Sensex continues to trade higher; mid and small-caps outperform

06th March 2013 12:18 PM

Indian equities continues to trade higher inWednesdaytracking rally in global markets. Persistent buying was seen in realty, capital goods and metal stocks. BSE Midcap and Smallcap outperformed their larger counterparts.

At 12.01 pm, the Sensex was trading up 128.77 points or 0.67% at 19,271.94 with 21 components gaining. Meanwhile, the Nifty was trading higher by 38.15 points or 0.66% at 5,822.40 with 34 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 111.03 points or 0.58% at 19,254.20, while the broad based NSE Nifty started with a rise of 32.15 points or 0.56%, at 5,816.40.

Sensex Movers

Larsen & Toubro contributed rise of 28.12 points in the Sensex. It was followed by Infosys (25.08 points), I C I C I Bank (15.09 points), Reliance Industries (14 points) and Tata Motors (13.08 points).

However, I T C contributed fall of 10.2 points in the Sensex. It was followed by Hindustan Unilever (5.21 points), Mahindra & Mahindra (4.2 points), Bharti Airtel (2.85 points) and Housing Development Finance Corporation (2.78 points).

Major gainers in the 30-share index were Sterlite Industries (India) (3.70%), Larsen & Toubro (3.03%), Hindalco Industries (2.38%), Tata Motors (2.00%), Wipro (1.84%), and Bharat Heavy Electricals (1.69%).

On the other hand, Hindustan Unilever (0.89%), Mahindra & Mahindra (0.86%), G A I L (India) (0.85%), Bharti Airtel (0.57%), I T C (0.53%), and Dr Reddy"S Laboratories (0.28%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 1.50% and 1.50% respectively. The major gainers in the BSE Midcap were Alstom India (3.03%), Aban Offshore (2.82%), Allahabad Bank (2.64%), A I A Engineering (1.88%) and A B G Shipyard (0.74%).The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (4.71%), Action Construction Equipment (4.6%), Styrolution ABS (India) (0.64%), Trident (0.62%) and Aarti Industries (0.52%).

Sectors in Limelight

The Realty index was at 2,047.75, up by 100.72 points or by 5.17%. The major gainers were Housing Development and Infrastructure (12.56%), Indiabulls Real Estate (7.21%), Anant Raj (6.94%), D L F (4.14%) and Godrej Properties (1.64%).

The Capital Goods index was at 9,537.47, up by 241.68 points or by 2.60%. The major gainers were Alstom India (3.03%), A I A Engineering (1.88%), BEML (1.83%), A B B (0.34%) and Bharat Electronics (0.33%).

The Metal index was at 9,333.88, up by 205.29 points or by 2.25%. The major gainers were Hindustan Zinc (3.26%), Hindalco Industries (2.38%), Jindal Steel & Power (0.71%), Bhushan Steel (0.67%) and Coal India (0.66%).

On the other hand, the FMCG index was at 5,666.97, down by 12.27 points or by 0.22%. The major losers were Hindustan Unilever (0.89%), I T C (0.53%) and Dabur India (0.26%).

Market Breadth

Market breadth was positive with 1,575 advances against 845 declines.

Value and Volume Toppers

Housing Development and Infrastructure topped the value chart on the BSE with a turnover of Rs. 375.16 million. It was followed by M M T C (Rs. 293.68 million), United Spirits (Rs. 262.17 million) and Astrazeneca Pharma India (Rs. 249.94 million).

The volume chart was led by Housing Development and Infrastructure with trades of over 5.51 million shares. It was followed by NHPC (4.69 million), Spicejet (3.42 million) and Shree Ashtavinayak Cine Vision (2.96 million).

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