Sensex surges 443 points on diesel price hike, QE3
Published: 14th September 2012 05:18 PM
Last Updated: 14th September 2012 05:18 PM
Indian equities settled on a buoyant note on Friday boosted by
diesel price hike and the US Federal Reserve"s third quantitative
easing (QE3).Themarket had ignored WPI August inflation,
whichclimbed above7.50% from 6.87% last month. Post noon, strong
European market opening added fuel to the sentiment. Realty, metal
and banking stocks led the advance.
At the close, the benchmark 30-share index, BSE Sensex added
443.11 points or 2.46% at 18,464.27 with 24 components registering
rise. Meanwhile, the broad based NSE Nifty went up by 142.30
pointsor 2.62% at 5,577.65 with 40 components registering
Reliance Industries contributed rise of 93.04 points in the
Sensex. It was followed by ICICI Bank (66.17 points), Infosys
(47.38 points), Larsen & Toubro (45.26 points) and State Bank
Of India (34.46 points).
However, I T C contributed fall of 10.52 points in the Sensex.
It was followed by NTPC (5.59 points), Oil & Natural Gas
Corporation (2.69 points), Tata Consultancy Services (2.43 points)
and Sun Pharmaceutical Industries (0.5 points).
Major gainers in the 30-share index were Jindal Steel &
Power (8.83%), Hindalco Industries (8.00%), State Bank Of India
(5.52%), Reliance Industries (5.35%), ICICI Bank (4.97%), and
Larsen & Toubro (4.87%).
On the other hand, NTPC (1.61%), Dr Reddy"S Laboratories
(1.59%), ITC (0.59%), Oil & Natural Gas Corporation (0.37%),
Tata Consultancy Services (0.24%), and Cipla (0.12%) were the
biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts gaining 0.88% and 0.45% respectively.The major gainers
in the BSE Midcap were Alok Industries (3.56%), AIA Engineering
(2.21%), Aban Offshore (0.98%), Alstom India (0.79%) and A B G
Shipyard (0.33%).The major gainers in the BSE Smallcap were
Aanjaneya Lifecare (5.32%), Adhunik Metaliks (1.59%), Styrolution
ABS (India) (1.33%), A2Z Maintenance & Engineering Services
(0.76%) and Action Construction Equipment (0.19%).
Sectors in Limelight
The Realty index was at 1,633.05, up by 74.45 points or by
4.78%. The major gainers were Anant Raj Industries (9.08%), DLF
(7.49%), Indiabulls Real Estate (6.98%), Housing Development and
Infrastructure (4.54%) and D B Realty (2.62%).
The Metal index was at 10,370.27, up by 422.69 points or by
4.25%. The major gainers were Jindal Steel & Power (8.83%),
Hindalco Industries (8%), Hindustan Zinc (4.32%), Bhushan Steel
(1.74%) and Coal India (0.67%).
The Bankex index was at 12,188.84, up by 485.14 points or by
4.15%. The major gainers were Bank Of Baroda(5.94%), Canara Bank
(5.06%), Bank Of India (3.53%), HDFC Bank (2.38%) and Federal Bank
On the other hand, the HC index was at 7,521.99, down by 94.42
points or by 1.24%. The major losers were Cadila Healthcare
(2.29%), Aurobindo Pharma (1.83%), Divis Laboratories (1%), Cipla
(0.12%) and Biocon (0.07%).
Market breadth was negative with 1,529 advances against 1,455
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 1,486.34 million. It was followed by Godrej
Consumer Products (Rs. 1,107.00 million), ICICI Bank (Rs. 920.30
million) and United Spirits (Rs. 698.73 million).
The volume chart was led by Transgene Biotek with trades of over
18.48 million shares. It was followed by Kingfisher Airlines (16.89
million), Spicejet (15.45 million) and Housing Development and
Infrastructure (3.85 million).