Sensex jumps over 240 points above 19,100

Indian equities gained further momentumin the post noon trade onrelentless buying seen acrossall counters. Rate sensitives led the rally on rate cut hopes later this month.

At 2.18 pm, the Sensex was trading up 243.03 points or 1.29% at 19,120.99 with 24 components gaining. Meanwhile, the Nifty was trading higher by 77.85 points or 1.37% at 5,776.35 with 42 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 46.98 points in the Sensex. It was followed by Reliance Industries (36.48 points), Tata Motors (24 points), Tata Consultancy Services (17.55 points) and Larsen & Toubro (17.52 points).

However, I T C contributed fall of 6.84 points in the Sensex. It was followed by Tata Steel (6.49 points), NTPC (2.95 points), Bharat Heavy Electricals (1.07 points) and Bharti Airtel (0.08 points).

Biggest gainers in the 30-share index were Sterlite Industries (India) (4.08%), Hindalco Industries (3.86%), Tata Motors (3.69%), I C I C I Bank (3.24%), Wipro (3.03%), and Maruti Suzuki India (2.80%).

On the other hand, Tata Steel (2.36%), NTPC (1.00%), Bajaj Auto (0.75%), Bharat Heavy Electricals (0.53%), I T C (0.36%), and Bharti Airtel (0.02%) were the major losers in the Sensex.

Sectors in Limelight

The Realty index was at 1,937.74, up by 49.79 points or by 2.64%. The major gainers were Indiabulls Real Estate (4.93%), Godrej Properties (3.44%), D L F (3.31%), Anant Raj (2.87%) and Housing Development and Infrastructure (2.65%).

The Metal index was at 9,090.43, up by 197.34 points or by 2.22%. The major gainers were Hindalco Industries (3.86%), Jindal Steel & Power (2.26%), JSW Steel (1.89%), Bhushan Steel (0.63%) and Coal India (0.43%).

The IPO index was at 1,654.98, up by 31.89 points or by 1.96%. The major gainers were Flexituff International (9.73%), Acropetal Technologies (6.86%), Future Ventures India (2.04%), Bharti Infratel (1.82%) and Credit Analysis and Research (1.57%).

On the other hand, the Consumer Durables index was at 7,207.73, down by 34.95 points or by 0.48%. The major losers were Bajaj Electricals (2.59%), Titan Industries (2.38%), Symphony (0.73%) and Whirlpool Of India (0.05%).

Market Breadth

Market breadth was positive with 1,554 advances against 1,186 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 626.26 million. It was followed by NHPC (Rs. 367.06 million), Adani Power (Rs. 355.75 million) and Mahindra & Mahindra (Rs. 285.68 million).

The volume chart was led by NHPC with trades of over 18.82 million shares. It was followed by Ashok Leyland (10.35 million), Adani Power (7.83 million) and Indian Infotech and Software (3.37 million).