Sensex below 19,000; Tata Motors up over 3%

05th March 2013 12:18 PM

Indian markets continue to trade higher on Tuesday led by gains seen in IT, auto and realty stocks. However, PSU, capital goods and consumer durables stocks witnessed profit booking.

At 11.10 a.m., the Sensex was trading up 99.15 points or 0.53% at 18,977.11 with 16 components gaining. Meanwhile, the Nifty was trading higher by 29.50 points or 0.52% at 5,728 with 30 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 65.66 points or 0.35% at 18,943.62, while the broad based NSE Nifty started with a rise of 23.95 points or 0.42%, at 5,722.45.

Sensex Movers

I C I C I Bank contributed rise of 31.88 points in the Sensex. It was followed by Reliance Industries (28.98 points), Tata Motors (20.48 points), Infosys (15.07 points) and Tata Consultancy Services (14.32 points).

However, I T C contributed fall of 13.26 points in the Sensex. It was followed by Tata Steel (11.87 points), H D F C Bank (5.32 points), Bharti Airtel (4.64 points) and State Bank Of India (3.22 points).

Biggest gainers in the 30-share index were Tata Motors (3.17%), I C I C I Bank (2.22%), Maruti Suzuki India (1.93%), Reliance Industries (1.70%), Wipro (1.60%), and Tata Consultancy Services (1.38%).

On the other hand, Tata Steel (4.34%), Bajaj Auto (1.60%), Bharti Airtel (0.95%), I T C (0.70%), NTPC (0.67%), and State Bank Of India (0.49%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap and Smallcap index rose 0.61% and 0.2% respectively.

Sectors in Limelight

The IT index was at 6,829.51, up by 76.13 points or by 1.13%. The major gainers were H C L Technologies (3.1%), Mphasis (1.13%), Oracle Financial Services Software (0.91%), Infosys (0.9%) and Mahindra Satyam (0.2%).

The Auto index was at 10,643.40, up by 110.43 points or by 1.05%. The major gainers were Maruti Suzuki India (1.93%), Bharat Forge (1.09%), Ashok Leyland (0.89%), Mahindra & Mahindra (0.54%) and Exide Industries (0.04%).

The Realty index was at 1,903.96, up by 16.01 points or by 0.85%. The major gainers were Oberoi Realty (1.42%), D L F (1.42%), Indiabulls Real Estate (1.38%), Housing Development and Infrastructure (0.43%) and Godrej Properties (0.15%).

On the other hand, the Consumer Durables index was at 7,222.34, down by 20.34 points or by 0.28%. The major losers were Titan Industries (1.51%), Bajaj Electricals (1.06%) and Symphony (1.03%).

Market Breadth

Market breadth was positive with 1,257 advances against 1,018 declines.

Value and Volume Toppers

Adani Power topped the value chart on the BSE with a turnover of Rs. 348.98 million. It was followed by State Bank Of India (Rs. 201.57 million), United Spirits (Rs. 186.69 million) and NHPC (Rs. 136.90 million).

The volume chart was led by Sybly Industries with trades of over 10.01 million shares. It was followed by Adani Power (7.73 million), NHPC (6.98 million) and Suzlon Energy (1.77 million).

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