Nifty settles above 5,600; Realty jumps 6.2%

17th September 2012 05:18 PM

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. Sensex Movers

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 (10.38 points).

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 (0.85%).

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 (4.15%).

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

Market breadth was positive with 1,663 advances against 1,294 declines.

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).

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