Indian markets continue to trade higheron Thursdaynoon. The BSE Midcap and Smallcap outperformed both Sensex and Nifty. Oil & Gas and PSU stocks gained the most followed by capital goods and consumer durables.
At 12 noon., the Sensex was trading up 50.51 points or 0.28% at 18,050.54 with 18 components gaining. Meanwhile, the Nifty was trading higher by 9.30 points or 0.17% at 5,440.30 with 30 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 23.92 points or 0.13% at 18,023.95, while the broad based NSE Nifty began flat with a gain of 4.20 points or 0.08%, at 5,435.20.
Sensex Movers
ICICI Bank contributed rise of 16.39
points in the Sensex. It was followed by Oil & Natural Gas
Corporation (15.21 points), Reliance Industries (14.07 points),
Larsen & Toubro (10.48 points) and State Bank Of India (6.76
points).
However, Housing Development Finance Corporation contributed fall of 14.87 points in the Sensex. It was followed by Bharti Airtel (6.38 points), Tata Motors (3.83 points), Mahindra & Mahindra (2.19 points) and Infosys (1.7 points).
Biggest gainers in the 30-share index were Oil & Natural Gas Corporation (2.14%), Hero Motocorp (2.09%), Bharat Heavy Electricals (1.64%), Bajaj Auto (1.47%), G A I L (India) (1.31%), and I C I C I Bank (1.26%).
On the other hand, Cipla (2.84%), Bharti Airtel (1.57%), Housing Development Finance Corporation (1.13%), Tata Motors (0.68%), Sterlite Industries (India) (0.58%), and Jindal Steel & Power (0.55%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.42% and 0.29% respectively. The major gainers in the BSE Midcap were A I A Engineering (1.07%), Aban Offshore (0.62%), Alok Industries (0.52%), Amara Raja Batteries (0.05%) and A B G Shipyard (0.03%).The major gainers in the BSE Smallcap were Aarti Industries (1.44%), A2Z Maintenance & Engineering Services (1.41%), Trident (1.26%), Adhunik Metaliks (1.06%) and Reliance MediaWorks (0.7%).
Sectors in Limelight
The Oil & Gas index was at 8,530.89, up by 94.56 points or by 1.12%. The major gainers were Bharat Petroleum Corporation (1.75%), Hindustan Petroleum Corporation (1.7%), G A I L (India) (1.31%), Indian Oil Corporation (1.19%) and Gujarat State Petronet (0.64%).
The PSU index was at 7,148.48, up by 77.03 points or by 1.09%. The major gainers were Bharat Petroleum Corporation (1.75%), Bharat Heavy Electricals (1.64%), Allahabad Bank (0.7%), Andhra Bank (0.66%) and Bank Of India (0.65%).
The Capital Goods index was at 9,750.80, up by 87.44 points or by 0.90%. The major gainers were Bharat Heavy Electricals (1.64%), Larsen & Toubro (1.15%), A I A Engineering (1.07%), Havell"S India (0.68%) and Lakshmi Machine Works (0.13%).
On the other hand, the HC index was at 7,651.18, down by 54.16 points or by 0.7%. The major losers were Cipla (2.84%), Divis Laboratories (1.62%), Glaxo SmithKline Pharmaceuticals (1.22%), Biocon (1.13%) and Cadila Healthcare (0.34%).
Market Breadth
Market breadth was positive with 1,323 advances against 1,164 declines.
Value and Volume Toppers
Oracle Financial Services Software topped the value chart on the BSE with a turnover of Rs. 379.05 million. It was followed by United Spirits (Rs. 362.83 million), State Bank Of India (Rs. 267.36 million) and Videocon Industries (Rs. 176.90 million).
The volume chart was led by Spicejet with trades of over 3.92 million shares. It was followed by TV18 Broadcast (3.28 million), Cals Refineries (2.65 million) and Deccan Chronicle Holdings (1.97 million).
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