Indian equities are trading in a rangebound manner amid
volatility as investors await for ECB meet today. Intense buying
was seen in IT, teck and banking stocks, while FMCG saw the deepest
At 11.50 a.m., the Sensex was trading up 8.50 points or 0.05% at
17,321.84 with 13 components gaining. Meanwhile, the Nifty was
trading lower by 1.75 points or 0.03% at 5,223.95 with 28
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.
Infosys contributed rise of 39.81 points in the Sensex. It was
followed by I C I C I Bank (14.26 points), Wipro (10.12 points),
Housing Development Finance Corporation (6.31 points) and Tata
Consultancy Services (4.67 points).
However, ITC contributed fall of 31.16 points in the Sensex. It
was followed by Reliance Industries (11.61 points), Bharti Airtel
(9.87 points), Bharat Heavy Electricals (6.71 points) and Tata
Motors (6.7 points).
Major gainers in the 30-share index were Wipro (3.82%), Infosys
(2.93%), Jindal Steel & Power (2.08%), ICICI Bank (1.16%),
Maruti Suzuki India (1.10%), and Cipla (0.94%).
On the other hand, Bharat Heavy Electricals (3.13%), Bharti
Airtel (2.58%), ITC (1.81%), Hero Motocorp (1.37%), Tata Motors
(1.29%), and Mahindra & Mahindra (0.81%) were the major losers
in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.28% and 0.12% respectively. The major
gainers in the BSE Midcap were Allcargo Logistics (2.45%), CORE
Education and Technologies (0.94%), Alstom India (0.92%), Aban
Offshore (0.1%) and A B G Shipyard (0.01%).The major gainers in the
BSE Smallcap were Aanjaneya Lifecare (1.79%), Aarti Industries
(1.66%), A2Z Maintenance & Engineering Services (0.95%),
Advanta India (0.86%) and Aegis Logistics (0.78%).
Sectors in Limelight
The IT index was at 5,847.51, up by 121.27 points or by 2.12%.
The major gainers were Hexaware Technologies (3.45%), Mphasis
(1.68%), H C L Technologies (1.17%), CORE Education and
Technologies (0.94%) and Oracle Financial Services Software
The TECk index was at 3,318.03, up by 47.26 points or by 1.44%.
The major gainers were Mphasis (1.68%), HCL Technologies (1.17%),
Oracle Financial Services Software (0.67%), GTL Infrastructure
(0.16%) and Dish TV India (0.14%).
The FMCG index was at 5,336.43, down by 62.99 points or by
1.17%. The major losers were ITC (1.81%), Godrej Consumer Products
(1.23%), Hindustan Unilever (0.7%), United Breweries (0.47%) and
Colgate-Palmolive (India) (0.39%).The Power index was at 1,850.73,
down by 14.29 points or by 0.77%. The major losers were Bharat
Heavy Electricals (3.13%), Reliance Infrastructure (1.12%), G M R
Infrastructure (1.03%), A B B (0.4%) and Lanco Infratech
Market breadth was negative with 1,227 advances against 1,106
Value and Volume Toppers
West Coast Paper Mills topped the value chart on the BSE with a
turnover of Rs. 316.15 million. It was followed by State Bank Of
India (Rs. 263.06 million), United Spirits (Rs. 158.90 million) and
Axis Bank (Rs. 157.22 million).
The volume chart was led by West Coast Paper Mills with trades
of over 4.63 million shares. It was followed by Sanraa Media (1.74
million), Onmobile Global (1.37 million) and Kingfisher Airlines