Sensex trades flat; Oil & Gas, CG, PSU rise
13th September 2012 02:18 PM
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 metal stocksdecline.
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 components gaining.
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 (0.58%).
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 declines.
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 million).
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