Indian equities are trading higher on Friday led by gains seen in oil & gas, FMCG, PSU and metal stocks. At 11.55 a.m., the Sensex was trading up 150.29 points or 0.77% at 19,563.83 with 23 components gaining. Meanwhile, the Nifty was trading higher by 46.35 points or 0.79% at 5,909.65 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.
Sensex Movers
Housing Development Finance Corporation contributed rise of 35.75 points in the Sensex. It was followed by I T C (25.43 points), Reliance Industries (18.88 points), I C I C I Bank (18.56 points) and H D F C Bank (17.44 points).
However, Infosys contributed fall of 22.94 points in the Sensex. It was followed by Tata Consultancy Services (7.25 points), Tata Motors (4.89 points), D L F (0.67 points) and Wipro (0.56 points).
Major gainers in the 30-share index were Jindal Steel & Power (2.84%), Housing Development Finance Corporation (2.46%), Hero Motocorp (2.44%), Tata Steel (1.90%), G A I L (India) (1.90%), and Coal India (1.60%).
On the other hand, Infosys (1.33%), Dr Reddy's Laboratories (1.14%), Tata Motors (0.74%), Tata Consultancy Services (0.68%), Wipro (0.18%), and Hindalco Industries (0.15%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.74% and 0.74% respectively.The major gainers in the BSE Midcap were Aban Offshore (3.12%), Allcargo Logistics (2.46%), Allahabad Bank (0.91%), A B G Shipyard (0.44%) and Amara Raja Batteries (0.42%).The major gainers in the BSE Smallcap were Aarti Industries (2.7%), Adhunik Metaliks (2.23%), Action Construction Equipment (1.62%), Trident (0.85%) and Reliance MediaWorks (0.42%).
Sectors in Limelight
The Oil & Gas index was at 8,969.58, up by 125.06 points or by 1.41%. The major gainers were Bharat Petroleum Corporation (3.95%), Hindustan Petroleum Corporation (2.56%), Castrol India (2.4%), G A I L (India) (1.9%) and Cairn India (1.73%).
The PSU index was at 6,990.43, up by 92.57 points or by 1.34%. The major gainers were Bank Of India(1.58%), Bank Of Baroda (1.27%), Allahabad Bank (0.91%), Andhra Bank (0.86%) and Balmer Lawrie & Company (0.69%).
The FMCG index was at 5,725.39, up by 70.29 points or by 1.24%. The major gainers were Godrej Consumer Products (1.58%), Dabur India (1.47%), I T C (1.3%), Colgate-Palmolive (India) (0.82%) and Hindustan Unilever (0.32%).
On the other hand, the IT index was at 7,007.10, down by 52.5 points or by 0.74%. The major losers were Financial Technologies (India) (1.72%), Infosys (1.33%), Tata Consultancy Services (0.68%), Wipro (0.18%) and H C L Technologies (0.1%).
Market Breadth
Market breadth was positive with 1,534 advances against 907 declines.
Value and Volume Toppers
Multi Commodity Exchange of India topped the value chart on the BSE with a turnover of Rs. 1,301.29 million. It was followed by Housing Development and Infrastructure (Rs. 287.01 million), Asahi India Glass (Rs. 285.97 million) and State Bank Of India (Rs. 259.62 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 (4.08 million), Sigrun Holdings (4.08 million) and Suzlon Energy (3.02 million).
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