Sensex ends 173 points higher; IT, teck, oil & gas rise - The New Indian Express

Sensex ends 173 points higher; IT, teck, oil & gas rise

Published: 14th February 2014 04:18 PM

Last Updated: 14th February 2014 04:18 PM

Indian market settled on ahigher note on Friday. IT, technology and oil & gas stocks witnessed a rise whereas healthcare stocks registered a fall.India's headline inflation eased to 5.05% in January 2014 as compared to 6.16% for the previous month.

At the close, the benchmark 30-share index, BSE Sensex gained 173.47 points or 0.86% at 20,366.82 with 20 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 46.25points or 0.77% at 6,047.35 with 36 components registering rise.

Sensex Movers

Reliance Industries contributed rise of 30.37 points in the Sensex. It was followed by H D F C Bank (27.66 points), Infosys (23.18 points), Tata Motors (21.81 points) and I T C (21.06 points).

However, State Bank Of India contributed fall of 12.64 points in the Sensex. It was followed by Sun Pharmaceutical Industries (4.46 points), Bharat Heavy Electricals (4.41 points), Hero Motocorp (3.36 points) and Mahindra & Mahindra (2.33 points).

Biggest gainers in the 30-share index were Tata Motors (3.25%), G A I L (India) (2.56%), Reliance Industries (1.74%), H D F C Bank (1.72%), Infosys (1.65%), and NTPC (1.58%).

On the other hand, Bajaj Auto (3.42%), Bharat Heavy Electricals (2.21%), Cipla (2.01%), Hero Motocorp (1.79%), State Bank Of India (1.64%), and Sun Pharmaceutical Industries (0.94%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap settled higher7.10 points or 0.11% at 6,311.88 however the Bse Smallcap dropped 2.80 points or 0.04% at 6,279.69 at the closing.The major gainers in the BSE Midcap were Amara Raja Batteries (2.7%), Alstom India (1.59%), Allcargo Logistics (1.55%), A I A Engineering (0.42%) and A B G Shipyard (0.11%).The major losers in the BSE Smallcap were Trident (2.95%), Dr Datsons Labs (2.86%), Aarti Industries (1.17%), A2Z Maintenance & Engineering Services (0.29%) and Styrolution ABS (India) (0.21%).

Sectors in Limelight

The IT index was at 9,357.28, up by 122.71 points or by 1.33%. The major gainers were Hexaware Technologies (2.39%), Infosys (1.65%), Mphasis (1.35%), Tech Mahindra (0.99%) and H C L Technologies (0.53%).

The TECk index was at 5,086.54, up by 59.05 points or by 1.17%. The major gainers were Mphasis (1.35%), Bharti Airtel (0.86%), Idea Cellular (0.8%), Dish TV India (0.44%) and Reliance MediaWorks (0.1%).

The Oil & Gas index was at 8,365.95, up by 79.98 points or by 0.97%. The major gainers were G A I L (India) (2.56%), Oil & Natural Gas Corporation (0.88%), Hindustan Petroleum Corporation (0.66%), Oil India (0.57%) and Bharat Petroleum Corporation (0.3%).

On the other hand, the HC index was at 10,158.64, down by 6.43 points or by 0.06%. The major losers were Cipla (2.01%), Apollo Hospitals Enterprise (2%), Opto Circuits (India) (1.37%), Strides Arcolab (0.94%) and Piramal Enterprises (0.43%).

Market Breadth

Market breadth was negative with 1,260 advances against 1,385 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,391.54 million. It was followed by Tata Elxsi (Rs. 637.31 million), Future Retail (Rs. 475.22 million) and United Spirits (Rs. 391.66 million).

The volume chart was led by Future Retail with trades of over 5.75 million shares. It was followed by Empower India (2.40 million), Yantra Natural Resources (2.29 million) and Housing Development and Infrastructure (2.00 million).

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