Sensex climbs 161 points to close above 19,400; Realty, CG, IT lead
By IRIS
07th March 2013 04:18 PM
Indian equitiesrallied on Thursday led by gains in realty, IT and capital goods. At the close, the benchmark 30-share index, BSE Sensex added 160.93 pointsor 0.84% at 19,413.54 with 21 components posting rise. Meanwhile, the broad based NSE Nifty climbed by 44.70 pointsor 0.77% at 5,863.30 with 31 components registering rise.Nidhi Sarswat, senior research analyst, Bonanza Portfolio said, "Some minor consolidation may be seen in Nifty before it decides its final movement. As after the last correction, many may book profits in rallies. Global cues shall be crucial in coming sessions and so will be the inflation and IIP data. In coming sessions, 5875 shall be crucial deciding level in near term, and index is likely to witness further buying above this level. Above 5875, likely target is 5925-5950, while below 5850, likely support is 5800-5780."Sensex Movers
I T C contributed rise of 28.3 points in the Sensex. It was followed by H D F C Bank (24.14 points), Larsen & Toubro (22.39 points), Tata Consultancy Services (22.3 points) and Infosys (22.13 points).
However, Hindustan Unilever contributed fall of 9.98 points in the Sensex. It was followed by Tata Motors (7.04 points), Bharti Airtel (1.94 points), Grasim Industries (1.19 points) and Hindalco Industries (1.03 points).
Major gainers in the 30-share index were Hero Motocorp (4.64%), Larsen & Toubro (2.39%), Tata Consultancy Services (2.10%), Maruti Suzuki India (2.07%), Wipro (1.82%), and H D F C Bank (1.70%).
On the other hand, Jindal Steel & Power (2.28%), Hindustan Unilever (1.69%), Coal India (1.25%), Tata Motors (1.07%), Hindalco Industries (0.64%), and G A I L (India) (0.54%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap and Smallcap index rose 0.48% and 0.85% respectively.
Sectors in Limelight
The Realty index was at 2,076.25, up by 41.31 points or by 2.03%. The major gainers were Anant Raj (6.44%), D L F (3.64%), Parsvnath Developers (2.09%), Prestige Estates Projects (1.18%) and Indiabulls Real Estate (1.16%).
The Capital Goods index was at 9,686.79, up by 161.38 points or by 1.69%. The major gainers were Crompton Greaves (3.55%), Alstom India (2.78%), F A G Bearings India (2.1%), A B B (1.8%) and Bharat Heavy Electricals (1.28%).
The IT index was at 7,055.28, up by 110.69 points or by 1.59%. The major gainers were Hexaware Technologies (3.1%), H C L Technologies (2.29%), Tech Mahindra (1.71%), Oracle Financial Services Software (1.53%) and Infosys (1.29%).
On the other hand, the Consumer Durables index was at 7,184.61, down by 42.18 points or by 0.58%. The major losers were Symphony (2.41%), Titan Industries (1.32%), Videocon Industries (1.29%), Blue Star (0.66%) and Bajaj Electricals (0.24%).
Market Breadth
Market breadth was positive with 1,566 advances against 1,325 declines.
Value and Volume Toppers
D L F topped the value chart on the BSE with a turnover of Rs. 614.40 million. It was followed by Tata Consultancy Services (Rs. 575.46 million), State Bank Of India (Rs. 546.41 million) and Infosys (Rs. 526.32 million).
The volume chart was led by Future Ventures India with trades of over 8.57 million shares. It was followed by Suzlon Energy (6.04 million), Adani Power (5.56 million) and JSW ISPAT Steel (4.89 million).
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