Sensex gains 92 points; Bharti, Tata Motors lead - The New Indian Express

Sensex gains 92 points; Bharti, Tata Motors lead

Published: 02nd April 2014 03:18 PM

Last Updated: 02nd April 2014 03:18 PM

Indian equities continued to trade higher on Wednesday. Both Sensex and Nifty were trading at a new life time high. Healthcare, realty and oil & gas stocks witnessed a gain whereas FMCG stocks registered a fall.

At 2.26 p.m., the Sensex was trading up 92.42 points or 0.41% at 22,538.86 with 21 components gaining. Meanwhile, the Nifty was trading higher by 13.10 points or 0.19% at 6,734.15 with 33 components gaining.

Sensex Movers

Reliance Industries contributed rise of 31.71 points in the Sensex. It was followed by I C I C I Bank (28.44 points), Tata Motors (20.49 points), Bharti Airtel (16.89 points) and Oil & Natural Gas Corporation (16.59 points).

However, I T C contributed fall of 56.67 points in the Sensex. It was followed by H D F C Bank (27.1 points), Hindustan Unilever (8.44 points), Hindalco Industries (2.76 points) and ACC (2.65 points).

Major gainers in the 30-share index were Bharti Airtel (3.06%), Tata Motors (2.75%), Cipla (2.12%), Wipro (1.81%), Oil & Natural Gas Corporation (1.67%), and Reliance Industries (1.64%).

On the other hand, I T C (2.34%), Jindal Steel & Power (2.12%), Hindalco Industries (1.59%), H D F C Bank (1.52%), Hindustan Unilever (1.16%), and Coal India (0.81%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 1.31% and 1.39% respectively. The major gainers in the BSE Midcap were Anant Raj (5.34%), Amara Raja Batteries (2.97%), CORE Education and Technologies (2.74%), Allahabad Bank (2.56%) and Allcargo Logistics (1.57%).The major gainers in the BSE Smallcap were Dr Datsons Labs (19.51%), Action Construction Equipment (5.37%), Trident (2.36%), Adhunik Metaliks (1.01%) and Reliance MediaWorks (0.08%).

Sectors in Limelight

The Realty index was at 1,482.43, up by 26.51 points or by 1.82%. The major gainers were Anant Raj (5.34%), Indiabulls Real Estate (3.37%), Housing Development and Infrastructure (3.29%), D L F (1.49%) and Godrej Properties (0.87%).

The HC index was at 10,307.48, up by 169.29 points or by 1.67%. The major gainers were Aurobindo Pharma (5.26%), Biocon (2.18%), Cipla (2.12%), Divis Laboratories (1.9%) and Cadila Healthcare (0.9%).

The Oil & Gas index was at 9,723.69, up by 134.43 points or by 1.40%. The major gainers were Hindustan Petroleum Corporation (1.48%), Castrol India (0.87%), Bharat Petroleum Corporation (0.74%), G A I L (India) (0.27%) and Cairn India (0.25%).

On the other hand, the FMCG index was at 6,874.23, down by 105.55 points or by 1.51%. The major losers were Dabur India (2.48%), I T C (2.34%), Hindustan Unilever (1.16%), Godrej Consumer Products (0.62%) and Colgate-Palmolive (India) (0.31%).

Market Breadth

Market breadth was positive with 1,769 advances against 945 declines.

Value and Volume Toppers

Housing Development Finance Corporation topped the value chart on the BSE with a turnover of Rs. 1,889.98 million. It was followed by Wockhardt (Rs. 1,226.32 million), I T C (Rs. 1,046.93 million) and Ranbaxy Laboratories (Rs. 793.95 million).

The volume chart was led by Spicejet with trades of over 6.63 million shares. It was followed by Unitech (4.24 million), L&T Finance Holdings (4.10 million) and I T C (3.04 million).

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