Indian equities continuedthe upward journey led by diesel price hike and the US Federal Reserve" third quantitative easing (QE3). Realty, metal and banking were leading the sectoral space.At 1.56 p.m., the Sensex was trading up 425.38 points or 2.36% at 18,446.54 with 26 components gaining. Meanwhile, the Nifty was trading higher by 130.20 points or 2.40% at 5,565.55 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
Reliance Industries contributed rise of 79.78 points in the Sensex. It was followed by ICICI Bank (68.74 points), Larsen & Toubro (42.86 points), Infosys (35.72 points) and Housing Development Finance Corporation (31.24 points).
However, ITC contributed fall of 11.16 points in the Sensex. It was followed by Tata Consultancy Services (3.55 points), Sun Pharmaceutical Industries (1.4 points), NTPC (0.1 points) and Bharti Airtel (2.21 points).
Biggest gainers in the 30-share index were Jindal Steel & Power (7.69%), Hindalco Industries (7.59%), ICICI Bank (5.17%), State Bank Of India (5.00%), Sterlite Industries (India) (4.98%), and Larsen & Toubro (4.62%).
On the other hand, ITC (0.63%), Sun Pharmaceutical Industries (0.41%), Tata Consultancy Services (0.36%), and NTPC (0.03%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 1.04% and 0.79% respectively.The major gainers in the BSE Midcap were Aban Offshore (2.36%), Alok Industries (2.01%), AIA Engineering (1.34%), Alstom India (1.32%) and ABG Shipyard (0.06%).The major gainers in the BSE Smallcap were Aanjaneya Lifecare (4.27%), Reliance MediaWorks (2.75%), Adhunik Metaliks (1.59%), Styrolution ABS (India) (1.37%) and A2Z Maintenance & Engineering Services (1.1%).
Sectors in Limelight
The Realty index was at 1,630.13, up by 71.53 points or by 4.59%. The major gainers were Anant Raj Industries (10.65%), Indiabulls Real Estate (7.96%), D L F (6.54%), Housing Development and Infrastructure (5.04%) and D B Realty (2.13%).
The Metal index was at 10,355.74, up by 408.16 points or by 4.10%. The major gainers were Jindal Steel & Power (7.69%), Hindalco Industries (7.59%), Hindustan Zinc (4.51%), Bhushan Steel (1.07%) and Coal India (0.49%).
The Bankex index was at 12,161.23, up by 457.53 points or by 3.91%. The major gainers were Bank Of Baroda(4.82%), Canara Bank (4.16%), Bank Of India (3.86%), H D F C Bank (1.78%) and Federal Bank (0.69%).
On the other hand, the HC index was at 7,572.22, down by 44.19 points or by 0.58%. The major losers were Cadila Healthcare (1.88%), Glaxo SmithKline Pharmaceuticals (1.17%), Divis Laboratories (0.77%), Aurobindo Pharma (0.54%) and Apollo Hospitals Enterprise (0.39%).
Market Breadth
Market breadth was positive with 1,514 advances against 1,335 declines.
Value and Volume Toppers
Godrej Consumer Products topped the value chart on the BSE with a turnover of Rs. 1,091.55 million. It was followed by State Bank Of India (Rs. 1,064.55 million), ICICI Bank (Rs. 667.19 million) and Reliance Industries (Rs. 574.94 million).
The volume chart was led by Transgene Biotek with trades of over 16.71 million shares. It was followed by Kingfisher Airlines (11.40 million), Spicejet (10.87 million) and Cals Refineries (5.21 million).
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