Sensex edges higher on hopes of fuel price hike

11th September 2012 03:18 PM

Indian equities continue to trade in green zone on hopes of fuel price hike on Tuesday evening. Realty, FMCG and consumer durables gained.

At 2.02 p.m., the Sensex was trading up 23.64 points or 0.13% at 17,790.42 with 14 components gaining. Meanwhile, the Nifty was trading higher by 8.15 points or 0.15% at 5,371.60 with 27 components gaining.

The 30-share benchmark index, BSE Sensex opened with a decline of 54.98 points or 0.31% at 17,711.80, while the broad based NSE Nifty started with a fall of 27.35 points or 0.51%, at 5,336.10.

Sensex Movers

Housing Development Finance Corporation contributed rise of 25.78 points in the Sensex. It was followed by ITC (16.81 points), Tata Consultancy Services (9.63 points), ICICI Bank (7.14 points) and Grasim Industries (4.41 points).

However, Sterlite Industries (India) contributed fall of 8.42 points in the Sensex. It was followed by Larsen & Toubro (5.11 points), Reliance Industries (3.5 points), Mahindra & Mahindra (3.29 points) and Hero Motocorp (3.23 points).

Major gainers in the 30-share index were GAIL (India) (2.10%), Housing Development Finance Corporation (1.99%), Maruti Suzuki India (1.15%), NTPC (1.14%), Tata Consultancy Services (1.00%), and ITC (0.98%).

On the other hand, Sterlite Industries (India) (4.78%), Jindal Steel & Power (3.18%), Hero Motocorp (1.51%), Tata Steel (0.91%), Wipro (0.84%), and Mahindra & Mahindra (0.79%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap and Smallcap index rose 0.15% and 0.42% respectively.

Sectors in Limelight

The IPO index was at 1,520.01, up by 9.87 points or by 0.65%. The major gainers were Electrosteel Steels (5.21%), Ashoka Buildcon (0.76%), Career Point (0.65%), Claris Lifesciences (0.17%) and Bedmutha Industries (0.07%).

The FMCG index was at 5,372.01, up by 23.29 points or by 0.44%. The major gainers were Godrej Consumer Products (2.37%), I T C (0.98%), Dabur India (0.81%), Jubilant FoodWorks (0.47%) and Colgate-Palmolive (India) (0.28%).

The IT index was at 5,998.18, up by 15.10 points or by 0.25%. The major gainers were CORE Education and Technologies (6%), Hexaware Technologies (2.88%), Oracle Financial Services Software (0.54%), H C L Technologies (0.53%) and Infosys (0.01%).

On the other hand, the Metal index was at 9,729.33, down by 177.54 points or by 1.79%. The major losers were Jindal Steel & Power (3.18%), JSW Steel (1.33%), Hindustan Zinc (0.35%), Coal India (0.11%) and Bhushan Steel (0.09%).

Market Breadth

Market breadth was positive with 1,426 advances against 1,274 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 414.13 million. It was followed by United Spirits (Rs. 275.31 million), Reliance Industries (Rs. 246.98 million) and Oracle Financial Services Software (Rs. 205.85 million).

The volume chart was led by Cals Refineries with trades of over 11.56 million shares. It was followed by Deccan Chronicle Holdings (3.50 million), Lanco Infratech (1.44 million) and Power Grid Corporation Of India (1.42 million).

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