Indian markets gained further groundpost noon today aided by the US Federal Reserve"s third quantitative easing (QE3) and diesel price hike. Even opening of strong European market added fuel to the sentiment.Both Sensex and Nifty were trading above 6-month high.
European stocks advanced to their highest level in 14 months after the Federal Reserve said it will buy mortgage-backed securities to encourage economic growth in the worldâ™s largest economy. U.S. index futures and Asian shares also climbed...
At 12.48 p.m., the Sensex was trading up 380.39 points or 2.11% at 18,401.55 with 26 components gaining. Meanwhile, the Nifty was trading higher by 119.75 points or 2.20% at 5,555.10 with 42 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 70.09 points in the Sensex. It was followed by Reliance Industries (62 points), Larsen & Toubro (36.66 points), Housing Development Finance Corporation (29.92 points) and Infosys (28.18 points).
However, Tata Consultancy Services contributed fall of 7.3 points in the Sensex. It was followed by ITC (2.29 points), Sun Pharmaceutical Industries (0.23 points),and Wipro (1.63 points).
Major gainers in the 30-share index were Hindalco Industries (7.18%), Jindal Steel & Power (5.86%), ICICI Bank (5.28%), State Bank Of India (4.45%), Tata Steel (4.43%), and Sterlite Industries (India) (4.40%).
On the other hand, Tata Consultancy Services (0.73%), ITC (0.13%), and Sun Pharmaceutical Industries (0.07%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.96% and 0.78% respectively.The major gainers in the BSE Midcap were Aban Offshore (2.82%), Alok Industries (2.65%), AIA Engineering (1.44%), Alstom India (1.05%) and ABG Shipyard (0.27%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (2.95%), Adhunik Metaliks (1.42%), A2Z Maintenance & Engineering Services (1.27%), Styrolution ABS (India) (0.57%) and A B G Infralogistics (0.07%).
Sectors in Limelight
The Realty index was at 1,626.68, up by 68.08 points or by 4.37%. The major gainers were Indiabulls Real Estate (7.74%), DLF (6.59%), Anant Raj Industries (4.71%), DB Realty (1.7%) and Godrej Properties (0.26%).
The Bankex index was at 12,136.88, up by 433.18 points or by 3.70%. The major gainers were Bank Of Baroda(4.75%), Bank Of India (3.8%), Canara Bank (3.64%), Federal Bank (1.55%) and HDFC Bank (1.48%).
The Metal index was at 10,313.68, up by 366.10 points or by 3.68%. The major gainers were Hindalco Industries (7.18%), Jindal Steel & Power (5.86%), Hindustan Zinc (4.16%), Bhushan Steel (1.13%) and Coal India (0.51%).
On the other hand, the HC index was at 7,585.61, down by 30.8 points or by 0.4%. The major losers were Glenmark Pharmaceutical (2.98%), Cadila Healthcare (1.7%), Glaxo SmithKline Pharmaceuticals (1.08%), Divis Laboratories (0.88%) and Apollo Hospitals Enterprise (0.24%).
Market Breadth
Market breadth was positive with 1,475 advances against 1,251 declines.Value and Volume Toppers
Godrej Consumer Products topped the value chart on the BSE with a turnover of Rs. 1,094.41 million. It was followed by State Bank Of India (Rs. 873.93 million), ICICI Bank (Rs. 599.93 million) and Reliance Industries (Rs. 411.83 million).
The volume chart was led by Transgene Biotek with trades of over 16.71 million shares. It was followed by Kingfisher Airlines (10.53 million), Spicejet (9.45 million) and Cals Refineries (4.84 million).
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