Indian equities continue to trade on a flat note with positive biasamid mixed Asian cues as investors await the European Central Bank"s announcement on President Mario Draghi"s proposal for unlimited bond purchases to tame the region"s sovereign-debt crisis. IT, teck and realty stocks gained ground. Both Sensex and Nifty were trading near 1-month low.
At 11.03 a.m., the Sensex was trading up 10.71 points or 0.06% at 17,324.05 with 17 components gaining. Meanwhile, the Nifty was trading higher by 1.65 points or 0.03% at 5,227.35 with 28 components gaining.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 7.39 points or 0.04% at 17,320.73, while the broad based NSE Nifty started with a fall of 8.05 points or 0.15%, at 5,217.65.
Sensex Movers
Infosys contributed rise of 34.53 points in the Sensex. It was followed by ICICI Bank (14.19 points), Tata Consultancy Services (6.72 points), Wipro (4.77 points) and State Bank Of India (2.84 points).
However, ITC contributed fall of 27.95 points in the Sensex. It was followed by Bharti Airtel (10.76 points), Reliance Industries (6.38 points), Bharat Heavy Electricals (6.09 points) and Hindustan Unilever (5.13 points).
Major gainers in the 30-share index
were Infosys (2.54%), Jindal Steel & Power (2.08%), Wipro
(1.80%), ICICI Bank (1.15%), Cipla (0.98%), and Maruti Suzuki India
(0.90%).
On the other hand, Bharat Heavy Electricals (2.84%), Bharti Airtel (2.81%), ITC (1.62%), Hero Motocorp (1.40%), Hindustan Unilever (0.78%), and Mahindra & Mahindra (0.75%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.39% and 0.20% respectively. The major gainers in the BSE Midcap were Alstom India (1.25%), Aban Offshore (0.72%), Alok Industries (0.43%), CORE Education and Technologies (0.25%) and Amara Raja Batteries (0.23%).The major gainers in the BSE Smallcap were Trident (2.17%), Aanjaneya Lifecare (1.88%), A2Z Maintenance & Engineering Services (1.21%), Aarti Industries (1.11%) and Advanta India (0.86%).
Sectors in Limelight
The IT index was at 5,824.61, up by 98.37 points or by 1.72%. The major gainers were Hexaware Technologies (1.6%), H C L Technologies (1.22%), Oracle Financial Services Software (0.68%), Mphasis (0.5%) and CORE Education and Technologies (0.25%).
The TECk index was at 3,307.05, up by 36.28 points or by 1.11%. The major gainers were H C L Technologies (1.22%), Oracle Financial Services Software (0.68%), Tata Teleservices (Maharashtra) (0.63%), Mphasis (0.5%) and HT Media (0.17%).
The Realty index was at 1,517.75, up by 10.72 points or by 0.71%. The major gainers were Indiabulls Real Estate (1.81%), D B Realty (1.81%), Godrej Properties (0.96%), D L F (0.75%) and Anant Raj Industries (0.46%).
On the other hand, the FMCG index was at 5,345.80, down by 53.62 points or by 0.99%. The major losers were I T C (1.62%), Godrej Consumer Products (1.45%), Hindustan Unilever (0.78%), United Breweries (0.24%) and Colgate-Palmolive (India) (0.15%).
Market Breadth
Market breadth was positive with 1,174 advances against 949 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 226.86 million. It was followed by West Coast Paper Mills (Rs. 214.46 million), United Spirits (Rs. 144.40 million) and Axis Bank (Rs. 140.46 million).
The volume chart was led by West Coast Paper Mills with trades of over 3.15 million shares. It was followed by Kingfisher Airlines (1.16 million), Jagran Prakashan (1.00 million) and Spicejet (0.99 million).
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