Sensex surges 136 points above 19,500; Nifty above 5,900
08th March 2013 12:18 PM
Indian equities surged in late morning trade on Friday on the back of sustained buying seen in index heavyweights. Oil & gas and PSU stocks gained ground while IT and auto stocks declined.
At 11.21 am, the Sensex was trading up 135.64 points or 0.70% at 19,549.18 with 23 components gaining. Meanwhile, the Nifty was trading higher by 43.75 points or 0.75% at 5,907.05 with 41 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 65.13 points or 0.34% at 19,478.67, while the broad based NSE Nifty started with a rise of 20.35 points or 0.35%, at 5,883.65.
Housing Development Finance Corporation contributed rise of 32.1 points in the Sensex. It was followed by I T C (21.73 points), Reliance Industries (21.07 points), I C I C I Bank (17.16 points) and H D F C Bank (13.74 points).
However, Infosys contributed fall of 25.36 points in the Sensex. It was followed by Tata Consultancy Services (7.04 points), Tata Motors (3.37 points), Hindalco Industries (1.12 points) and Wipro (0.35 points).
Biggest gainers in the 30-share index were Jindal Steel & Power (3.12%), Hero Motocorp (2.90%), Housing Development Finance Corporation (2.21%), Tata Steel (2.04%), G A I L (India) (2.00%), and Coal India (1.74%).
On the other hand, Infosys (1.47%), Dr Reddy"S Laboratories (1.22%), Hindalco Industries (0.69%), Tata Consultancy Services (0.66%), Tata Motors (0.51%), and Wipro (0.11%) were the major losers in the Sensex.
Sectors in Limelight
The Oil & Gas index was at 8,967.36, up by 122.84 points or by 1.39%. The major gainers were Bharat Petroleum Corporation (3.88%), Hindustan Petroleum Corporation (2.56%), G A I L (India) (2%), Cairn India (1.83%) and Castrol India (0.77%).
The PSU index was at 6,981.85, up by 83.99 points or by 1.22%. The major gainers were Bank Of India(1.93%), Bank Of Baroda (0.96%), Andhra Bank (0.81%), Allahabad Bank (0.73%) and Bank Of Maharashtra (0.19%).
The Metal index was at 9,388.81, up by 99.94 points or by 1.08%. The major gainers were Jindal Steel & Power (3.12%), Coal India (1.74%), JSW Steel (1.66%), Hindustan Zinc (0.5%) and Bhushan Steel (0.18%).
On the other hand, the IT index was at 7,002.18, down by 57.42 points or by 0.81%. The major losers were Financial Technologies (India) (1.78%), Infosys (1.47%), Tata Consultancy Services (0.66%), H C L Technologies (0.13%) and Wipro (0.11%).
Market breadth was positive with 1,478 advances against 840 declines.
Value and Volume Toppers
Multi Commodity Exchange of India topped the value chart on the BSE with a turnover of Rs. 1,222.66 million. It was followed by Asahi India Glass (Rs. 285.82 million), Housing Development and Infrastructure (Rs. 277.47 million) and State Bank Of India (Rs. 197.13 million).
The volume chart was led by Asahi India Glass with trades of over 5.50 million shares. It was followed by Housing Development and Infrastructure (3.94 million), Suzlon Energy (2.55 million) and NHPC (2.36 million).
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