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
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
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.
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
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 was negative with 1,328 advances against 1,217
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).