Sensex trades up 117 pts; RBI policy meet eyed
17th September 2012 11:18 AM
Indian equities continued to rise on Monday. At 10.06 a.m., the Sensex was trading up 117.25 points or 0.64% at 18,581.52 with 21 components gaining. Meanwhile, the Nifty was trading higher by 41.10 points or 0.74% at 5,618.75 with 36 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 155.63 points or 0.84% at 18,619.90, while the broad based NSE Nifty started with a rise of 54.10 points or 0.97%, at 5,631.75.
Reliance Industries contributed rise of 61.61 points in the Sensex. It was followed by I C I C I Bank (50.06 points), Larsen & Toubro (27.78 points), State Bank Of India (21.69 points) and Tata Motors (18.11 points).
However, I T C contributed fall of 43.25 points in the Sensex. It was followed by Infosys (33.96 points), Tata Consultancy Services (25.16 points), Hindustan Unilever (9.75 points) and Wipro (5.24 points).
Major gainers in the 30-share index were Jindal Steel & Power (3.83%), I C I C I Bank (3.74%), Maruti Suzuki India (3.54%), Reliance Industries (3.52%), State Bank Of India (3.45%), and Tata Motors (3.14%).
On the other hand, Dr Reddy"S Laboratories (2.92%), Tata Consultancy Services (2.51%), I T C (2.42%), Infosys (2.26%), Cipla (1.92%), and Wipro (1.81%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.82% and 0.94% respectively. The major gainers in the BSE Midcap were Alok Industries (3.17%), Alstom India (1.16%), Amara Raja Batteries (0.91%), A B G Shipyard (0.76%) and Aban Offshore (0.62%).The major gainers in the BSE Smallcap were Trident (4.99%), A2Z Maintenance & Engineering Services (1.76%), Styrolution ABS (India) (0.69%), Aanjaneya Lifecare (0.52%) and Aarti Industries (0.32%).
Sectors in Limelight
The Realty index was at 1,697.26, up by 64.21 points or by 3.93%. The major gainers were Indiabulls Real Estate (7.85%), D L F (3.74%), Anant Raj Industries (3.08%), D B Realty (0.83%) and Godrej Properties (0.59%).
The Bankex index was at 12,497.35, up by 308.51 points or by 2.53%. The major gainers were Canara Bank(5.09%), Bank Of Baroda (3.93%), Bank Of India (3.17%), Federal Bank (2.07%) and H D F C Bank (0.04%).
The Capital Goods index was at 10,275.64, up by 232.89 points or by 2.32%. The major gainers were Bharat Heavy Electricals (2.27%), BEML (1.67%), Alstom India (1.16%), A B B (0.82%) and Bharat Electronics (0.77%).
On the other hand, the IT index was at 6,063.44, down by 140.24 points or by 2.26%. The major losers were Hexaware Technologies (3.77%), H C L Technologies (3%), Infosys (2.26%), Oracle Financial Services Software (0.27%) and CORE Education and Technologies (0.07%).
Market breadth was positive with 1,315 advances against 656 declines.
Value and Volume Toppers
Spicejet topped the value chart on the BSE with a turnover of Rs. 530.45 million. It was followed by Reliance Industries (Rs. 367.50 million), State Bank Of India (Rs. 356.32 million) and Pantaloon Retail (India) (Rs. 314.39 million).
The volume chart was led by Spicejet with trades of over 13.64 million shares. It was followed by Kingfisher Airlines (11.03 million), Lanco Infratech (3.13 million) and Pantaloon Retail (India) (1.70 million).
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