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
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
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 was negative with 998 advances against 1,354
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