Sensex up 40 points; IT gains over 2%

06th September 2012 01:18 PM

Indian markets are trading on a quiet note ahead of ECB meet today. IT and teck stocks gained the most, while FMCG, consumer durables and capital goods traded lower.

At 12.54 p.m., the Sensex was trading up 40.42 points or 0.23% at 17,353.76 with 18 components gaining. Meanwhile, the Nifty was trading higher by 10.15 points or 0.19% at 5,235.85 with 33 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 42.01 points in the Sensex. It was followed by ICICI Bank (19.68 points), Wipro (9.55 points), Tata Consultancy Services (7.45 points) and Housing Development Finance Corporation (6.15 points).

However, ITC contributed fall of 47.95 points in the Sensex. It was followed by Bharti Airtel (7.66 points), Reliance Industries (7.02 points), Hindustan Unilever (6.32 points) and Bharat Heavy Electricals (5.95 points).

Major gainers in the 30-share index were Wipro (3.60%), Infosys (3.09%), Jindal Steel & Power (2.08%), ICICI Bank (1.60%), NTPC (1.48%), and Hindalco Industries (1.29%).

On the other hand, ITC (2.78%), Bharat Heavy Electricals (2.76%), Bharti Airtel (2.00%), Hindustan Unilever (0.96%), Hero Motocorp (0.95%), and Bajaj Auto (0.49%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The Midcap and Smallcap index rose 0.41% and 0.22% respectively.

Sectors in Limelight

The IT index was at 5,853.27, up by 127.03 points or by 2.22%. The major gainers were Hexaware Technologies (3.65%), Mphasis (1.98%), H C L Technologies (1.54%), Oracle Financial Services Software (0.99%) and CORE Education and Technologies (0.45%).

The TECk index was at 3,323.52, up by 52.75 points or by 1.61%. The major gainers were Mphasis (1.98%), H C L Technologies (1.54%), Oracle Financial Services Software (0.99%), Dish TV India (0.43%) and Idea Cellular (0.13%).

The Bankex index was at 11,370.90, up by 78.17 points or by 0.69%. The major gainers were I C I C I Bank (1.6%), Bank Of India (1.06%), Bank Of Baroda (0.45%), Indusind Bank (0.19%) and Federal Bank (0.16%).

On the other hand, the FMCG index was at 5,313.97, down by 85.45 points or by 1.58%. The major losers were I T C (2.78%), Hindustan Unilever (0.96%), United Breweries (0.81%), Colgate-Palmolive (India) (0.09%) and Godrej Consumer Products (0.02%).

Market Breadth

Market breadth was negative with 1,319 advances against 1,201 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 343.83 million. It was followed by West Coast Paper Mills (Rs. 322.56 million), United Spirits (Rs. 212.58 million) and Axis Bank (Rs. 206.70 million).

The volume chart was led by West Coast Paper Mills with trades of over 4.78 million shares. It was followed by Cals Refineries (1.64 million), Onmobile Global (1.64 million) and I F C I (1.60 million).

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