Sensex turns positive; Realty, CD, Oil & gas gain
By IRIS
04th September 2012 02:18 PM
Indian equities bounced back into the positive terrain in the afternoon tradewith some buying seen in realty, consumer durables and oil & gas stocks.
At 1.49 p.m., the Sensex was trading up 26.57 points or 0.15% at 17,410.97 with 15 components gaining. Meanwhile, the Nifty was trading higher by 12.50 points or 0.24% at 5,266.25 with 30 components gaining.
The 30-share benchmark index, BSE Sensex opened flat with a decline of 5.72 points or 0.03% at 17,378.68, while the broad based NSE Nifty started with a fall of 4.60 points or 0.09%, at 5,249.15.
Sensex Movers
Reliance Industries contributed rise of 20.68 points in the Sensex. It was followed by State Bank Of India (6.5 points), ITC (5.5 points), Hindustan Unilever (5.25 points) and Tata Motors (5.2 points).
However, Housing Development Finance Corporation contributed fall of 17.04 points in the Sensex. It was followed by Oil & Natural Gas Corporation (7.53 points), Infosys (4.18 points), Tata Power Company (3.39 points) and Tata Consultancy Services (3.17 points).
Major gainers in the 30-share index were GAIL (India) (1.87%), Tata Steel (1.70%), Jindal Steel & Power (1.61%), Reliance Industries (1.28%), State Bank Of India (1.11%), and Tata Motors (1.00%).
On the other hand, Tata Power Company (1.74%), Housing Development Finance Corporation (1.32%), Cipla (1.27%), Oil & Natural Gas Corporation (1.08%), Sun Pharmaceutical Industries (0.76%), and Hindalco Industries (0.53%) were the major losers in the Sensex.
Mid & Small-cap Space
The Midcap and Smallcap index rose 0.95% and 0.93% respectively.
Sectors in Limelight
The Consumer Durables index was at 6,346.02, up by 67.21 points or by 1.07%. The major gainers were Gitanjali Gems (1.77%), Titan Industries (1.52%), Rajesh Exports (1.34%), Bajaj Electricals (0.53%) and Whirlpool Of India (0.1%).
The Realty index was at 1,511.50, up by 13.61 points or by 0.91%. The major gainers were Indiabulls Real Estate (2.62%), Housing Development and Infrastructure (1.94%), DLF (1.26%), Oberoi Realty (1.06%) and Godrej Properties (0.83%).
The Oil & Gas index was at 8,203.28, up by 57.40 points or by 0.70%. The major gainers were GAIL (India) (1.87%), Bharat Petroleum Corporation (1.63%), Hindustan Petroleum Corporation (1.19%), Indian Oil Corporation (0.93%) and Cairn India (0.03%).
On the other hand, the IT index was at 5,722.27, down by 12.1 points or by 0.21%. The major losers were Oracle Financial Services Software (2.09%), Mphasis (0.71%), Tata Consultancy Services (0.34%), Infosys (0.31%) and CORE Education and Technologies (0.25%).
Market Breadth
Market breadth was negative with 1,326 advances against 1,261 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 556.81 million. It was followed by Torrent Power (Rs. 539.01 million), Vikas Wsp (Rs. 373.37 million) and State Bank Of India (Rs. 352.45 million).
The volume chart was led by Cals Refineries with trades of over 6.83 million shares. It was followed by Kingfisher Airlines (6.21 million), Vikas Wsp (5.43 million) and Torrent Power (3.39 million).
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