Indian marketscontinues to trade higherin afternoon session on Wednesday. IT, auto and consumer durables gained marginally.
Germany Constitutional Courthas rejected complaints against ESM (European Stability Mechanism) as largely unfounded. At 1.54 p.m., the Sensex was trading up 77.28 points or 0.43% at 17,930.23 with 18 components gaining. Meanwhile, the Nifty was trading higher by 20.90 points or 0.39% at 5,410.90 with 29 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.
Sensex Movers
Tata Motors contributed rise of 18.71 points in the Sensex. It was followed by Larsen & Toubro (15.87 points), Tata Consultancy Services (14.82 points), I T C (13.87 points) and Hindustan Unilever (9.74 points).
However, NTPC contributed fall of 5.31 points in the Sensex. It was followed by Bharat Heavy Electricals (4.67 points), Hindalco Industries (2.42 points), Bharti Airtel (1.93 points) and Hero Motocorp (1.92 points).
Major gainers in the 30-share index were Tata Motors (3.37%), Coal India (2.12%), Larsen & Toubro (1.76%), Dr Reddy"S Laboratories (1.75%), Tata Consultancy Services (1.53%), and Wipro (1.48%).
On the other hand, Bharat Heavy Electricals (2.26%), Jindal Steel & Power (2.01%), Cipla (1.89%), NTPC (1.58%), Hindalco Industries (1.42%), and Hero Motocorp (0.89%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.19% and 0.18% respectively.The major gainers in the BSE Midcap were Apollo Tyres (5.72%), Apollo Hospitals Enterprise (1.92%), Amtek India (0.92%), Hexaware Technologies (0.62%) and A B G Shipyard (0.4%).The major gainers in the BSE Smallcap were Aegis Logistics (2.4%), Advanta India (1.46%), Genesys International Corporation (0.91%), Styrolution ABS (India) (0.76%) and Trident (0.11%).
Sectors in Limelight
The IT index was at 6,085.44, up by 49.42 points or by 0.82%. The major gainers were Tech Mahindra (3.93%), Oracle Financial Services Software (0.63%), Hexaware Technologies (0.62%), H C L Technologies (0.4%) and Infosys (0.28%).
The Auto index was at 9,657.97, up by 76.41 points or by 0.80%. The major gainers were Tata Motors (3.37%), Ashok Leyland (2.4%), Bharat Forge (1.1%) and Maruti Suzuki India (0.47%).
The Consumer Durables index was at 6,529.97, up by 45.00 points or by 0.69%. The major gainers were Bajaj Electricals (2%), Rajesh Exports (1.89%), Titan Industries (0.87%), Videocon Industries (0.85%) and T T K Prestige (0.67%).
On the other hand, the Power index was at 1,864.42, down by 22.1 points or by 1.17%. The major losers were Crompton Greaves (2.78%), Bharat Heavy Electricals (2.26%), Reliance Infrastructure (1.55%), Adani Power (1.29%) and A B B (0.58%).
Market Breadth
Market breadth was negative with 1,398 advances against 1,355 declines.
Value and Volume Toppers
Siemens topped the value chart on the BSE with a turnover of Rs. 3,744.17 million. It was followed by Glaxo SmithKline Pharmaceuticals (Rs. 488.58 million), State Bank Of India (Rs. 462.25 million) and United Spirits (Rs. 416.85 million).
The volume chart was led by Cals Refineries with trades of over 7.25 million shares. It was followed by Siemens (5.55 million), Spicejet (4.61 million) and NOCIL (2.68 million).
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