Indian markets rallied further towards closing on Friday led by global factors and hopes of rate cut. U.S. monthly jobs data to be eyed today. At 2.42 pm, the Sensex was trading up 253.51 points or 1.31% at 19,667.05 with 25 components gaining. Meanwhile, the Nifty was trading higher by 78.35 points or 1.34% at 5,941.65 with 43 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 51.76 points in the Sensex. It was followed by
I T C (37.34 points), Reliance Industries (34.16 points), H D F C
Bank (29 points) and I C I C I Bank (23.53 points).
However, Infosys contributed fall of 20.17 points in the Sensex. It was followed by Tata Consultancy Services (6.4 points), Maruti Suzuki India (5.45 points), Tata Motors (5.14 points) and Wipro (2.57 points).
Biggest gainers in the 30-share index were Jindal Steel & Power (5.15%), Housing Development Finance Corporation (3.54%), Tata Steel (3.04%), G A I L (India) (2.44%), Coal India (2.40%), and Larsen & Toubro (2.29%).
On the other hand, Maruti Suzuki India (2.17%), Infosys (1.16%), Wipro (0.81%), Tata Motors (0.77%), and Tata Consultancy Services (0.59%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.59% and 0.66% respectively.The major gainers in the BSE Midcap were Aban Offshore (2.75%), Allcargo Logistics (1.63%), A B G Shipyard (0.44%), Alstom India (0.4%) and A I A Engineering (0.02%).The major gainers in the BSE Smallcap were Adhunik Metaliks (4.46%), Aarti Industries (2.24%), Action Construction Equipment (1.62%), Trident (1.33%) and Reliance MediaWorks (0.42%).
Sectors in Limelight
The Metal index was at 9,481.52, up by 192.65 points or by 2.07%. The major gainers were Jindal Steel & Power (5.15%), Coal India (2.4%), Hindalco Industries (0.35%), Bhushan Steel (0.32%) and Hindustan Zinc (0.25%).
The Oil & Gas index was at 9,025.08, up by 180.56 points or by 2.04%. The major gainers were Bharat Petroleum Corporation (4.07%), Castrol India (2.82%), Hindustan Petroleum Corporation (2.72%), Cairn India (2.6%) and G A I L (India) (2.44%).
The FMCG index was at 5,756.99, up by 101.89 points or by 1.80%. The major gainers were Godrej Consumer Products (3.41%), I T C (1.9%), Dabur India (1.54%), Hindustan Unilever (1.17%) and Colgate-Palmolive (India) (0.32%).
On the other hand, the IT index was at 7,013.06, down by 46.54 points or by 0.66%. The major losers were Oracle Financial Services Software (2.13%), Financial Technologies (India) (1.96%), Infosys (1.22%), Wipro (0.7%) and Tata Consultancy Services (0.62%).
Market Breadth
Market breadth was positive with 1,678 advances against 1,130 declines.
Value and Volume Toppers
Multi Commodity Exchange of India topped the value chart on the BSE with a turnover of Rs. 1,380.53 million. It was followed by Jet Airways (India) (Rs. 718.82 million), State Bank Of India (Rs. 545.93 million) and Housing Development and Infrastructure (Rs. 439.75 million).
The volume chart was led by Housing Development and Infrastructure with trades of over 6.29 million shares. It was followed by G T L Infrastructure (5.15 million), Suzlon Energy (5.03 million) and Future Ventures India (3.70 million).
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