Sensex gains 47 points; Mid and smallcaps outperform - The New Indian Express

Sensex gains 47 points; Mid and smallcaps outperform

Published: 31st December 2013 12:18 PM

Last Updated: 31st December 2013 12:18 PM

Indian equities continued to trade higheron Tuesday on the back of buying interest seen in oil & gas and power stocks while banking stocks dropped. At 11.09., the Sensex was trading up 47.27 points or 0.22% at 21,190.28 with 18 components gaining. Meanwhile, the Nifty was trading higher by 18.75 points or 0.30% at 6,309.85 with 38 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 34.76 points or 0.16% at 21,177.77, while the broad based NSE Nifty started with a rise of 16.25 points or 0.26%, at 6,307.35.

Sensex Movers

Reliance Industries contributed rise of 18.36 points in the Sensex. It was followed by Tata Consultancy Services (9.95 points), I C I C I Bank (7.33 points), I T C (7.06 points) and Tata Power Company (6.13 points).

However, H D F C Bank contributed fall of 14.86 points in the Sensex. It was followed by Infosys (4.86 points), Housing Development Finance Corporation (2.9 points), Bharat Heavy Electricals (1.97 points) and State Bank Of India (0.64 points).

Major gainers in the 30-share index were Tata Power Company (2.98%), Reliance Industries (1.01%), Tata Consultancy Services (0.89%), Hero Motocorp (0.76%), Bajaj Auto (0.72%), and Cipla (0.69%).

On the other hand, Bharat Heavy Electricals (0.95%), H D F C Bank (0.89%), Infosys (0.33%), Tata Steel (0.24%), Maruti Suzuki India (0.19%), and Housing Development Finance Corporation (0.18%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.56% and 0.46% respectively. The major gainers in the BSE Midcap were CORE Education and Technologies (2.07%), Alstom India (1.04%), Aban Offshore (0.88%), Allahabad Bank (0.75%) and A I A Engineering (0.72%).The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (3.96%), Adhunik Metaliks (3.25%), Dr Datsons Labs (1.15%), Reliance MediaWorks (0.91%) and Trident (0.88%).

Sectors in Limelight

The Oil & Gas index was at 8,852.04, up by 63.57 points or by 0.72%. The major gainers were Hindustan Petroleum Corporation (1.16%), Bharat Petroleum Corporation (1.06%), G A I L (India) (0.67%), Cairn India (0.43%) and Castrol India (0.06%).

The Power index was at 1,699.83, up by 9.15 points or by 0.54%. The major gainers were JSW Energy (3.65%), G M R Infrastructure (2.87%), C E S C (1.9%), Adani Power (0.51%) and Reliance Infrastructure (0.37%).

On the other hand, the Bankex index was at 12,984.55, down by 1.58 points or by 0.01%. The major losers were H D F C Bank (0.89%), Kotak Mahindra Bank (0.37%), State Bank Of India (0.08%) and Axis Bank (0%).

Market Breadth

Market breadth was positive with 1,137 advances against 668 declines.

Value and Volume Toppers

Multi Commodity Exchange of India topped the value chart on the BSE with a turnover of Rs. 268.27 million. It was followed by Apollo Tyres (Rs. 265.42 million), Financial Technologies (India) (Rs. 138.80 million) and Tata Elxsi (Rs. 134.14 million).

The volume chart was led by Apollo Tyres with trades of over 2.51 million shares. It was followed by Gati (1.61 million), Unitech (1.33 million) and Marksans Pharma (1.06 million).

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