Indian equities continue to trade on a firm note in the post noon trade led by gains seen in oil & gas, FMCG and PSU stocks. However, IT and auto stocks declined. BSE Midcap and Smallcap index underperformed the benchmark indices.
At 12.53 p.m., the Sensex was trading up 118.67 points or 0.61% at 19,532.21 with 21 components gaining. Meanwhile, the Nifty was trading higher by 39.55 points or 0.67% at 5,902.85 with 36 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 34.12 points in the Sensex. It was followed by I T C (26.39 points), H D F C Bank (17.08 points), Reliance Industries (15.92 points) and Oil & Natural Gas Corporation (11.38 points).
However, Infosys contributed fall of 20.23 points in the Sensex. It was followed by Tata Motors (9.44 points), Tata Consultancy Services (7.97 points), Maruti Suzuki India (3.67 points) and Wipro (1.79 points).
Major gainers in the 30-share index were Hero Motocorp (3.02%), Jindal Steel & Power (2.84%), Housing Development Finance Corporation (2.35%), G A I L (India) (2.12%), Tata Steel (1.63%), and Coal India (1.50%).
On the other hand, Maruti Suzuki India (1.47%), Tata Motors (1.42%), Infosys (1.17%), Dr Reddy's Laboratories (1.11%), Hindalco Industries (0.84%), and Tata Consultancy Services (0.75%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.41% and 0.46% respectively.The major gainers in the BSE Midcap were Amtek Auto (5.34%), Aban Offshore (2.55%), Allcargo Logistics (2.34%), Amara Raja Batteries (0.11%) and A B G Shipyard (0.07%).The major gainers in the BSE Smallcap were Action Construction Equipment (2.31%), Adhunik Metaliks (1.19%), Trident (0.97%), Aarti Industries (0.81%) and Advanta India (0.47%).
Sectors in Limelight
The Oil & Gas index was at 8,957.36, up by 112.84 points or by 1.28%. The major gainers were Bharat Petroleum Corporation (3.5%), Castrol India (2.92%), G A I L (India) (2.12%), Hindustan Petroleum Corporation (1.95%) and Cairn India (1.65%).
The FMCG index was at 5,724.95, up by 69.85 points or by 1.24%. The major gainers were Godrej Consumer Products (1.95%), I T C (1.35%), Dabur India (1.17%), Colgate-Palmolive (India) (0.69%) and Hindustan Unilever (0.4%).
The PSU index was at 6,969.57, up by 71.71 points or by 1.04%. The major gainers were Bank Of India(0.97%), Balmer Lawrie & Company (0.66%), Andhra Bank (0.35%), Bank Of Baroda (0.25%) and Bank Of Maharashtra (0.19%).
On the other hand, the IT index was at 7,006.96, down by 52.64 points or by 0.75%. The major losers were Oracle Financial Services Software (2.01%), Infosys (1.17%), Tata Consultancy Services (0.75%), Mphasis (0.2%) and H C L Technologies (0.04%).
Market Breadth
Market breadth was positive with 1,505 advances against 1,104 declines.
Value and Volume Toppers
Multi Commodity Exchange of India topped the value chart on the BSE with a turnover of Rs. 1,327.46 million. It was followed by Housing Development and Infrastructure (Rs. 345.63 million), State Bank Of India (Rs. 321.80 million) and D L F (Rs. 254.63 million).
The volume chart was led by Housing Development and Infrastructure with trades of over 5.01 million shares. It was followed by Multi Commodity Exchange of India (1.36 million), Spicejet (1.29 million) and D L F (0.92 million).
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