Indian markets settledhigher on Wednesday after the RBI
unexpectedly retains interest rates. The market participants were
expecting a hike of 25 basis points. Realty, capital goods andoil
& gas stocks witnessed a rise.
At the close, the benchmark 30-share index, BSE Sensex gained
247.72 points or 1.20% at 20,859.86 with 27 components posting
rise. Meanwhile, the broad based NSE Nifty climbed by 78.10 points
or 1.27% at 6,217.15 with 47 components registering rise. Sensex
Housing Development Finance Corporation
contributed rise of 42.02 points in the Sensex. It was followed by
Reliance Industries (41.98 points), Larsen & Toubro (29.64
points), H D F C Bank (22.5 points) and State Bank Of India (21.13
However, I C I C I Bank contributed fall of 2.2 points in the
Sensex followed by Bharti Airtel (0.16 points), Infosys (0.56
points) and ACC (0.91 points).
Major gainers in the 30-share index were Bharat Heavy
Electricals (5.70%), Tata Power Company (4.04%), Bajaj Auto
(3.87%), Hero Motocorp (3.14%), Larsen & Toubro (2.83%), and
State Bank Of India (2.67%).
On the other hand, Jindal Steel & Power (1.55%), and I C I C
I Bank (0.13%) were the major losers in the Sensex.
Sectors in Limelight
The Realty index was at 1,379.62, up by 46.84 points or by
3.51%. The major gainers were Housing Development and
Infrastructure (7.22%), D L F (5.53%), Indiabulls Real Estate
(5.05%), Anant Raj (4.45%) and Godrej Properties (0.65%).
The Capital Goods index was at 10,185.66, up by 259.47 points or
by 2.61%. The major gainers were Bharat Heavy Electricals (5.7%),
Crompton Greaves (3.07%), Alstom T&D India (2.37%), Alstom
India (1.67%) and A I A Engineering (0.95%).
The Oil & Gas index was at 8,561.23, up by 180.00 points or
by 2.15%. The major gainers were Hindustan Petroleum Corporation
(4.83%), Indian Oil Corporation (2.77%), G A I L (India) (2.29%),
Bharat Petroleum Corporation (1.3%) and Cairn India (0.76%).
Market breadth was positive with 1,527 advances against 972
Value and Volume Toppers
Indusind Bank topped the value chart on the BSE with a turnover
of Rs. 1,404.74 million. It was followed by Power Grid Corporation
Of India (Rs. 994.99 million), State Bank Of India (Rs. 800.32
million) and Biocon (Rs. 415.17 million).
The volume chart was led by Power Grid Corporation Of India with
trades of over 9.94 million shares. It was followed by Unitech
(4.03 million), Indusind Bank (3.27 million) and Housing
Development and Infrastructure (2.16 million).