Sensex jumps to a new high; SBI, Bharti lead - The New Indian Express

Sensex jumps to a new high; SBI, Bharti lead

Published: 27th March 2014 11:18 AM

Last Updated: 27th March 2014 11:18 AM

Indian equities witnessed a new high on Thursdayled bypower, oil & gas and auto stocks. At 10.46 am, the Sensex was trading up 92.82 points or 0.42% at 22,188.12 with 22 components gaining. Meanwhile, the Nifty was trading higher by 34.15 points or 0.52% at 6,635.55 with 38 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

Reliance Industries contributed rise of 24.14 points in the Sensex. It was followed by State Bank Of India (18.93 points), Housing Development Finance Corporation (14.64 points), Bharti Airtel (11.19 points) and Hindustan Unilever (9.74 points).

However, Oil & Natural Gas Corporation contributed fall of 12.49 points in the Sensex. It was followed by Tata Consultancy Services (9.88 points), Maruti Suzuki India (1.3 points), Larsen & Toubro (1.05 points) and Reliance Infrastructure (0.94 points).

Major gainers in the 30-share index were State Bank Of India (2.25%), Bharti Airtel (2.06%), Bharat Heavy Electricals (1.51%), Hindustan Unilever (1.36%), G A I L (India) (1.29%), and Reliance Industries (1.27%).

On the other hand, Oil & Natural Gas Corporation (1.28%), Tata Consultancy Services (0.85%), Coal India (0.66%), Dr Reddy"S Laboratories (0.57%), Maruti Suzuki India (0.43%), and Larsen & Toubro (0.09%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.75% and 1.11% respectively. The major gainers in the BSE Midcap were A I A Engineering (1.45%), A B G Shipyard (0.69%), Aban Offshore (0.64%), CORE Education and Technologies (0.57%) and Alstom India (0.25%).The major gainers in the BSE Smallcap were Styrolution ABS (India) (2.62%), Action Construction Equipment (2.16%), Trident (1.5%), A2Z Maintenance & Engineering Services (1.13%) and Aarti Industries (0.67%).

Sectors in Limelight

The Power index was at 1,683.58, up by 14.85 points or by 0.89%. The major gainers were Bharat Heavy Electricals (1.51%), C E S C (1.47%), Adani Power (1.21%), Crompton Greaves (0.94%) and A B B India (0.77%).

The Oil & Gas index was at 9,344.87, up by 73.66 points or by 0.79%. The major gainers were Hindustan Petroleum Corporation (4.94%), Bharat Petroleum Corporation (4.03%), G A I L (India) (1.29%), Castrol India (0.96%) and Cairn India (0.47%).

On the other hand, the IT index was at 8,698.55, down by 24.1 points or by 0.28%. The major losers were Tech Mahindra (0.86%), Tata Consultancy Services (0.85%) and Wipro (0.06%).

Market Breadth

Market breadth was negative with 1,329 advances against 672 declines.

Value and Volume Toppers

Reliance Industries topped the value chart on the BSE with a turnover of Rs. 273.97 million. It was followed by State Bank Of India (Rs. 206.92 million), B F Utilities (Rs. 189.57 million) and Yes Bank (Rs. 122.98 million).

The volume chart was led by Star Ferro and Cement with trades of over 4.24 million shares. It was followed by Ashok Leyland (4.05 million), Century Plyboards (India) (3.23 million) and Spicejet (1.90 million).

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