Sensex gains 60 points; Tata Power, Dr Reddy, HDFC rise - The New Indian Express

Sensex gains 60 points; Tata Power, Dr Reddy, HDFC rise

Published: 17th February 2014 02:18 PM

Last Updated: 17th February 2014 02:18 PM

Indian equities remained higher in post noon trade on Monday. Finance Minister P Chidambaram has presented interim budget in the Lok Sabha today. Power, banking and auto stocks witnessed a rise whereas metal stocks registered a fall.

At 1.18 p.m., the Sensex was trading up 60.19 points or 0.30% at 20,427.01 with 17 components gaining. Meanwhile, the Nifty was trading higher by 9.15 points or 0.15% at 6,057.50 with 26 components gaining.

Sensex Movers

Housing Development Finance Corporation contributed rise of 32.02 points in the Sensex. It was followed by H D F C Bank (20.59 points), I C I C I Bank (11.54 points), Tata Power Company (8.72 points) and Mahindra & Mahindra (6.95 points).

However, Reliance Industries contributed fall of 21.84 points in the Sensex. It was followed by Oil & Natural Gas Corporation (7.51 points), Tata Motors (4.08 points), Reliance Communications (3.2 points) and Bharti Airtel (2.87 points).

Major gainers in the 30-share index were Tata Power Company (4.40%), Dr Reddy'S Laboratories (2.03%), Housing Development Finance Corporation (2.02%), Hero Motocorp (1.78%), Mahindra & Mahindra (1.33%), and H D F C Bank (1.28%).

On the other hand, Hindalco Industries (1.65%), Coal India (1.59%), Reliance Industries (1.25%), Jindal Steel & Power (0.85%), Oil & Natural Gas Corporation (0.83%), and Wipro (0.78%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts declining -0.39% and -0.12% respectively.The major losers in the BSE Midcap were A B G Shipyard (5.61%), CORE Education and Technologies (3.98%), A I A Engineering (2.04%), Alstom India (1%) and Aban Offshore (0.54%).The major losers in the BSE Smallcap were Dr Datsons Labs (7.64%), A2Z Maintenance & Engineering Services (2.44%), Aarti Industries (1.75%), Action Construction Equipment (1.16%) and Trident (0.9%).

Sectors in Limelight

The Power index was at 1,514.21, up by 8.98 points or by 0.60%. The major gainers were Adani Power (3.34%), NTPC (0.83%), C E S C (0.77%), A B B India (0.63%) and Lanco Infratech (0.15%).

The Bankex index was at 11,722.23, up by 64.45 points or by 0.55%. The major gainers were H D F C Bank (1.28%), IDBI Bank (0.91%), I C I C I Bank (0.71%), Indusind Bank (0.57%) and Kotak Mahindra Bank (0.15%).

The Auto index was at 12,020.11, up by 52.13 points or by 0.44%. The major gainers were Hero Motocorp (1.78%), Mahindra & Mahindra (1.33%), Bharat Forge (1.33%), Maruti Suzuki India (0.89%) and Bajaj Auto (0.16%).

On the other hand, the Metal index was at 8,930.99, down by 122.29 points or by 1.35%. The major losers were Hindalco Industries (1.65%), Coal India (1.59%), Hindustan Zinc (1.45%), Jindal Steel & Power (0.85%) and Bhushan Steel (0.59%).

Market Breadth

Market breadth was negative with 998 advances against 1,354 declines.

Value and Volume Toppers

Page Industries topped the value chart on the BSE with a turnover of Rs. 859.12 million. It was followed by V-Mart Retail (Rs. 490.93 million), Tata Elxsi (Rs. 303.22 million) and Tata Motors (Rs. 218.72 million).

The volume chart was led by V-Mart Retail with trades of over 1.80 million shares. It was followed by Suzlon Energy (1.49 million), Opto Circuits (India) (1.24 million) and I F C I (1.23 million).

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