Sensex gains 64 points higher; power, banks lead - The New Indian Express

Sensex gains 64 points higher; power, banks lead

Published: 17th February 2014 03:18 PM

Last Updated: 17th February 2014 03:18 PM

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 components gaining.

Sensex Movers

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 points).

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 Bank (0.42%).

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 Cipla (0.17%).

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

Market breadth was negative with 1,098 advances against 1,398 declines.

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).

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