Sensex gains over 250 points; realty, capital goods rise - The New Indian Express

Sensex gains over 250 points; realty, capital goods rise

Published: 18th December 2013 03:18 PM

Last Updated: 18th December 2013 03:18 PM

Indian equities extendedgains on Wednesday after the RBI unexpectedly retains interest rates. The market participants were expecting a hike of 25 basis points. Realty, capital goods, oil & gas and auto stocks witnessed a rise.

At 2.14 p.m., the Sensex was trading up 251.52 points or 1.22% at 20,863.66 with 28 components gaining. Meanwhile, the Nifty was trading higher by 80.15 points or 1.31% at 6,219.20 with 49 components gaining.

Sensex Movers

Reliance Industries contributed rise of 45.82 points in the Sensex. It was followed by Housing Development Finance Corporation (45.26 points), Larsen & Toubro (30.53 points), State Bank Of India (22.49 points) and Oil & Natural Gas Corporation (18.09 points).

However, Infosyscontributed fall of 0.85 points in the Sensex. It was followed byHindustan Unilever (1.02 points), Wipro (1.07 points) and ACC (1.57 points).

Major gainers in the 30-share index were Bharat Heavy Electricals (4.60%), Bajaj Auto (3.06%), Larsen & Toubro (2.92%), State Bank Of India (2.84%), Hero Motocorp (2.82%), and Housing Development Finance Corporation (2.79%).

On the other hand,Jindal Steel & Power (1.62%) was the onlyloser in the Sensex pack.

Sectors in Limelight

The Realty index was at 1,379.71, up by 46.93 points or by 3.52%. The major gainers were Housing Development and Infrastructure (5.93%), D L F (5.4%), Anant Raj (5.04%), Indiabulls Real Estate (4.35%) and Godrej Properties (0.96%).

The Capital Goods index was at 10,180.38, up by 254.19 points or by 2.56%. The major gainers were Bharat Heavy Electricals (4.6%), Alstom India (2.8%), Crompton Greaves (2.79%), F A G Bearings India (0.61%) and BEML (0.07%).

The Oil & Gas index was at 8,557.69, up by 176.46 points or by 2.11%. The major gainers were Hindustan Petroleum Corporation (2.87%), G A I L (India) (2.36%), Bharat Petroleum Corporation (0.73%), Castrol India (0.24%) and Cairn India (0.19%).

The Auto index was at 12,153.99, up by 210.11 points or by 1.76%. The major gainers were Bajaj Auto (3.06%), Hero Motocorp (2.82%), Ashok Leyland (2.25%), Exide Industries (0.52%) and Bharat Forge (0.48%).

Market Breadth

Market breadth was positive with 1,361 advances against 908 declines.

Value and Volume Toppers

Indusind Bank topped the value chart on the BSE with a turnover of Rs. 1,375.49 million. It was followed by Power Grid Corporation Of India (Rs. 815.77 million), State Bank Of India (Rs. 642.46 million) and I C I C I Bank (Rs. 531.03 million).

The volume chart was led by Power Grid Corporation Of India with trades of over 8.14 million shares. It was followed by Indusind Bank (3.20 million), Unitech (2.69 million) and Orchid Chemicals & Pharmaceuticals (2.30 million).

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