Indian equities ended with decent gains on Mondayled by realty,
capital goods and banking stocks.The market participants welcomed
the RBI"s decision to reduce CRRand the Govt decision to allow FDI
in multi-brand retail and civil aviation sector.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. At the close, the benchmark 30-share index, BSE Sensex
gained 78.04 pointsor 0.42% at 18,542.31 with 18 components
registering rise. Meanwhile, the broad based NSE Nifty climbed by
32.35 points or 0.58% at 5,610 with 30 components posting rise.
ICICI Bank contributed rise of 73.97 points in the Sensex. It
was followed by Reliance Industries (68.86 points), Larsen &
Toubro (42.28 points), State Bank Of India (33.59 points) and
Housing Development Finance Corporation (16.83 points).
However, ITC contributed fall of 95.47 points in the Sensex. It
was followed by Tata Consultancy Services (49.36 points), Infosys
(40.54 points), Hindustan Unilever (19.28 points) and HDFC Bank
Biggest gainers in the 30-share index were Jindal Steel &
Power (5.99%), ICICI Bank (5.39%), State Bank Of India (5.36%),
Larsen & Toubro (4.35%), Bharat Heavy Electricals (4.30%), and
Sterlite Industries (India) (4.16%).
On the other hand, ITC (5.48%), Tata Consultancy Services
(5.03%), Dr Reddy"S Laboratories (4.30%), Hindustan Unilever
(2.76%), Infosys (2.67%), and Coal India (2.05%) were the biggest
losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 1.14% and 1.13% respectively. The major
gainers in the BSE Midcap were Alok Industries (5.02%), Aban
Offshore (3.84%), Alstom India (0.94%), CORE Education and
Technologies (0.92%) and A I A Engineering (0.85%).The major
gainers in the BSE Smallcap were A2Z Maintenance & Engineering
Services (8.89%), Trident (3.13%), Advanta India (2.36%), Reliance
MediaWorks (2.12%) and A B G Infralogistics (1.42%).
Sectors in Limelight
The Realty index was at 1,734.50, up by 101.45 points or by
6.21%. The major gainers were Indiabulls Real Estate (8.66%), DLF
(6.46%), Anant Raj Industries (5.86%), D B Realty (1.31%) and
Godrej Properties (1.05%).
The Capital Goods index was at 10,418.30, up by 375.55 points or
by 3.74%. The major gainers were BEML (12.42%), ABB (3.1%), Bharat
Electronics (1.77%), Alstom India (0.94%) and AIA Engineering
The Bankex index was at 12,583.34, up by 394.50 points or by
3.24%. The major gainers were Bank Of Baroda(6.93%), Canara Bank
(5.81%), ICICI Bank (5.39%), Federal Bank (4.77%) and Bank Of India
On the other hand, the FMCG index was at 5,208.61, down by
198.01 points or by 3.66%. The major losers were ITC (5.48%),
Hindustan Unilever (2.76%), Colgate-Palmolive (India) (2.53%),
Dabur India (2.32%) and Godrej Consumer Products (0.27%).
Market breadth was positive with 1,663 advances against 1,294
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 2,484.18 million. It was followed by Spicejet (Rs.
1,154.57 million), Reliance Industries (Rs. 972.11 million) and
ICICI Bank (Rs. 956.18 million).
The volume chart was led by Spicejet with trades of over 29.91
million shares. It was followed by Kingfisher Airlines (12.02
million), Lanco Infratech (10.44 million) and Housing Development
and Infrastructure (7.49 million).