Sensex, Nifty up over 1%; Hindalco, ICICI Bank surge - The New Indian Express

Sensex, Nifty up over 1%; Hindalco, ICICI Bank surge

Published: 04th March 2014 02:18 PM

Last Updated: 04th March 2014 02:18 PM

Indian equities gained further groundin the post noon trade on Tuesday on Tuesday after FIIs were net buyers on Monday, despite a major selloff in emerging markets over military tensions in Ukraine. Metal, consumer durables and banking witnessed a rise whereas healthcare stocks registered a fall.. Metal and banking stocks witnessed a rise whereas healthcare stocks registered a fall.

At 1.19 p.m., the Sensex was trading up 237.91 points or 1.14% at 21,184.56 with 28 components gaining. Meanwhile, the Nifty was trading higher by 74.75 points or 1.20% at 6,296.20 with 45 components gaining.

Sensex Movers

I C I C I Bank contributed rise of 57.22 points in the Sensex. It was followed by I T C (21.81 points), Reliance Industries (19.43 points), Housing Development Finance Corporation (18.09 points) and Larsen & Toubro (12.94 points).

However, Jaiprakash Associates contributed fall of 2.12 points in the Sensex. It was followed by Sun Pharmaceutical Industries (1.31 points), D L F (0.97 points), Sterlite Industries (India) (0 points) and Wipro (1.44 points).

Major gainers in the 30-share index were Hindalco Industries (4.60%), I C I C I Bank (3.38%), G A I L (India) (2.60%), Bharat Heavy Electricals (2.12%), Tata Power Company (1.92%), and Hindustan Unilever (1.56%).

On the other hand,Sun Pharmaceutical Industries (0.26%) was theonly loser in the Sensex pack.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 1.02% and 0.82% respectively.The major gainers in the BSE Midcap were Allcargo Logistics (4.28%), A I A Engineering (2.53%), Allahabad Bank (2.47%), Aban Offshore (2.29%) and Alstom India (0.49%).The major gainers in the BSE Smallcap were Adhunik Metaliks (3.73%), Action Construction Equipment (3.39%), Styrolution ABS (India) (2.63%), Trident (2.44%) and Aarti Industries (0.41%).

Sectors in Limelight

The Metal index was at 8,825.81, up by 177.80 points or by 2.06%. The major gainers were Hindalco Industries (4.6%), Hindustan Zinc (2.68%), Jindal Steel & Power (1.14%), Coal India (0.88%) and Bhushan Steel (0.32%).

The Bankex index was at 12,411.15, up by 230.48 points or by 1.89%. The major gainers were Bank Of Baroda(3.54%), Bank Of India (2.68%), Canara Bank (2.16%), H D F C Bank (0.37%) and Federal Bank (0.19%).

On the other hand, the HC index was at 10,665.85, down by 5.91 points or by 0.06%. The major losers were Glaxo SmithKline Pharmaceuticals (2.88%), Ipca Laboratories (0.87%), Cadila Healthcare (0.64%), Glenmark Pharmaceutical (0.57%) and Apollo Hospitals Enterprise (0.48%).

Market Breadth

Market breadth was negative with 1,431 advances against 1,079 declines.

Value and Volume Toppers

Reliance Communications topped the value chart on the BSE with a turnover of Rs. 802.20 million. It was followed by Tata Elxsi (Rs. 477.30 million), Astrazeneca Pharma India (Rs. 209.46 million) and Tata Sponge Iron (Rs. 198.28 million).

The volume chart was led by Reliance Communications with trades of over 7.15 million shares. It was followed by Sintex Industries (1.85 million), I V R C L (1.48 million) and Unitech (1.42 million).

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