Indian markets ended higher today after the finance ministry issued clarification on FII taxation. Consumer durables, capital goods and auto stocks led the up move. The ministry clarified nothing new introduced in FY14 which was not there in FY13. There is no intention of I-T officials to question TRC-holders.
At the close, the benchmark 30-share index, BSE Sensex added 56.98 points or 0.30% at 18,918.52 with 16 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 26.65 pointsor 0.47% at 5,719.70 with 27 components registering rise.Sensex Movers
Housing Development Finance Corporation contributed rise of 25.56 points in the Sensex. It was followed by Larsen & Toubro (23 points), I C I C I Bank (22.39 points), Maruti Suzuki India (11.96 points) and Hindustan Unilever (11.57 points).
However, I T C contributed fall of 26.44 points in the Sensex. It was followed by Bharti Airtel (18.49 points), Reliance Industries (11.18 points), Tata Consultancy Services (9.87 points) and H D F C Bank (9.33 points).
Major gainers in the 30-share index were Maruti Suzuki India (4.98%), Jindal Steel & Power (2.87%), Bajaj Auto (2.63%), Larsen & Toubro (2.51%), Cipla (2.40%), and Tata Power Company (2.22%).
On the other hand, Bharti Airtel (3.89%), Tata Steel (2.36%), Dr Reddy's Laboratories (1.44%), I T C (1.42%), Hero Motocorp (1.30%), and Tata Consultancy Services (1.00%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap settled higher18.17 points or 0.29% at 6,320.95; however the BSE Smallcap dropped 10.90 points or 0.18% at 6,195.32 at the closing.The major gainers in the BSE Midcap were CORE Education and Technologies (18.78%), Amara Raja Batteries (2.12%), A I A Engineering (0.93%), A B G Shipyard (0.63%) and Allcargo Logistics (0.31%).The major losers in the BSE Smallcap were Aanjaneya Lifecare (9.99%), Reliance MediaWorks (4.95%), Wagend Infra Venture (4.62%), A2Z Maintenance & Engineering Services (1.05%) and Aegis Logistics (0.78%).
Sectors in Limelight
The Consumer Durables index was at 7,401.46, up by 229.35 points or by 3.20%. The major gainers were Bajaj Electricals (5.8%), Titan Industries (5.11%), Gitanjali Gems (1.13%), Rajesh Exports (1.07%) and Symphony (0.46%).
The Capital Goods index was at 9,333.33, up by 148.83 points or by 1.62%. The major gainers were Crompton Greaves (3.64%), Bharat Electronics (2.93%), A I A Engineering (0.93%), A B B (0.55%) and F A G Bearings India (0.53%).
The Auto index was at 10,615.61, up by 157.00 points or by 1.50%. The major gainers were Ashok Leyland (4.5%), Cummins India (3.57%), Bajaj Auto (2.63%), Exide Industries (2.04%) and Bharat Forge (1.12%).
On the other hand, the Realty index was at 1,931.40, down by 78.95 points or by 3.93%. The major losers were D L F (6.25%), Housing Development and Infrastructure (2.81%), Oberoi Realty (2.26%), Anant Raj (0.88%) and Parsvnath Developers (0.69%).
Market Breadth
Market breadth was negative with 1,362 advances against 1,561 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,064.41 million. It was followed by United Spirits (Rs. 880.08 million), CORE Education and Technologies (Rs. 671.57 million) and Strides Arcolab (Rs. 536.48 million).
The volume chart was led by Suzlon Energy with trades of over 21.17 million shares. It was followed by CORE Education and Technologies (10.31 million), Unitech (5.52 million) and Housing Development and Infrastructure (5.25 million).
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