Sensex gains 86 pts in early trade
04th July 2012 10:18 AM
Indian markets continued to gain in early trade for the second day on Wednesday. The 30-share benchmark index, BSE Sensex opened with a gain of 47.55 points or 0.27% at 17,473.26, while the broad based NSE Nifty started with a rise of 22.45 points or 0.42%, at 5,310.40.
At 09.19 a.m., the Sensex was trading up 85.96 points or 0.49% at 17,511.67 with 24 components gaining. Meanwhile, the Nifty was trading higher by 15.95 points or 0.30% at 5,303.90 with 37 components gaining.
I T C contributed rise of 8.51 points in the Sensex. It was followed by I C I C I Bank (8.13 points), H D F C Bank (7.44 points), Housing Development Finance Corporation (5.52 points) and Larsen & Toubro (3.39 points).
However, Hindustan Unilever contributed fall of 5.93 points in the Sensex. It was followed by Oil & Natural Gas Corporation (2.62 points), Tata Consultancy Services (1.54 points), Grasim Industries (0.57 points) and Sun Pharmaceutical Industries (0.49 points).
Major gainers in the 30-share index were Jindal Steel & Power (1.08%), Sterlite Industries (India) (1.00%), Maruti Suzuki India (0.91%), Cipla (0.70%), Dr Reddy"S Laboratories (0.70%), and I C I C I Bank (0.66%).
On the other hand, Hindustan Unilever (1.02%), Oil & Natural Gas Corporation (0.36%), Tata Consultancy Services (0.17%), Sun Pharmaceutical Industries (0.16%), Wipro (0.12%), and NTPC (0.03%) were the biggest losers in the Sensex.
Sectors in Limelight
The Metal index was at 11,026.62, up by 92.31 points or by 0.84%. The major gainers were Jindal Steel & Power (1.08%), Bhushan Steel (0.71%), Hindustan Zinc (0.65%), Hindalco Industries (0.61%) and Coal India (0.39%).
The Realty index was at 1,752.97, up by 12.83 points or by 0.74%. The major gainers were Parsvnath Developers (1.84%), Anant Raj Industries (0.63%), Indiabulls Real Estate (0.56%), D L F (0.54%) and Housing Development and Infrastructure (0.17%).
The Auto index was at 9,494.68, up by 68.25 points or by 0.72%. The major gainers were Ashok Leyland (2.87%), Hero Motocorp (0.59%), Exide Industries (0.5%), Bharat Forge (0.36%) and Bajaj Auto (0.25%).
On the other hand, the IT index was at 5,720.57, down by 0.03 points or by 0%. The major losers were H C L Technologies (0.36%), Tata Consultancy Services (0.17%), Wipro (0.12%) and CORE Education and Technologies (0.07%).
Market breadth was negative with 647 advances against 212 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 36.52 million. It was followed by I C I C I Bank (Rs. 19.38 million), Reliance Capital (Rs. 14.41 million) and Onmobile Global (Rs. 12.93 million).
The volume chart was led by Onmobile Global with trades of over 0.40 million shares. It was followed by JM Financial (0.26 million), Indiabulls Securities (0.25 million) and Shree Ashtavinayak Cine Vision (0.24 million).
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