Sensex, Nifty up 0.5%; capital goods, consumer durables lead - The New Indian Express

Sensex, Nifty up 0.5%; capital goods, consumer durables lead

Published: 23rd April 2014 02:18 PM

Last Updated: 23rd April 2014 02:18 PM

Indian equities continued to trade higher on Wednesday due toshort covering. Both Sensex and Nifty touched a new record high for the third consecutive week. Capital goods and consumer durable stocks witnessed a rise whereas realty stocks registered a fall.

At 1.29 p.m., the Sensex was trading up 115.81 points or 0.51% at 22,874.18 with 22 components gaining. Meanwhile, the Nifty was trading higher by 31.15 points or 0.46% at 6,846.50 with 33 components gaining.

Sensex Movers

Larsen & Toubro contributed rise of 27.08 points in the Sensex. It was followed by I C I C I Bank (16.58 points), Infosys (15.58 points), I T C (7.36 points) and Mahindra & Mahindra (6.69 points).

However, Housing Development Finance Corporation contributed fall of 3.15 points in the Sensex. It was followed by NTPC (2.73 points), Tata Consultancy Services (2.33 points), D L F (2.15 points) and Tata Motors (1.58 points).

Major gainers in the 30-share index were Larsen & Toubro (2.36%), Bharat Heavy Electricals (1.42%), G A I L (India) (1.31%), Sun Pharmaceutical Industries (1.15%), Bharti Airtel (1.15%), and Mahindra & Mahindra (1.14%).

On the other hand, NTPC (0.65%), Tata Motors (0.21%), Tata Consultancy Services (0.19%), Housing Development Finance Corporation (0.18%), Bajaj Auto (0.14%), and Oil & Natural Gas Corporation (0.08%) were the major losers in the Sensex.

Sectors in Limelight

The Capital Goods index was at 12,768.18, up by 194.88 points or by 1.55%. The major gainers were Bharat Heavy Electricals (1.42%), BEML (1.42%), A B B India (0.42%), Bharat Electronics (0.15%) and A I A Engineering (0.12%).

The Consumer Durables index was at 6,729.97, up by 67.29 points or by 1.01%. The major gainers were Titan Company (1.67%), Blue Star (1.35%), Rajesh Exports (1.14%), Gitanjali Gems (1.14%) and Whirlpool Of India (0.2%).

On the other hand, the Realty index was at 1,477.98, down by 4.23 points or by 0.29%. The major losers were Phoenix Mills (6.32%), D L F (1.62%), Oberoi Realty (1.01%) and Anant Raj (0.59%).

Market Breadth

Market breadth was negative with 1,450 advances against 1,166 declines.

Value and Volume Toppers

Larsen & Toubro topped the value chart on the BSE with a turnover of Rs. 445.62 million. It was followed by Future Retail (Rs. 262.14 million), State Bank Of India (Rs. 239.35 million) and Tata Consultancy Services (Rs. 227.94 million).

The volume chart was led by Unitech with trades of over 3.92 million shares. It was followed by Suzlon Energy (3.70 million), Cals Refineries (2.54 million) and R E I Agro (2.47 million).

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