Sensex, Nifty up over 0.2%; Mid and Small-caps outperform
By IRIS
10th September 2012 02:18 PM
Indian markets continue to trade marginally higher on Monday led metal, healthcare and consumer durables stocks. BSE Midcap and Smallcapindex outperformed both the Sensex and Nifty.
At 12.50 p.m., the Sensex was trading up 42.72 points or 0.24% at 17,792.37 with 19 components gaining. Meanwhile, the Nifty was trading higher by 11.25 points or 0.21% at 5,369.95 with 30 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 31.28 points or 0.18% at 17,780.93, while the broad based NSE Nifty began flat with a gain of 3.20 points or 0.06%, at 5,361.90.
Sensex Movers
Housing Development Finance Corporation contributed rise of 15.57 points in the Sensex. It was followed by Larsen & Toubro (8.48 points), Bharti Airtel (8.34 points), Sun Pharmaceutical Industries (8.21 points) and ITC (8.06 points).
However, ICICI Bank contributed fall of 7.32 points in the Sensex. It was followed by Tata Consultancy Services (6.27 points), State Bank Of India (5.8 points), Reliance Industries (5.41 points) and Bharat Heavy Electricals (4.96 points).
Major gainers in the 30-share index were Sun Pharmaceutical Industries (2.45%), Bharti Airtel (2.12%), Tata Steel (2.11%), Coal India (1.78%), Hindalco Industries (1.73%), and Bajaj Auto (1.26%).
On the other hand, Bharat Heavy Electricals (2.25%), Jindal Steel & Power (2.19%), Wipro (1.08%), State Bank Of India (0.97%), Tata Power Company (0.88%), and Cipla (0.70%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.51% and 0.77% respectively. The major gainers in the BSE Midcap were Aban Offshore (2.63%), Delta Corp (0.74%), Alstom India (0.43%), CORE Education and Technologies (0.33%) and Ashok Leyland (0.24%).The major gainers in the BSE Smallcap were Action Construction Equipment (19.79%), Adhunik Metaliks (6.96%), A2Z Maintenance & Engineering Services (4.56%), Aarti Industries (3.23%) and Trident (1.62%).
Sectors in Limelight
The Metal index was at 9,941.24, up by 104.09 points or by 1.06%. The major gainers were NMDC (2.48%), Coal India (1.78%), Hindalco Industries (1.73%), JSW Steel (1.3%) and Hindustan Zinc (0.42%).
The HC index was at 7,715.87, up by 73.74 points or by 0.96%. The major gainers were Aurobindo Pharma (2.19%), Cadila Healthcare (1.39%), Biocon (0.58%), Divis Laboratories (0.37%) and Dr Reddy"S Laboratories (0.08%).
On the other hand, the Bankex index was at 11,612.92, down by 33.53 points or by 0.29%. The major losers were I C I C I Bank (0.58%), Federal Bank (0.49%), Indusind Bank (0.3%), Bank Of India (0.17%) and Bank Of Baroda (0.03%).
Market Breadth
Market breadth was positive with 1,468 advances against 1,121 declines.
Value and Volume Toppers
EIH topped the value chart on the BSE with a turnover of Rs. 461.05 million. It was followed by United Spirits (Rs. 319.92 million), State Bank Of India (Rs. 297.55 million) and Tata Steel (Rs. 205.25 million).
The volume chart was led by E I H with trades of over 5.95 million shares. It was followed by Cals Refineries (3.72 million), Spicejet (2.37 million) and Kingfisher Airlines (2.09 million).
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