Indian equities continue to trade flat withpositive biason
Thursdayafternoon amid subdued global markets. Oil & gas,
capital goods and PSU stocks led the advance, while healthcare and
At 1.55 p.m., the Sensex was trading up 20.02 points or 0.11% at
18,020.05 with 16 components gaining. Meanwhile, the Nifty was
trading higher by 3.90 points or 0.07% at 5,434.90 with 26
European stocks slippedahead ofFederal Reserve policy meeting
that may include an announcement of further stimulus measures.
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.
ICICI Bank contributed rise of 13.42 points in the Sensex. It
was followed by Oil & Natural Gas Corporation (11.01 points),
Larsen & Toubro (8.04 points), Reliance Industries (6.39
points) and Hindustan Unilever (6.34 points).
However, Housing Development Finance Corporation contributed
fall of 11.2 points in the Sensex. It was followed by Bharti Airtel
(8.93 points), HDFC Bank (5.35 points), Tata Motors (4.78 points)
and Mahindra & Mahindra (3.96 points).
Biggest gainers in the 30-share index were Hero Motocorp
(2.20%), Bharat Heavy Electricals (1.67%), Oil & Natural Gas
Corporation (1.55%), Bajaj Auto (1.35%), GAIL (India) (1.24%), and
ICICI Bank (1.03%).
On the other hand, Cipla (2.38%), Bharti Airtel (2.20%),
Sterlite Industries (India) (1.21%), Jindal Steel & Power
(1.14%), Mahindra & Mahindra (0.94%), and Tata Motors (0.86%)
were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts gaining 0.05% and 0.06% respectively.The major gainers
in the BSE Midcap were Apollo Hospitals Enterprise (1.4%), Apollo
Tyres (1.01%), A I A Engineering (0.56%), Aban Offshore (0.26%) and
Amara Raja Batteries (0.25%).The major gainers in the BSE Smallcap
were Aegis Logistics (1.69%), Aarti Industries (1.38%), Trident
(1.26%), Advanta India (0.64%) and Reliance MediaWorks (0.62%).
Sectors in Limelight
The Oil & Gas index was at 8,494.47, up by 58.14 points or
by 0.69%. The major gainers were Bharat Petroleum Corporation
(1.9%), Hindustan Petroleum Corporation (1.55%), GAIL (India)
(1.24%), Indian Oil Corporation (0.91%) and Gujarat State Petronet
The PSU index was at 7,118.71, up by 47.26 points or by 0.67%.
The major gainers were Dena Bank(2.08%), Bharat Petroleum
Corporation (1.9%), Bharat Heavy Electricals (1.67%), Corporation
Bank (1.27%) and Container Corporation Of India (1.03%).
The Capital Goods index was at 9,728.27, up by 64.91 points or
by 0.67%. The major gainers were Bharat Heavy Electricals (1.67%),
Lakshmi Machine Works (1.54%), Larsen & Toubro (0.89%), A I A
Engineering (0.56%) and Havell"S India (0.33%).
On the other hand, the HC index was at 7,631.63, down by 73.71
points or by 0.96%. The major losers were Cipla (2.38%), Biocon
(1.9%), Cadila Healthcare (1.69%), Divis Laboratories (1.61%) and
Aurobindo Pharma (0.15%).
Market breadth was negative with 1,228 advances against 1,490
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover
of Rs. 534.50 million. It was followed by United Breweries (Rs.
385.52 million), Oracle Financial Services Software (Rs. 383.94
million) and State Bank Of India (Rs. 383.10 million).
The volume chart was led by Spicejet with trades of over 6.43
million shares. It was followed by TV18 Broadcast (4.72 million),
Kingfisher Airlines (3.57 million) and Cals Refineries (3.06