Indian markets pared some of its earlier gains on Monday following the RBI mid-quarter policy review. At 11.25 am, the Sensex was trading up 66.17 points or 0.36% at 18,530.44 with 19 components gaining. Meanwhile, the Nifty was trading higher by 22.80 points or 0.41% at 5,600.45 with 33 components gaining. India"s central bank slashed cash reserve ratio (CRR) by 25 bps in its mid-quarter policy review on Monday. The RBI left key lending and borrowing rates unchanged suggesting inflation continues to be its top priority. It kept repo and reverse repo rates unchanged at 8% and 7% respectively, while CRR reduced to 4.5% from 4.75% earlier.
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.
Sensex Movers
I C I C I Bank contributed rise of
56.22 points in the Sensex. It was followed by Reliance Industries
(38.5 points), Larsen & Toubro (32.03 points), State Bank Of
India (16.67 points) and Tata Motors (16.15 points).
However, I T C contributed fall of 56.73 points in the Sensex. It was followed by Infosys (34.95 points), Tata Consultancy Services (30.16 points), H D F C Bank (10.99 points) and Wipro (5.97 points).
Major gainers in the 30-share index were I C I C I Bank (4.21%), Jindal Steel & Power (3.76%), Larsen & Toubro (3.44%), Maruti Suzuki India (3.27%), Tata Motors (2.81%), and State Bank Of India (2.66%).
On the other hand, I T C (3.19%), Tata Consultancy Services (3.01%), Dr Reddy"S Laboratories (2.75%), Infosys (2.33%), Wipro (2.06%), and Cipla (1.49%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.54% and 0.70% respectively. The major gainers in the BSE Midcap were Alok Industries (3%), Alstom India (1%), Aban Offshore (0.29%), CORE Education and Technologies (0.22%) and A B G Shipyard (0.04%).The major gainers in the BSE Smallcap were Trident (3.36%), A2Z Maintenance & Engineering Services (1.34%), Reliance MediaWorks (0.98%), A B G Infralogistics (0.75%) and Advanta India (0.31%).
Sectors in Limelight
The Realty index was at 1,699.83, up by 66.78 points or by 4.09%. The major gainers were Housing Development and Infrastructure (9.92%), Indiabulls Real Estate (4.49%), D L F (3.71%), Godrej Properties (1.42%) and Anant Raj Industries (1.13%).
The Capital Goods index was at 10,308.47, up by 265.72 points or by 2.65%. The major gainers were BEML (3.38%), Bharat Heavy Electricals (2.27%), Bharat Electronics (1.07%), Alstom India (1%) and A B B (0.52%).
The Bankex index was at 12,419.72, up by 230.88 points or by 1.89%. The major gainers were I C I C I Bank (4.21%), Canara Bank (4.18%), Bank Of Baroda (3.6%), Federal Bank (2.51%) and Bank Of India (2.04%).
On the other hand, the IT index was at 6,049.22, down by 154.46 points or by 2.49%. The major losers were Hexaware Technologies (5.46%), H C L Technologies (2.66%), Infosys (2.33%), Tech Mahindra (2.09%) and Oracle Financial Services Software (0.23%).
Market Breadth
Market breadth was positive with 1,444 advances against 1,031 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,181.70 million. It was followed by Spicejet (Rs. 712.88 million), Reliance Industries (Rs. 506.95 million) and I C I C I Bank (Rs. 458.18 million).
The volume chart was led by Spicejet with trades of over 18.44 million shares. It was followed by Kingfisher Airlines (11.55 million), Lanco Infratech (5.78 million) and Housing Development and Infrastructure (3.94 million).
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