Sensex gains 120 points; Maruti, JSPL, ONGC up - The New Indian Express

Sensex gains 120 points; Maruti, JSPL, ONGC up

Published: 18th March 2014 02:18 PM

Last Updated: 18th March 2014 02:18 PM

Indian equities continued to trade higher in post noon trade on Tuesday on the back ofsustained foreign capital inflowsandhigher global cues.Oil & gas stocks witnessed a rise whereas IT stocks registered a fall.

At 1.16 p.mm., the Sensex was trading up 120.14 points or 0.55% at 21,929.94 with 19 components gaining. Meanwhile, the Nifty was trading higher by 36.55 points or 0.56% at 6,540.75 with 37 components gaining.

Sensex Movers

I T C contributed rise of 52.6 points in the Sensex. It was followed by Reliance Industries (41.36 points), Oil & Natural Gas Corporation (25.62 points), Maruti Suzuki India (23.51 points) and State Bank Of India (21.61 points).

However, Housing Development Finance Corporation contributed fall of 20.61 points in the Sensex. It was followed by Tata Motors (9.48 points), Infosys (8.68 points), Larsen & Toubro (8.55 points) and Tata Consultancy Services (8.2 points).

Major gainers in the 30-share index were Maruti Suzuki India (7.88%), Jindal Steel & Power (3.70%), Oil & Natural Gas Corporation (2.65%), State Bank Of India (2.60%), Coal India (2.31%), and I T C (2.23%).

On the other hand, Tata Motors (1.31%), Hero Motocorp (1.25%), Housing Development Finance Corporation (1.21%), Mahindra & Mahindra (0.97%), Wipro (0.94%), and Larsen & Toubro (0.78%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 1.13% and 0.96% respectively. The major gainers in the BSE Midcap were Aban Offshore (2.35%), Allahabad Bank (1.79%), A I A Engineering (1.66%), Alstom India (1.23%) and CORE Education and Technologies (0.15%).The major gainers in the BSE Smallcap were Adhunik Metaliks (3.24%), Styrolution ABS (India) (2.75%), Aarti Industries (2.14%), Action Construction Equipment (0.28%) and Reliance MediaWorks (0.26%).

Sectors in Limelight

The Oil & Gas index was at 9,404.08, up by 191.00 points or by 2.07%. The major gainers were Hindustan Petroleum Corporation (4.42%), Bharat Petroleum Corporation (1.67%), Indian Oil Corporation (1.26%), G A I L (India) (1.24%) and Cairn India (1.1%).

On the other hand, the IT index was at 8,893.93, down by 46.12 points or by 0.52%. The major losers were Wipro (0.94%), Tata Consultancy Services (0.71%), Infosys (0.57%), Hexaware Technologies (0.44%) and H C L Technologies (0.04%).

Market Breadth

Market breadth was positive with 1,482 advances against 1,109 declines.

Value and Volume Toppers

Indusind Bank topped the value chart on the BSE with a turnover of Rs. 655.37 million. It was followed by L&T Finance Holdings (Rs. 447.74 million), Maruti Suzuki India (Rs. 392.73 million) and State Bank Of India (Rs. 301.05 million).

The volume chart was led by L&T Finance Holdings with trades of over 6.01 million shares. It was followed by Empower India (5.55 million), KSS (2.04 million) and Cals Refineries (2 million).

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