Sensex ends 46 points higher; metal, realty up - The New Indian Express

Sensex ends 46 points higher; metal, realty up

Published: 31st March 2014 04:18 PM

Last Updated: 31st March 2014 04:18 PM

Indian markets settled on a positive note on Monday. India's central bank will announce its first bi-monthly monetary policy statement 2014-15 tomorrow. Metal, realty and consumer durable stocks witnessed a rise.

At the close, the benchmark 30-share index, BSE Sensex added 46.30 or 0.21% at 22,386.27 with 18 components registering rise. Meanwhile, the broad based NSE Nifty went up by 8.30 or 0.12% at 6,704.20 with 32 components posting rise (updated as on 15.50).

Sensex Movers

Reliance Industries contributed rise of 32.21 points in the Sensex. It was followed by Housing Development Finance Corporation (20.94 points), Hindalco Industries (15.01 points), Tata Consultancy Services (12.67 points) and Infosys (10 points).

However, I T C contributed fall of 40.52 points in the Sensex. It was followed by Oil & Natural Gas Corporation (28.72 points), I C I C I Bank (18.88 points), Larsen & Toubro (13.65 points) and Wipro (5.06 points).

Biggest gainers in the 30-share index were Hindalco Industries (8.71%), Jindal Steel & Power (4.25%), Tata Steel (3.40%), Maruti Suzuki India (2.04%), Sun Pharmaceutical Industries (1.75%), and Reliance Industries (1.68%).

On the other hand, Oil & Natural Gas Corporation (2.91%), Dr Reddy's Laboratories (2.15%), Tata Power Company (1.85%), I T C (1.69%), Wipro (1.61%), and G A I L (India) (1.35%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 1.04% and 1.04% respectively. The major gainers in the BSE Midcap were Allcargo Logistics (8.01%), Aban Offshore (7.77%), A I A Engineering (3.55%), Alstom India (2.8%) and Allahabad Bank (0.06%).The major gainers in the BSE Smallcap were Trident (2.61%), Action Construction Equipment (2.19%), Aegis Logistics (1.32%), Genesys International Corporation (0.27%) and Adhunik Metaliks (0.11%).

Sectors in Limelight

The Metal index was at 10,059.10, up by 374.83 points or by 3.87%. The major gainers were Hindalco Industries (8.71%), JSW Steel (5.55%), Jindal Steel & Power (4.25%), Hindustan Zinc (3.42%) and Coal India (0.7%).

The Realty index was at 1,468.40, up by 40.44 points or by 2.83%. The major gainers were Housing Development and Infrastructure (5.79%), Godrej Properties (5.3%), Indiabulls Real Estate (4.4%), Anant Raj (0.71%) and D L F (0.31%).

The Consumer Durables index was at 6,526.14, up by 166.55 points or by 2.62%. The major gainers were Symphony (5.16%), Gitanjali Gems (2.79%), Rajesh Exports (2.19%), Whirlpool Of India (1.94%) and Bajaj Electricals (0.1%).

Market Breadth

Market breadth was positive with 1,744 advances against 1,044 declines.

Value and Volume Toppers

Aban Offshore topped the value chart on the BSE with a turnover of Rs. 722.67 million. It was followed by Tata Steel (Rs. 491.32 million), Punjab National Bank (Rs. 419.06 million) and Maruti Suzuki India (Rs. 371.61 million).

The volume chart was led by Unitech with trades of over 12.70 million shares. It was followed by L&T Finance Holdings (3.21 million), Adani Power (3.13 million) and South Indian Bank , The (2.91 million).

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