Indian equities continued to trade on a buoyant note today boosted bydieselprice hike and the US Federal Reserve" third quantitative easing (QE3). Moreover, WPI August inflation came in at 7.55%. Both Sensex and Nifty were trading above 6-month high.
At 11.52 a.m., the Sensex was trading up 361.74 points or 2.01% at 18,382.90 with 29 components gaining. Meanwhile, the Nifty was trading higher by 115.35 points or 2.12% at 5,550.70 with 47 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 263.59 points or 1.46% at 18,284.75, while the broad based NSE Nifty started with a rise of 93.00 points or 1.71%, at 5,528.35.
Sensex Movers
ICICI Bank contributed rise of 64.42 points in the Sensex. It was followed by Reliance Industries (53.37 points), Larsen & Toubro (34.99 points), Infosys (28.65 points) and Housing Development Finance Corporation (28.01 points).
However, Tata Consultancy Services contributed fall of 3.68 points in the Sensex. It was followed by Sun Pharmaceutical Industries (0.85 points), Reliance Communications (1.29 points), Wipro (1.33 points) and Bharti Airtel (1.47 points).
Biggest gainers in the 30-share index were Hindalco Industries (6.72%), Jindal Steel & Power (5.48%), ICICI Bank (4.86%), State Bank Of India (4.23%), Tata Motors (4.13%), and Sterlite Industries (India) (3.97%).
On the other hand,Tata Consultancy Services (0.37%) was the onlyloser in the Sensex pack.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.89% and 0.81% respectively.The major gainers in the BSE Midcap were Alok Industries (2.19%), Aban Offshore (1.61%), Alstom India (1.58%), AIA Engineering (1.44%) and Amara Raja Batteries (0.69%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (1.91%), Adhunik Metaliks (1.59%), A2Z Maintenance & Engineering Services (1.27%), Styrolution ABS (India) (1.21%) and ABG Infralogistics (0.07%).
Sectors in Limelight
The Realty index was at 1,617.59, up by 58.99 points or by 3.78%. The major gainers were Indiabulls Real Estate (7.52%), DLF (5.78%), Anant Raj Industries (4.15%), DB Realty (1.35%) and Godrej Properties (0.45%).
The Bankex index was at 12,107.72, up by 404.02 points or by 3.45%. The major gainers were Bank Of Baroda(4.48%), Canara Bank (3.33%), Bank Of India (2.99%), Federal Bank (2.17%) and HDFC Bank (1.36%).
The Metal index was at 10,278.28, up by 330.70 points or by 3.32%. The major gainers were Hindalco Industries (6.72%), Jindal Steel & Power (5.48%), Hindustan Zinc (3.93%), Bhushan Steel (0.69%) and Coal India (0.42%).
On the other hand, the HC index was at 7,602.39, down by 14.02 points or by 0.18%. The major losers were Glenmark Pharmaceutical (2.24%), Divis Laboratories (1.05%), Cadila Healthcare (1.04%), Glaxo SmithKline Pharmaceuticals (0.99%) and Apollo Hospitals Enterprise (0.53%).
Market Breadth
Market breadth was positive with 1,522 advances against 1,104 declines.
Value and Volume Toppers
Godrej Consumer Products topped the value chart on the BSE with a turnover of Rs. 1,087.19 million. It was followed by State Bank Of India (Rs. 806.07 million), ICICI Bank (Rs. 503.03 million) and Larsen & Toubro (Rs. 322.01 million).
The volume chart was led by Transgene Biotek with trades of over 16.43 million shares. It was followed by Kingfisher Airlines (9.56 million), Spicejet (8.18 million) and Cals Refineries (4.41 million).
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