Indian marketsgained marginallyon Friday. Power, PSU and
consumer durable stocks witnessed a rise whereas IT stocks
registered a fall.
At the close, the benchmark 30-share index, BSE Sensex added
38.72 points or 0.18% at 20,996.53 with 22 components posting rise.
Meanwhile, the broad based NSE Nifty climbed by 31.55 points or
0.51% at 6,272.65 with 36 components posting rise.
Investors were cautious and preferred to book profits amid
concerns over tapering following stronger than expected US GDP
growth and likely increase in US non-farm payrolls.
I T C contributed rise of 20.08 points
in the Sensex. It was followed by NTPC (13.35 points), Oil &
Natural Gas Corporation (12.1 points), Tata Power Company (11.35
points) and I C I C I Bank (9.81 points).
However, Housing Development Finance Corporation contributed
fall of 26.95 points in the Sensex. It was followed by Infosys
(10.61 points), Hindustan Unilever (6.62 points), Reliance
Industries (5.38 points) and Bharti Airtel (5.06 points).
Major gainers in the 30-share index were Tata Power Company
(5.57%), Coal India (3.58%), NTPC (3.44%), Hero Motocorp (2.33%),
Oil & Natural Gas Corporation (1.31%), and Larsen & Toubro
On the other hand, Housing Development Finance Corporation
(1.65%), Hindalco Industries (1.07%), Bharti Airtel (0.98%),
Hindustan Unilever (0.98%), Infosys (0.73%), and Reliance
Industries (0.30%) were the biggest losers in the Sensex.
Sectors in Limelight
The Power index was at 1,706.21, up by 37.87 points or by 2.27%.
The major gainers were Adani Power (2.81%), Crompton Greaves
(1.93%), C E S C (1.06%), Bharat Heavy Electricals (0.47%) and
Reliance Infrastructure (0.34%).
The PSU index was at 5,961.89, up by 93.11 points or by 1.59%.
The major gainers were Bank Of Baroda(2.03%), Bank Of India
(1.33%), Allahabad Bank (1.08%), Balmer Lawrie & Company
(0.75%) and Andhra Bank (0.73%).
The Consumer Durables index was at 5,808.83, up by 71.42 points
or by 1.24%. The major gainers were Whirlpool Of India (3.61%),
Gitanjali Gems (2.73%), Blue Star (1.76%), Bajaj Electricals
(1.05%) and Rajesh Exports (0.22%).
On the other hand, the IT index was at 8,421.48, down by 4.81
points or by 0.06%. The major losers were Mphasis (1.79%), Hexaware
Technologies (1.62%), Infosys (0.73%), Tech Mahindra (0.4%) and
Oracle Financial Services Software (0.21%).
Market breadth was negative with 1,356 advances against 1,198
Value and Volume Toppers
I C I C I Bank topped the value chart on the BSE with a turnover
of Rs. 573.28 million. It was followed by Axis Bank (Rs. 425.43
million), Tata Motors (Rs. 397.26 million) and Yes Bank (Rs. 368.98
The volume chart was led by I V R C L with trades of over 3.62
million shares. It was followed by Adani Power (3.33 million),
Unitech (3.15 million) and Saint-Gobain Sekurit India (2.32