Sensex ends 133 points higher ahead of Q3 GDP data; healthcare, IT rise - The New Indian Express

Sensex ends 133 points higher ahead of Q3 GDP data; healthcare, IT rise

Published: 28th February 2014 04:18 PM

Last Updated: 28th February 2014 04:18 PM

Indian markets settled on a higher note on Friday ahead of Q3 gross domestic product (GDP) numbers. The market had forecasted growth for GDP at 4.7%. Healthcare, IT and auto stocks witnessed a gain whereas consumer durable stocks registered a fall.

At the close, the benchmark 30-share index, BSE Sensex added 133.13 points or 0.63% at 21,120.12 with 16 components registering rise. Meanwhile, the broad based NSE Nifty went up by 30.40 points or 0.49% at 6,269.20 with 29 components posting rise.

Sensex Movers

Tata Consultancy Services contributed rise of 45.93 points in the Sensex. It was followed by Tata Motors (28.89 points), Oil & Natural Gas Corporation (24.93 points), Sun Pharmaceutical Industries (12.54 points) and I C I C I Bank (11.87 points).

However, Reliance Industries contributed fall of 25.23 points in the Sensex. It was followed by H D F C Bank (21.93 points), Maruti Suzuki India (13.03 points), NTPC (9.81 points) and Hindustan Unilever (7.54 points).

Biggest gainers in the 30-share index were Hindalco Industries (6.86%), Tata Motors (4.15%), Tata Consultancy Services (4.14%), Bharat Heavy Electricals (3.18%), Oil & Natural Gas Corporation (2.68%), and Sun Pharmaceutical Industries (2.54%).

On the other hand, Maruti Suzuki India (4.54%), NTPC (2.51%), Tata Steel (1.49%), Reliance Industries (1.39%), H D F C Bank (1.32%), and Hindustan Unilever (1.11%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.49% and 0.14% respectively.The major gainers in the BSE Midcap were Allcargo Logistics (8.07%), Alstom India (3.08%), Allahabad Bank (2.24%), A I A Engineering (2.21%) and Aban Offshore (1.3%).The major gainers in the BSE Smallcap were Styrolution ABS (India) (2.32%), Dr Datsons Labs (0.64%), Aarti Industries (0.37%), Adhunik Metaliks (0.17%) and Reliance MediaWorks (0.09%).

Sectors in Limelight

The HC index was at 10,839.95, up by 240.46 points or by 2.27%. The major gainers were Biocon (4.57%), Cadila Healthcare (2.9%), Cipla (2.33%), Aurobindo Pharma (2.26%) and Apollo Hospitals Enterprise (1.3%).

The IT index was at 9,792.25, up by 139.05 points or by 1.44%. The major gainers were Tata Consultancy Services (4.14%), Tech Mahindra (2.69%), Oracle Financial Services Software (0.99%), Infosys (0.43%) and H C L Technologies (0.2%).

The Auto index was at 12,598.73, up by 170.83 points or by 1.37%. The major gainers were Bharat Forge (2.38%), Cummins India (2.37%), Mahindra & Mahindra (1.15%), Bajaj Auto (1.01%) and Exide Industries (0.59%).

On the other hand, the Consumer Durables index was at 5,951.36, down by 40.08 points or by 0.67%. The major losers were Gitanjali Gems (1.89%), Titan Company (1.28%), Rajesh Exports (1.06%), Bajaj Electricals (0.08%) and Videocon Industries (0.06%).

Market Breadth

Market breadth was negative with 1,358 advances against 1,364 declines.

Value and Volume Toppers

Tata Elxsi topped the value chart on the BSE with a turnover of Rs. 976.05 million. It was followed by Tata Motors (Rs. 527.93 million), Tata Steel (Rs. 527.21 million) and Maruti Suzuki India (Rs. 434.80 million).

The volume chart was led by Unitech with trades of over 4.26 million shares. It was followed by Jaiprakash Associates (2.54 million), Tata Elxsi (1.67 million) and Rasoya Proteins (1.59 million).

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