Sensex gains 138 points to trade at 22,896 - The New Indian Express

Sensex gains 138 points to trade at 22,896

Published: 23rd April 2014 01:18 PM

Last Updated: 23rd April 2014 01:18 PM

Indian equities remained higher in noon trade on Wednesday. Both Sensexand Niftytouched a new record high for the third consecutive week.Capital goods and healthcare stocks witnessed a gain whereas FMCG stocks registered a fall.

At 12.23 p.m., the Sensex was trading up 137.89 points or 0.61% at 22,896.26 with 22 components gaining. Meanwhile, the Nifty was trading higher by 32.45 points or 0.48% at 6,847.80 with 34 components gaining.

Sensex Movers

Larsen & Toubro contributed rise of 27.58 points in the Sensex. It was followed by Infosys (18.71 points), I C I C I Bank (18.3 points), Oil & Natural Gas Corporation (14.86 points) and Sun Pharmaceutical Industries (12.33 points).

However, Housing Development Finance Corporation contributed fall of 12.32 points in the Sensex. It was followed by I T C (5.26 points), NTPC (3.07 points), Tata Motors (2.64 points) and Hindustan Unilever (1.79 points).

Major gainers in the 30-share index were Larsen & Toubro (2.40%), Sun Pharmaceutical Industries (2.30%), Bharat Heavy Electricals (2.12%), Oil & Natural Gas Corporation (1.47%), Mahindra & Mahindra (1.35%), and G A I L (India) (1.35%).

On the other hand, NTPC (0.73%), Housing Development Finance Corporation (0.69%), Tata Motors (0.35%), Hindalco Industries (0.28%), Hindustan Unilever (0.24%), and I T C (0.21%) were the major losers in the Sensex.

Sectors in Limelight

The Capital Goods index was at 12,776.79, up by 203.49 points or by 1.62%. The major gainers were Bharat Heavy Electricals (2.12%), BEML (1.52%), Alstom T&D India (0.65%), A B B India (0.52%) and Lakshmi Machine Works (0.02%).

The HC index was at 10,636.70, up by 111.50 points or by 1.06%. The major gainers were Aurobindo Pharma (1.55%), Divis Laboratories (0.84%), Dr Reddy'S Laboratories (0.8%), Apollo Hospitals Enterprise (0.7%) and Cipla (0.25%).

On the other hand, the FMCG index was at 6,947.32, down by 2.23 points or by 0.03%. The major losers were Hindustan Unilever (0.24%), I T C (0.21%) and Dabur India (0.19%).

Market Breadth

Market breadth was negative with 1,435 advances against 1,033 declines.

Value and Volume Toppers

Larsen & Toubro topped the value chart on the BSE with a turnover of Rs. 392.99 million. It was followed by Future Retail (Rs. 238.07 million), D L F (Rs. 176.53 million) and State Bank Of India (Rs. 176.15 million).

The volume chart was led by Unitech with trades of over 3.37 million shares. It was followed by Suzlon Energy (3.31 million), Mangalore Chemicals & Fertilizers (2.39 million) and Kingfisher Airlines (2.36 million).

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