Indian markets gained momentum in the post noon trade today after the finance ministry issued clarification onFII taxation.Consumer durables, capital goods and auto stocks led the up move. The ministryclarified nothing new introduced in FY14 which was not there in FY13. There is no intention of I-T officials to question TRC-holders.
At 2.31 pm, the Sensex was trading up 66.92 points or 0.35% at 18,928.46 with 16 components gaining. Meanwhile, the Nifty was trading higher by 31.65 points or 0.56% at 5,724.70 with 29 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.
Sensex Movers
Housing Development Finance Corporation
contributed rise of 36.41 points in the Sensex. It was followed by
Larsen & Toubro (22.87 points), I C I C I Bank (20.51 points),
Maruti Suzuki India (13.33 points) and Hindustan Unilever (10.36
points).
However, I T C contributed fall of 32.12 points in the Sensex. It was followed by H D F C Bank (11.76 points), Bharti Airtel (8.81 points), Tata Consultancy Services (8.74 points) and Reliance Industries (6.63 points).
Major gainers in the 30-share index were Maruti Suzuki India (5.55%), Jindal Steel & Power (2.91%), Bajaj Auto (2.69%), Tata Power Company (2.64%), Housing Development Finance Corporation (2.56%), and Larsen & Toubro (2.50%).
On the other hand, Bharti Airtel (1.85%), Tata Steel (1.80%), I T C (1.73%), Hero Motocorp (1.37%), Dr Reddy"S Laboratories (1.16%), and Sterlite Industries (India) (0.91%) were the major losers in the Sensex.
Sectors in Limelight
The Consumer Durables index was at 7,379.07, up by 206.96 points or by 2.89%. The major gainers were Bajaj Electricals (3.58%), Rajesh Exports (1.3%), Gitanjali Gems (1.2%), Whirlpool Of India (0.25%) and Symphony (0.05%).
The Capital Goods index was at 9,360.03, up by 175.53 points or by 1.91%. The major gainers were Crompton Greaves (3.8%), Bharat Electronics (3.19%), Punj Lloyd (2.83%), Larsen & Toubro (2.5%) and A B B (0.35%).
The Auto index was at 10,631.01, up by 172.40 points or by 1.65%. The major gainers were Ashok Leyland (3.15%), Cummins India (2.73%), Bajaj Auto (2.69%), Exide Industries (2.16%) and Bharat Forge (1.33%).
On the other hand, the Realty index was at 1,959.28, down by 51.07 points or by 2.54%. The major losers were D L F (5.76%), Phoenix Mills (3.51%), Oberoi Realty (2.26%), Anant Raj (0.72%) and Godrej Properties (0.36%).
Market Breadth
Market breadth was negative with 1,340 advances against 1,425 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 818.80 million. It was followed by United Spirits (Rs. 713.72 million), CORE Education and Technologies (Rs. 577.28 million) and Strides Arcolab (Rs. 436.36 million).
The volume chart was led by Suzlon Energy with trades of over 16.91 million shares. It was followed by CORE Education and Technologies (9.08 million), I F C I (3.37 million) and Housing Development and Infrastructure (3.32 million).
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