Market ignores July IIP; Sensex trades up 61 points
Published: 12th September 2012 11:18 AM
Last Updated: 12th September 2012 11:18 AM
Indian markets continue to trade in the positive terrain amid
mixed Asian peers. July IIP data came in at 0.1% as against
marketexpectations of 0.51% growth. In June IIP contracted 1.81%.
Auto, banking and realty stocks traded marginally higher.
At 10.55 a.m., the Sensex was trading up 61.08 points or 0.34%
at 17,914.03 with 18 components gaining. Meanwhile, the Nifty was
trading higher by 18.00 points or 0.33% at 5,408.00 with 30
The 30-share benchmark index, BSE Sensex opened with a gain of
63.18 points or 0.35% at 17,916.13, while the broad based NSE Nifty
started with a rise of 14.45 points or 0.27%, at 5,404.45.
Asian stocks are trading mixed on Wednesday as the Fed policy
meeting, starting today, will be keenly watched to see whether the
U.S. central bank introduces stimulus measures to help the domestic
Tata Motors contributed rise of 16.46 points in the Sensex. It
was followed by ICICI Bank (13.73 points), Tata Consultancy
Services (8.31 points), Larsen & Toubro (7.3 points) and
Hindustan Unilever (6.33 points).
However, Bharti Airtel contributed fall of 4.09 points in the
Sensex. It was followed by Hero Motocorp (2 points), Bharat Heavy
Electricals (1.38 points), Reliance Communications (1.3 points) and
Hindalco Industries (0.86 points).
Biggest gainers in the 30-share index were Tata Motors (2.96%),
Coal India (2.60%), Wipro (1.11%), ICICI Bank (1.06%), Hindustan
Unilever (0.91%), and Tata Steel (0.86%).
On the other hand, Jindal Steel & Power (3.51%), Cipla
(1.78%), Bharti Airtel (1.01%), Hero Motocorp (0.93%), Bharat Heavy
Electricals (0.67%), and Hindalco Industries (0.50%) were the major
losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.50% and 0.63% respectively. The major
gainers in the BSE Midcap were A B G Shipyard (1.44%), A I A
Engineering (0.97%), Alstom India (0.72%), Alok Industries (0.43%)
and CORE Education and Technologies (0.41%).The major gainers in
the BSE Smallcap were Advanta India (2.43%), Styrolution ABS
(India) (1.56%), Adhunik Metaliks (0.88%), Trident (0.69%) and
Aanjaneya Lifecare (0.02%).
Sectors in Limelight
The Auto index was at 9,671.55, up by 89.99 points or by 0.94%.
The major gainers were Bharat Forge (2.18%), Ashok Leyland (1.68%),
Maruti Suzuki India (0.7%), Cummins India (0.42%) and Bajaj Auto
The IPO index was at 1,532.01, up by 13.19 points or by 0.87%.
The major gainers were Electrosteel Steels (2.61%), Coal India
(2.6%), Commercial Engineers and Body Builders Company (1.72%),
Bedmutha Industries (0.77%) and Claris Lifesciences (0.52%).
The Realty index was at 1,564.24, up by 9.94 points or by 0.64%.
The major gainers were Godrej Properties (1.97%), Indiabulls Real
Estate (1.33%), Housing Development and Infrastructure (1.01%), D L
F (0.97%) and Anant Raj Industries (0.44%).
On the other hand, the Power index was at 1,878.06, down by 8.46
points or by 0.45%. The major losers were Adani Power (1.05%),
Reliance Infrastructure (0.68%), Crompton Greaves (0.67%), Bharat
Heavy Electricals (0.67%) and A B B (0.27%).
Market breadth was positive with 1,484 advances against 828
Value and Volume Toppers
Siemens topped the value chart on the BSE with a turnover of Rs.
3,559.54 million. It was followed by Glaxo SmithKline
Pharmaceuticals (Rs. 496.65 million), United Spirits (Rs. 251.80
million) and Tata Motors (Rs. 165.30 million).
The volume chart was led by Siemens with trades of over 5.25
million shares. It was followed by Spicejet (2.74 million), NOCIL
(2.26 million) and I F C I (1.43 million).