Sensex extends gains; rate-sensitives lead

05th March 2013 01:18 PM

Indian equities extended gains on Tuesday on broadbased buying seen across board. Oil & gas, auto and realty stocks led the advance.At 12.04 p.m., the Sensex was trading up 199.57 points or 1.06% at 19,077.53 with 25 components gaining. Meanwhile, the Nifty was trading higher by 60.70 points or 1.07% at 5,759.20 with 43 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

Reliance Industries contributed rise of 43.65 points in the Sensex. It was followed by I C I C I Bank (40.72 points), Tata Motors (23.5 points), Tata Consultancy Services (14.43 points) and Infosys (13.93 points).

However, Tata Steel contributed fall of 9.31 points in the Sensex. It was followed by I T C (6.18 points), Bharti Airtel (3.11 points), NTPC (2.36 points) and ACC (0.32 points).

Major gainers in the 30-share index were Tata Motors (3.62%), Maruti Suzuki India (3.01%), I C I C I Bank (2.82%), Reliance Industries (2.55%), Wipro (2.34%), and Jindal Steel & Power (1.95%).

On the other hand, Tata Steel (3.39%), Bajaj Auto (0.96%), NTPC (0.80%), Bharti Airtel (0.63%), and I T C (0.32%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.93% and 0.37% respectively.The major gainers in the BSE Midcap were Alstom India (2.38%), Allahabad Bank (2.05%), Aban Offshore (1.87%), A B G Shipyard (0.93%) and A I A Engineering (0.16%).The major gainers in the BSE Smallcap were Trident (2.64%), Action Construction Equipment (2.47%), Styrolution ABS (India) (1.56%), Aarti Industries (1.07%) and Reliance MediaWorks (1.02%).

Sectors in Limelight

The Oil & Gas index was at 8,765.24, up by 138.67 points or by 1.61%. The major gainers were G A I L (India) (1.73%), Cairn India (1.13%), Bharat Petroleum Corporation (0.51%), Hindustan Petroleum Corporation (0.49%) and Castrol India (0.3%).

The Auto index was at 10,701.89, up by 168.92 points or by 1.60%. The major gainers were Ashok Leyland (2.22%), Bharat Forge (1.21%), Mahindra & Mahindra (1.03%), Hero Motocorp (0.45%) and Cummins India (0.27%).

The Realty index was at 1,915.54, up by 27.59 points or by 1.46%. The major gainers were Oberoi Realty (2.16%), Indiabulls Real Estate (1.99%), D L F (1.89%), Housing Development and Infrastructure (1.79%) and Godrej Properties (1.02%).

The IT index was at 6,841.53, up by 88.15 points or by 1.31%. The major gainers were H C L Technologies (3.39%), Mphasis (1.89%), Oracle Financial Services Software (1.1%), Infosys (0.83%) and Hexaware Technologies (0.59%).

Market Breadth

Market breadth was positive with 1,400 advances against 1,071 declines.

Value and Volume Toppers

Adani Power topped the value chart on the BSE with a turnover of Rs. 352.09 million. It was followed by State Bank Of India (Rs. 321.17 million), Mahindra & Mahindra (Rs. 260.41 million) and Ashok Leyland (Rs. 233.90 million).

The volume chart was led by Ashok Leyland with trades of over 10.17 million shares. It was followed by NHPC (8.95 million), Adani Power (7.76 million) and Suzlon Energy (2.08 million).

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