Sensex surges over 250 points; Metal, bank rise
07th September 2012 11:18 AM
Indian equities continued to rise on Friday. At 10.03 a.m., the Sensex was trading up 262.81 points or 1.52% at 17,609.08 with 29 components gaining. Meanwhile, the Nifty was trading higher by 79.65 points or 1.52% at 5,318.05 with 49 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 229.52 points or 1.32% at 17,575.79, while the broad based NSE Nifty started with a rise of 71.05 points or 1.36%, at 5,309.45.
I C I C I Bank contributed rise of 42.07 points in the Sensex. It was followed by Reliance Industries (34.82 points), Infosys (22.94 points), Tata Motors (19.15 points) and Housing Development Finance Corporation (17.77 points).
However, Hero Motocorp contributed fall of 0.41 points in the Sensex. It was followed by ACC (0.56 points), NTPC (0.87 points), Reliance Communications (1.6 points) and Grasim Industries (1.62 points).
Biggest gainers in the 30-share index were Tata Motors (3.63%), Tata Steel (3.46%), I C I C I Bank (3.37%), Hindalco Industries (2.31%), Sterlite Industries (India) (2.24%), and Reliance Industries (2.12%).
On the other hand, and Hero Motocorp (0.19%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 1.15% and 0.98% respectively.The major gainers in the BSE Midcap were Alstom India (1.66%), CORE Education and Technologies (1.48%), Amara Raja Batteries (1.45%), Alok Industries (1.36%) and A B G Shipyard (0.75%).The major gainers in the BSE Smallcap were Styrolution ABS (India) (2.64%), Reliance MediaWorks (1.7%), A2Z Maintenance & Engineering Services (1.62%), Action Construction Equipment (1.41%) and Aarti Industries (0.07%).
Sectors in Limelight
The Metal index was at 9,682.29, up by 192.07 points or by 2.02%. The major gainers were Hindalco Industries (2.31%), Jindal Steel & Power (1.85%), Hindustan Zinc (1.35%), Coal India (0.78%) and Bhushan Steel (0.72%).
The Bankex index was at 11,565.75, up by 213.87 points or by 1.88%. The major gainers were Bank Of India (1.93%), Canara Bank (1.77%), Bank Of Baroda (1.4%), Federal Bank (1.1%) and H D F C Bank (0.89%).
The Oil & Gas index was at 8,344.99, up by 152.35 points or by 1.86%. The major gainers were G A I L (India) (1.5%), Gujarat State Petronet (1.47%), Cairn India (1.18%), Bharat Petroleum Corporation (1.08%) and Hindustan Petroleum Corporation (0.62%).
The Capital Goods index was at 9,406.59, up by 151.59 points or by 1.64%. The major gainers were Alstom India (1.66%), BEML (1.29%), A B B (1.25%), Bharat Heavy Electricals (1.22%) and Bharat Electronics (0.75%).
Market breadth was positive with 1,354 advances against 457 declines.
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover of Rs. 333.36 million. It was followed by State Bank Of India (Rs. 150.33 million), Tata Steel (Rs. 123.98 million) and I C I C I Bank (Rs. 100.83 million).
The volume chart was led by Mercator with trades of over 1.63 million shares. It was followed by Glodyne Technoserve (0.81 million), Spicejet (0.69 million) and Kingfisher Airlines (0.69 million).
- The Woolwich 'beheading' is straight out of al-Qaeda's terror manual
- Not a drop of Cauvery for people on its banks
- Dalit discrimination 'forms' in colleges
- Marine turtles giving Kerala a miss
- New mango named Nirbhaya after gang-rape victim
- Shortage of essential TB drug heightens risk to patients, others
- Four years of UPA-II
- Nine years as PM: What will be Manmohan Singh's legacy?
- There is betting link even in Sree's company
- BrahMos missile test fired from Russian warship
- Sahara Group accuses the BCCI of Betrayal
- Names of UPA ministers will surface in IPL spot-fixing: Swamy
- IPL ban, takeover of BCCI sought
- Knowledge and faith
- Police summon CSK boss on spot-fixing
- IPL Eliminator: Brad Hodge helps Royals beat Sunrisers