Sensex gains 51 points; Mid and Smallcap outperform
Published: 08th September 2012 01:18 PM
Last Updated: 08th September 2012 01:18 PM
Indian markets continued to rise for the third day on Saturday
led by healthcare, metal and consumer durables stocks.
At 12.15 p.m., the Sensex was trading up 50.74 points or 0.29%
at 17,734.47 with 23 components gaining. Meanwhile, the Nifty was
trading higher by 11.95 points or 0.22% at 5,354.05 with 34
The 30-share benchmark index, BSE Sensex opened flat with a rise
of 17.34 points or 0.10% at 17,701.07, while the broad based NSE
Nifty began flat with a gain of 1.55 points or 0.03%, at
Reliance Industries contributed rise of 7.83 points in the
Sensex. It was followed by Tata Motors (3.72 points), ICICI Bank
(3.42 points), Hindustan Unilever (3.12 points) and Sterlite
Industries (India) (3.09 points).
However, Bharat Heavy Electricals contributed fall of 2.95
points in the Sensex. It was followed by Bharti Airtel (1.76
points), Tata Consultancy Services (1.3 points), NTPC (1.07 points)
and Jaiprakash Associates (0.56 points).
Major gainers in the 30-share index were Cipla (2.27%), Sterlite
Industries (India) (1.76%), Dr Reddy"s Laboratories (1.41%),
Hindalco Industries (1.33%), Jindal Steel & Power (1.11%), and
On the other hand, Bharat Heavy Electricals (1.34%), Bharti
Airtel (0.45%), Coal India (0.36%), NTPC (0.32%), GAIL (India)
(0.19%), and Bajaj Auto (0.18%) were the major losers in the
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.43% and 0.47% respectively. The major
gainers in the BSE Midcap were Alok Industries (1.37%), Alstom
India (1.12%), Amtek Auto (0.91%), Aban Offshore (0.31%) and Amara
Raja Batteries (0.19%).The major gainers in the BSE Smallcap were
Aarti Industries (1.81%), Aanjaneya Lifecare (0.99%), Trident
(0.34%), Styrolution ABS (India) (0.27%) and A2Z Maintenance &
Engineering Services (0.08%).
Sectors in Limelight
The HC index was at 7,629.67, up by 79.31 points or by 1.05%.
The major gainers were Aurobindo Pharma (3%), Cipla (2.27%), Cadila
Healthcare (0.99%), Biocon (0.87%) and Apollo Hospitals Enterprise
The Metal index was at 9,821.40, up by 78.86 points or by 0.81%.
The major gainers were Hindustan Zinc (1.59%), Hindalco Industries
(1.33%), Jindal Steel & Power (1.11%), JSW Steel (0.69%) and
Bhushan Steel (0.65%).
The Consumer Durables index was at 6,393.60, up by 43.04 points
or by 0.68%. The major gainers were Gitanjali Gems (2.14%),
Whirlpool Of India (1.36%), Rajesh Exports (0.79%), Bajaj
Electricals (0.47%) and Blue Star (0.23%).
On the other hand, the Power index was at 1,878.84, down by 4.71
points or by 0.25%. The major losers were Adani Power (2.62%),
Bharat Heavy Electricals (1.34%), NTPC (0.32%), G M R
Infrastructure (0.26%) and Lanco Infratech (0.09%).
Market breadth was positive with 1,227 advances against 685
Value and Volume Toppers
Vadilal Industries topped the value chart on the BSE with a
turnover of Rs. 117.39 million. It was followed by M M T C (Rs.
115.62 million), Amar Remedies (Rs. 63.24 million) and Strides
Arcolab (Rs. 58.48 million).
The volume chart was led by Avance Technologies with trades of
over 1.65 million shares. It was followed by Amar Remedies (1.38
million), Suryachakra Power Corporation (0.64 million) and Deccan
Chronicle Holdings (0.55 million).