Sensex ends 248 points higher; realty, capital goods rise - The New Indian Express

Sensex ends 248 points higher; realty, capital goods rise

Published: 18th December 2013 05:18 PM

Last Updated: 18th December 2013 05:18 PM

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 Movers

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 points).

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

Market breadth was positive with 1,527 advances against 972 declines.

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).

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