Sensex ends over 100 points; Realty surges 4.6%
By IRIS
06th March 2013 05:18 PM
Indian equities ended higher on Wednesday tracking global markets led by gains seen in realty, capital goods and metal stocks. At the close, the benchmark 30-share index, BSE Sensex gained 109.44 pointsor 0.57% at 19,252.61 with 18 components posting rise. Meanwhile, the broad based NSE Nifty climbed by 34.35 points or 0.59% at 5,818.60 with 32 components registering rise.''In coming sessions, 5,825 shall be crucial deciding level in near term, and index is likely to witness further buying above this level. Above 5,825, likely target is 5,850-5,875, while below 5,780, likely support is 5,750-5,720,'' said Nidhi Sarswat, senior research analyst-Bonanza Portfolio.Sensex Movers
Larsen & Toubro contributed rise of 26.5 points in the Sensex. It was followed by Infosys (26.48 points), Tata Motors (18.84 points), Reliance Industries (17.75 points) and I C I C I Bank (16.74 points).
However, I T C contributed fall of 30.25 points in the Sensex. It was followed by Hindustan Unilever (11.59 points), Mahindra & Mahindra (10.65 points), Maruti Suzuki India (2.97 points) and H D F C Bank (2.23 points).
Biggest gainers in the 30-share index were Sterlite Industries (India) (4.60%), Hindalco Industries (3.25%), Tata Motors (2.88%), Larsen & Toubro (2.86%), Bharat Heavy Electricals (2.19%), and Wipro (1.86%).
On the other hand, Mahindra & Mahindra (2.18%), Hindustan Unilever (1.98%), I T C (1.57%), Maruti Suzuki India (1.21%), NTPC (0.60%), and Tata Power Company (0.36%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 1.23% and 1.56% respectively. The major gainers in the BSE Midcap were Alstom India (9.24%), Allcargo Logistics (3.57%), A I A Engineering (2.48%), Aban Offshore (2.34%) and Allahabad Bank (2.21%).The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (5.08%), Reliance MediaWorks (4.93%), Action Construction Equipment (2.61%), Adhunik Metaliks (2.43%) and Styrolution ABS (India) (0.39%).
Sectors in Limelight
The Realty index was at 2,036.44, up by 89.41 points or by 4.59%. The major gainers were Housing Development and Infrastructure (12.23%), Anant Raj (7.87%), Indiabulls Real Estate (5.74%), D L F (3.81%) and Godrej Properties (0.45%).
The Capital Goods index was at 9,551.59, up by 255.80 points or by 2.75%. The major gainers were Alstom India (9.24%), A I A Engineering (2.48%), BEML (0.5%), Bharat Electronics (0.21%) and A B B (0.04%).
The Metal index was at 9,321.91, up by 193.32 points or by 2.12%. The major gainers were Hindustan Zinc (4.35%), Hindalco Industries (3.25%), JSW Steel (2.36%), Jindal Steel & Power (0.51%) and Bhushan Steel (0.15%).
On the other hand, the FMCG index was at 5,616.28, down by 62.96 points or by 1.11%. The major losers were Hindustan Unilever (1.98%), I T C (1.57%), Dabur India (0.71%), Colgate-Palmolive (India) (0.21%) and United Spirits (0.08%).
Market Breadth
Market breadth was positive with 1,765 advances against 1,149 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 736.43 million. It was followed by Housing Development and Infrastructure (Rs. 662.08 million), United Spirits (Rs. 425.88 million) and M M T C (Rs. 394.85 million).
The volume chart was led by Ashok Leyland with trades of over 12.30 million shares. It was followed by Housing Development and Infrastructure (9.75 million), NHPC (8.74 million) and Shree Ashtavinayak Cine Vision (6.35 million).
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