Indian equities continued to gain for the fourth day on Friday. Both Sensex and Nifty traded above 2-month high aided by strong global cues and GAAR clarification. Capital goods, power, metal and banking stocks led the rally.
At the close, the benchmark 30-share index, BSE Sensex gained 439.22 pointsor 2.59% at 17,429.98 with 29 components posting rise. Meanwhile, the broad based NSE Nifty went up by 129.75 points or 2.52% at 5,278.90 with 47 components posting rise.Sensex Movers
I C I C I Bank contributed rise of 59.99 points in the Sensex. It was followed by I T C (49.6 points), Reliance Industries (39.08 points), Larsen & Toubro (38.2 points) and H D F C Bank (37.43 points).
However, Wipro contributed fall of 0.56 points in the Sensex. It was followed by Reliance Communications (2.18 points), D L F (2.37 points), Bharti Airtel (2.56 points) and Jaiprakash Associates (2.63 points).
Major gainers in the 30-share index were Jindal Steel & Power (8.74%), Tata Power Company (5.81%), I C I C I Bank (5.03%), Bharat Heavy Electricals (4.93%), Sterlite Industries (India) (4.91%), and Maruti Suzuki India (4.58%).
On the other hand,Coal India (0.14%) was the onlyloser in the Sensex pack.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 1.62% and 1.31% respectively.The major gainers in the BSE Midcap were A I A Engineering (6.25%), Alstom Projects India (3.14%), Aban Offshore (3.06%), CORE Education and Technologies (0.59%) and Allcargo Logistics (0.38%).The major gainers in the BSE Smallcap were Styrolution ABS (India) (4.62%), A2Z Maintenance & Engineering Services (3.38%), Aanjaneya Lifecare (2.56%), Trident (1.25%) and Aarti Industries (1.1%).
Sectors in Limelight
The Capital Goods index was at 10,025.35, up by 352.97 points or by 3.65%. The major gainers were A I A Engineering (6.25%), Alstom Projects India (3.14%), Bharat Electronics (2.09%), A B B (1.2%) and BEML (0.79%).
The Power index was at 1,987.56, up by 68.23 points or by 3.55%. The major gainers were Adani Power (5.05%), Bharat Heavy Electricals (4.93%), Reliance Infrastructure (4.27%), Crompton Greaves (1.38%) and A B B (1.2%).
The Bankex index was at 11,908.71, up by 401.21 points or by 3.49%. The major gainers were H D F C Bank (3.02%), Canara Bank (1.74%), Bank Of Baroda (1.57%), Federal Bank (0.89%) and Bank Of India (0.28%).
The Metal index was at 10,785.38, up by 359.13 points or by 3.44%. The major gainers were Jindal Steel & Power (8.74%), Hindustan Zinc (4.2%), Hindalco Industries (3.99%), JSW Steel (1.46%) and Bhushan Steel (0.78%).
Market Breadth
Market breadth was negative with 1,897 advances against 1,037 declines.
Value and Volume Toppers
Cairn India topped the value chart on the BSE with a turnover of Rs. 18,843.85 million. It was followed by State Bank Of India (Rs. 1,348.22 million), Larsen & Toubro (Rs. 695.23 million) and I C I C I Bank (Rs. 689.22 million).
The volume chart was led by Cairn India with trades of over 61.28 million shares. It was followed by Lanco Infratech (10.20 million), Kingfisher Airlines (5.41 million) and Onmobile Global (5.17 million).
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