Nifty settles above 5,350 in special trade
08th September 2012 02:18 PM
Indian marketssettled withdecent gains in a special trading session Saturday.All sectoral indices ended in green barring power. At the close, the benchmark 30-share index, BSE Sensex gained 65.92 points or 0.37% at 17,749.65 with 23 components posting rise. Meanwhile, the broad based NSE Nifty went up by 16.60 points or 0.31% at 5,358.70 with 34 components registering rise.
The special session was held to test BSE"s disaster recovery software. Trading volume was thin due tonon-working day for majority of brokerages and FIIs.Sensex Movers
Reliance Industries contributed rise of 9.3 points in the Sensex. It was followed by Infosys (7.23 points), Tata Motors (5.25 points), ITC (4.36 points) and ICICI Bank (4.17 points).
However, Bharat Heavy Electricals contributed fall of 2.52 points in the Sensex. It was followed by Tata Consultancy Services (1.92 points), NTPC (1.84 points), Bharti Airtel (1.53 points) and Grasim Industries (0.88 points).
Biggest gainers in the 30-share index were Cipla (2.65%), Dr Reddy"s Laboratories (2.20%), Sterlite Industries (India) (1.92%), Hindalco Industries (1.62%), Jindal Steel & Power (1.35%), and Tata Motors (0.99%).
On the other hand, Bharat Heavy Electricals (1.15%), NTPC (0.55%), Bharti Airtel (0.39%), Coal India (0.22%), Tata Consultancy Services (0.20%), and Bajaj Auto (0.19%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.51% and 0.63% respectively. The major gainers in the BSE Midcap were Allcargo Logistics (3.34%), CORE Education and Technologies (1.3%), Aban Offshore (0.28%), A B G Shipyard (0.26%) and Alstom India (0.07%).The major gainers in the BSE Smallcap were Action Construction Equipment (8.06%), A B G Infralogistics (5.47%), Aarti Industries (2.82%), Aanjaneya Lifecare (0.74%) and Ahlcon Parenterals (India) (0.01%).
Sectors in Limelight
The HC index was at 7,642.13, up by 91.77 points or by 1.22%. The major gainers were Aurobindo Pharma (5.24%), Cipla (2.65%), Biocon (1.16%), Divis Laboratories (0.82%) and Cadila Healthcare (0.77%).
The Metal index was at 9,837.15, up by 94.61 points or by 0.97%. The major gainers were Hindustan Zinc (2.49%), Hindalco Industries (1.62%), Jindal Steel & Power (1.35%), JSW Steel (0.81%) and NMDC (0.24%).
The Consumer Durables index was at 6,398.83, up by 48.27 points or by 0.76%. The major gainers were Gitanjali Gems (2.62%), Bajaj Electricals (1.74%), Whirlpool Of India (1.13%), C.Mahendra Exports (0.25%) and Blue Star (0.09%).
On the other hand, the Power index was at 1,879.66, down by 3.89 points or by 0.21%. The major losers were Adani Power (2.38%), Bharat Heavy Electricals (1.15%), NTPC (0.55%), Lanco Infratech (0.27%) and Power Grid Corporation Of India (0.04%).
Market breadth was positive with 1,568 advances against 714 declines.
Value and Volume Toppers
MMTC topped the value chart on the BSE with a turnover of Rs. 154.80 million. It was followed by United Spirits (Rs. 102.22 million), Strides Arcolab (Rs. 91.99 million) and Hindustan Copper (Rs. 68.12 million).
The volume chart was led by Amar Remedies with trades of over 1.42 million shares. It was followed by Suryachakra Power Corporation (0.98 million), Deccan Chronicle Holdings (0.92 million) and Kingfisher Airlines (0.79 million).
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