2.75%), Adani Power (1.46%), A B B (0.38%) and G M R Infrastructure (0.28%).
The Capital Goods index was at 9,296.17, up by 111.67 points or by 1.22%. The major gainers were Crompton Greaves (2.75%), Bharat Electronics (2.13%), A B B (0.38%), Lakshmi Machine Works (0.2%) and Alstom India (0.11%).
The Metal index was at 9,163.02, up by 95.07 points or by 1.05%. The major gainers were Jindal Steel & Power (3.84%), JSW Steel (1.78%), Hindustan Zinc (1.6%), NMDC (1.13%) and Coal India (0.93%).
On the other hand, the Realty index was at 1,961.00, down by 49.35 points or by 2.45%. The major losers were D L F (4.75%), Anant Raj (1.93%), Housing Development and Infrastructure (1.41%), Oberoi Realty (0.98%) and Parsvnath Developers (0.81%).
Market breadth was negative with 1,130 advances against 1,266 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 452.73 million. It was followed by United Spirits (Rs. 422.52 million), Strides Arcolab (Rs. 313.37 million) and CORE Education and Technologies (Rs. 295.09 million).
The volume chart was led by Suzlon Energy with trades of over 14.87 million shares. It was followed by CORE Education and Technologies (4.81 million), Sujana Towers (2.31 million) and I F C I (2.09 million).
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