Sensex gains 118 points; Realty spikes 6%

17th September 2012 03:18 PM

Indian equities continue to trade on a firm note led by realty, capital goods andbanking stocks. At 1.53 p.m., the Sensex was trading up 117.59 points or 0.64% at 18,581.86 with 17 components gaining. Meanwhile, the Nifty was trading higher by 41.65 points or 0.75% at 5,619.30 with 30 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.

Sensex Movers

ICICI Bank contributed rise of 72.49 points in the Sensex. It was followed by Reliance Industries (70.15 points), Larsen & Toubro (47.8 points), State Bank Of India (29.2 points) and Tata Motors (27.81 points).

However, ITC contributed fall of 94.82 points in the Sensex. It was followed by Infosys (39.36 points), Tata Consultancy Services (36.92 points), Hindustan Unilever (17.85 points) and Oil & Natural Gas Corporation (5.31 points).

Biggest gainers in the 30-share index were Jindal Steel & Power (6.49%), ICICI Bank (5.41%), Larsen & Toubro (5.11%), Tata Motors (4.83%), Bharat Heavy Electricals (4.69%), and State Bank Of India (4.65%).

On the other hand, ITC (5.32%), Dr Reddy"s Laboratories (3.72%), Tata Consultancy Services (3.68%), Infosys (2.62%), Hindustan Unilever (2.48%), and Coal India (1.97%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.98% and 0.91% respectively. The major gainers in the BSE Midcap were Alok Industries (5.37%), Aban Offshore (1.21%), ABG Shipyard (0.47%), Alstom India (0.12%) and CORE Education and Technologies (0.01%).The major gainers in the BSE Smallcap were Reliance MediaWorks (3.55%), A2Z Maintenance & Engineering Services (2.51%), Trident (2.09%), Advanta India (1.34%) and Adhunik Metaliks (0.17%).

Sectors in Limelight

The Realty index was at 1,734.46, up by 101.41 points or by 6.21%. The major gainers were Indiabulls Real Estate (7.75%), D L F (7.06%), Anant Raj Industries (4.83%), D B Realty (1.31%) and Godrej Properties (0.65%).

The Capital Goods index was at 10,456.70, up by 413.95 points or by 4.12%. The major gainers were BEML (8.78%), Bharat Heavy Electricals (4.69%), ABB (2.67%), Bharat Electronics (0.98%) and Alstom India (0.12%).

The Bankex index was at 12,574.86, up by 386.02 points or by 3.17%. The major gainers were ICICI Bank (5.41%), Canara Bank (4.92%), Bank Of Baroda (4.83%), Federal Bank (3.73%) and Bank Of India (3.61%).

On the other hand, the FMCG index was at 5,216.92, down by 189.7 points or by 3.51%. The major losers were ITC (5.32%), Dabur India (2.52%), Colgate-Palmolive (India) (2.5%), Hindustan Unilever (2.48%) and Godrej Consumer Products (1.92%).

Market Breadth

Market breadth was positive with 1,484 advances against 1,317 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,789.44 million. It was followed by Spicejet (Rs. 897.99 million), Reliance Industries (Rs. 762.33 million) and ICICI Bank (Rs. 723.77 million).

The volume chart was led by Spicejet with trades of over 23.05 million shares. It was followed by Kingfisher Airlines (11.91 million), Lanco Infratech (8.27 million) and Housing Development and Infrastructure (5.32 million).

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