Indian markets bounced back into the positive terrain amid volatility in the afternoon trade. Oil & gas, realty and metal stocks edged lower, while consumer durables and power stocks gained.
At 13.00 hrs, the Sensex was trading up 4.33 points or 0.02% at 17,433.89 with 15 components gaining. Meanwhile, the Nifty was trading higher by 7.35 points or 0.14% at 5,265.85 with 22 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 36.04 points or 0.21% at 17,465.60, while the broad based NSE Nifty started with a rise of 18.00 points or 0.34%, at 5,276.50.
Sensex Movers
Housing Development Finance Corporation contributed rise of 6.46 points in the Sensex. It was followed by NTPC (4.97 points), Infosys (3.97 points), State Bank Of India (3.58 points) and Maruti Suzuki India (2.63 points).
However, Reliance Industries contributed fall of 16.72 points in the Sensex. It was followed by Tata Motors (7.16 points), I C I C I Bank (5.1 points), Tata Steel (3.29 points) and Oil & Natural Gas Corporation (3.03 points).
Major gainers in the 30-share index were Bajaj Auto (2.88%), Cipla (1.63%), NTPC (1.52%), Maruti Suzuki India (1.36%), Bharat Heavy Electricals (1.17%), and Hindalco Industries (0.77%).
On the other hand, Jindal Steel & Power (1.86%), Tata Power Company (1.41%), Tata Motors (1.37%), Dr Reddy"S Laboratories (1.20%), Tata Steel (1.13%), and Reliance Industries (1.03%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.30% and 0.15% respectively. The major gainers in the BSE Midcap were A I A Engineering (1.69%), Allcargo Logistics (1.31%), A B G Shipyard (1.29%), CORE Education and Technologies (1.17%) and Alstom India (0.31%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (2.53%), Action Construction Equipment (1.63%), Styrolution ABS (India) (1.5%), Trident (0.69%) and Reliance MediaWorks (0.08%).
Sectors in Limelight
The Consumer Durables index was at 6,282.98, up by 41.94 points or by 0.67%. The major gainers were Blue Star (1.83%), Gitanjali Gems (1.65%), Whirlpool Of India (1.53%), Titan Industries (0.72%) and Bajaj Electricals (0.32%).
The IPO index was at 1,458.04, up by 8.43 points or by 0.58%. The major gainers were Bajaj Corp (3.77%), Claris Lifesciences (3.11%), Bedmutha Industries (2.19%), Career Point (1.55%) and Commercial Engineers and Body Builders Company (0.79%).
The Power index was at 1,879.96, up by 9.13 points or by 0.49%. The major gainers were Adani Power (2.69%), JSW Energy (1.42%), Bharat Heavy Electricals (1.17%), Lanco Infratech (1%) and G M R Infrastructure (0.55%).
On the other hand, the Oil & Gas index was at 8,158.36, down by 53.17 points or by 0.65%. The major losers were Hindustan Petroleum Corporation (1.84%), Gujarat State Petronet (1.64%), Indian Oil Corporation (0.88%), Bharat Petroleum Corporation (0.8%) and G A I L (India) (0.48%).
Market Breadth
Market breadth was negative with 1,328 advances against 1,217 declines.
Value and Volume Toppers
JSW Steel topped the value chart on the BSE with a turnover of Rs. 365.15 million. It was followed by State Bank Of India (Rs. 344.76 million), United Spirits (Rs. 325.69 million) and Jain Irrigation Systems (Rs. 229.08 million).
The volume chart was led by Cals Refineries with trades of over 8.84 million shares. It was followed by Jain Irrigation Systems (3.65 million), Kingfisher Airlines (2.18 million) and Housing Development and Infrastructure (1.99 million).
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