Sensex jumps 110 points; power, banks lead - The New Indian Express

Sensex jumps 110 points; power, banks lead

Published: 27th March 2014 12:18 PM

Last Updated: 27th March 2014 12:18 PM

Indian equities extended gainsto scale new highs on Thursday as foreign institutional investorscontinued their buying spree in markets.Power and banking stocks witnessed a rise whileIT stocks registered a fall. At 11.24 a.m., the Sensex was trading up 110.13 points or 0.50% at 22,205.43 with 20 components gaining. Meanwhile, the Nifty was trading higher by 37.70 points or 0.57% at 6,639.10 with 37 components gaining.

The 30-share benchmark index, BSE Sensex opened flat with a rise of 20.93 points or 0.09% at 22,116.23, while the broad based NSE Nifty started with a rise of 11.70 points or 0.18%, at 6,613.10.

Sensex Movers

State Bank Of India contributed rise of 26.25 points in the Sensex. It was followed by Reliance Industries (24.26 points), Housing Development Finance Corporation (16.64 points), Bharti Airtel (15.39 points) and I C I C I Bank (9.59 points).

However, Tata Consultancy Services contributed fall of 9.08 points in the Sensex. It was followed by Oil & Natural Gas Corporation (6.48 points), Wipro (2.48 points), Maruti Suzuki India (1.73 points) and I T C (1.33 points).

Biggest gainers in the 30-share index were State Bank Of India (3.12%), Bharti Airtel (2.83%), Hero Motocorp (1.74%), Hindustan Unilever (1.30%), Reliance Industries (1.27%), and Bharat Heavy Electricals (1.26%).

On the other hand, Wipro (0.80%), Tata Consultancy Services (0.78%), Dr Reddy'S Laboratories (0.78%), Oil & Natural Gas Corporation (0.66%), Maruti Suzuki India (0.57%), and Coal India (0.32%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.76% and 1.26% respectively. The major gainers in the BSE Midcap were A I A Engineering (1.4%), Aban Offshore (1.1%), A B G Shipyard (0.59%), CORE Education and Technologies (0.16%) and Alstom India (0.09%).The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (2.36%), Action Construction Equipment (2.23%), Styrolution ABS (India) (2.15%), Aarti Industries (1.75%) and Trident (1.5%).

Sectors in Limelight

The Power index was at 1,686.32, up by 17.59 points or by 1.05%. The major gainers were C E S C (1.57%), Adani Power (1.45%), Bharat Heavy Electricals (1.26%), A B B India (0.97%) and Reliance Infrastructure (0.09%).

The Bankex index was at 14,447.19, up by 139.19 points or by 0.97%. The major gainers were Federal Bank (2.66%), Bank Of Baroda (2.39%), Bank Of India (2.08%), Canara Bank (1.73%) and H D F C Bank (0.53%).

On the other hand, the IT index was at 8,696.41, down by 26.24 points or by 0.3%. The major losers were Wipro (0.8%), Tata Consultancy Services (0.78%), Tech Mahindra (0.73%) and H C L Technologies (0.14%).

Market Breadth

Market breadth was positive with 1,452 advances against 797 declines.

Value and Volume Toppers

Reliance Industries topped the value chart on the BSE with a turnover of Rs. 386.29 million. It was followed by State Bank Of India (Rs. 301.19 million), B F Utilities (Rs. 201.73 million) and Yes Bank (Rs. 138.50 million).

The volume chart was led by Ashok Leyland with trades of over 4.96 million shares. It was followed by Century Plyboards (India) (3.23 million), Spicejet (2.11 million) and Ybrant Digital (1.67 million).

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