Sensex trades up 61 points; Tata Motors surges 3%
12th September 2012 02:18 PM
Indian equitiescontinue to trade higher in afternoon trade on Wednesday ledby IT, auto and tech stocks. At 12.54 p.m, the Sensex was trading up 60.74 points or 0.34% at 17,913.69 with 17 components gaining. Meanwhile, the Nifty was trading higher by 15.05 points or 0.28% at 5,405.05 with 26 components gaining.
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.
Tata Consultancy Services contributed rise of 16.72 points in the Sensex. It was followed by Tata Motors (16.69 points), Larsen & Toubro (13.45 points), Hindustan Unilever (7.9 points) and HDFC Bank (7.5 points).
However, Bharat Heavy Electricals contributed fall of 4.31 points in the Sensex. It was followed by Housing Development Finance Corporation (3.62 points), NTPC (2.8 points), Hero Motocorp (2.55 points) and Bharti Airtel (2.01 points).
Biggest gainers in the 30-share index were Tata Motors (3%), Coal India (2.19%), Dr Reddy"s Laboratories (1.83%), Tata Consultancy Services (1.73%), Larsen & Toubro (1.49%), and Wipro (1.37%).
On the other hand, Jindal Steel & Power (2.89%), Bharat Heavy Electricals (2.09%), Cipla (1.66%), Hero Motocorp (1.18%), Hindalco Industries (1.05%), and NTPC (0.83%) were the biggest losers in the Sensex.
Mid & Small-cap Space
BSE Midcap and Smallcap index rose 0.32% and 0.45% respectively.
Sectors in Limelight
The IT index was at 6,089.30, up by 53.28 points or by 0.88%. The major gainers were Tech Mahindra (3.13%), Oracle Financial Services Software (0.46%), Infosys (0.38%), HCL Technologies (0.34%) and Hexaware Technologies (0.11%).
The TECk index was at 3,443.75, up by 23.42 points or by 0.68%. The major gainers were Dish TV India (0.84%), Oracle Financial Services Software (0.46%), Infosys (0.38%), H C L Technologies (0.34%) and D B Corp (0.23%).
On the other hand, the Power index was at 1,866.72, down by 19.8 points or by 1.05%. The major losers were Crompton Greaves (2.65%), Bharat Heavy Electricals (2.09%), Reliance Infrastructure (1.76%), Adani Power (1.05%) and A B B (0.45%).
Market breadth was positive with 1,424 advances against 1,231 declines.
Value and Volume Toppers
Siemens topped the value chart on the BSE with a turnover of Rs. 3,657.85 million. It was followed by Glaxo SmithKline Pharmaceuticals (Rs. 498.43 million), Andhra Pradesh Paper Mills (Rs. 395.42 million) and United Spirits (Rs. 359.45 million).
The volume chart was led by Cals Refineries with trades of over 5.77 million shares. It was followed by Siemens (5.41 million), Spicejet (4.09 million) and NOCIL (2.52 million).
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