Indian equities traded mildlyhigher on Monday. Finance Minister
P Chidambaram has presented interim budget in the Lok Sabha today.
Power, banking and healthcare stocks witnessed a rise whereas metal
stocks registered a fall.
At 2.32 p.m., the Sensex was trading up 64.43 points or 0.32% at
20,431.25 with 18 components gaining. Meanwhile, the Nifty was
trading higher by 13.60 points or 0.22% at 6,061.95 with 26
H D F C Bank contributed rise of 25.12
points in the Sensex. It was followed by Housing Development
Finance Corporation (22.66 points), I C I C I Bank (10.47 points),
Tata Power Company (9.12 points) and Mahindra & Mahindra (7.16
However, Reliance Industries contributed fall of 20.36 points in
the Sensex. It was followed by Tata Motors (4.08 points), Reliance
Communications (3.24 points), Hindalco Industries (2.99 points) and
Sun Pharmaceutical Industries (2.67 points).
Major gainers in the 30-share index were Tata Power Company
(4.60%), Dr Reddy'S Laboratories (2.13%), Hero Motocorp (1.67%), H
D F C Bank (1.56%), Housing Development Finance Corporation
(1.43%), and Mahindra & Mahindra (1.37%).
On the other hand, Hindalco Industries (1.90%), Coal India
(1.57%), Reliance Industries (1.16%), Bharat Heavy Electricals
(0.91%), Wipro (0.89%), and Jindal Steel & Power (0.85%) were
the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts declining -0.29% and -0.06% respectively.The major
losers in the BSE Midcap were A B G Shipyard (4.5%), CORE Education
and Technologies (4.26%), A I A Engineering (1.99%), Aban Offshore
(0.98%) and Alstom India (0.79%).The major losers in the BSE
Smallcap were Dr Datsons Labs (5.07%), A2Z Maintenance &
Engineering Services (2.54%), Trident (1.25%), Aarti Industries
(1.07%) and Styrolution ABS (India) (0.17%).
Sectors in Limelight
The Power index was at 1,515.91, up by 10.68 points or by 0.71%.
The major gainers were Adani Power (3.65%), C E S C (1.56%), A B B
India (1.47%), JSW Energy (1.23%) and Lanco Infratech (0.62%).
The Bankex index was at 11,739.79, up by 82.01 points or by
0.70%. The major gainers were H D F C Bank (1.56%), IDBI Bank
(1.36%), Indusind Bank (0.73%), I C I C I Bank (0.64%) and Canara
The HC index was at 10,213.27, up by 60.58 points or by 0.60%.
The major gainers were Aurobindo Pharma (2.27%), Biocon (1.52%),
Cadila Healthcare (0.98%), Apollo Hospitals Enterprise (0.92%) and
On the other hand, the Metal index was at 8,949.30, down by
103.98 points or by 1.15%. The major losers were Hindalco
Industries (1.9%), Coal India (1.57%), Hindustan Zinc (0.93%),
Jindal Steel & Power (0.85%) and Bhushan Steel (0.25%).
Market breadth was negative with 1,098 advances against 1,398
Value and Volume Toppers
Page Industries topped the value chart on the BSE with a
turnover of Rs. 857.67 million. It was followed by Tata Elxsi (Rs.
333.89 million), State Bank Of India (Rs. 270.46 million) and Tata
Motors (Rs. 252.02 million).
The volume chart was led by Indian Infotech and Software with
trades of over 2.64 million shares. It was followed by Shalimar
Productions (1.90 million), Suzlon Energy (1.53 million) and I F C
I (1.48 million).