Sensex mildly higher; capital goods, realty up - The New Indian Express

Sensex mildly higher; capital goods, realty up

Published: 10th March 2014 03:18 PM

Last Updated: 10th March 2014 03:18 PM

Indian equities are slightly higher on Monday. Capital goods, realty and oil & gas stocks witnessed a rise whereas IT stocks registered a fall.

At 2.18 p.m., the Sensex was trading up 18.97 points or 0.09% at 21,938.76 with 14 components gaining. Meanwhile, the Nifty was trading higher by 9.45 points or 0.14% at 6,536.10 with 30 components gaining.

Sensex Movers

Reliance Industries contributed rise of 54.09 points in the Sensex. It was followed by H D F C Bank (40.52 points), Larsen & Toubro (30.12 points), Oil & Natural Gas Corporation (23.92 points) and State Bank Of India (18.68 points).

However, Tata Consultancy Services contributed fall of 38.2 points in the Sensex. It was followed by Infosys (31.08 points), Tata Motors (23.28 points), I T C (15.71 points) and Sun Pharmaceutical Industries (10.78 points).

Biggest gainers in the 30-share index were Maruti Suzuki India (3.62%), Bharat Heavy Electricals (3.38%), Mahindra & Mahindra (3.06%), Reliance Industries (2.88%), Larsen & Toubro (2.73%), and Oil & Natural Gas Corporation (2.47%).

On the other hand, Tata Consultancy Services (3.32%), Tata Motors (3.22%), Hindalco Industries (2.21%), Sun Pharmaceutical Industries (2.10%), Infosys (2.05%), and Dr Reddy'S Laboratories (1.93%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.42% and 0.60% respectively. The major gainers in the BSE Midcap were Allahabad Bank(3.53%), Amtek Auto (2.73%), Andhra Bank (2.3%), Anant Raj (1.75%) and Delta Corp (0.24%).The major gainers in the BSE Smallcap were Aarti Industries (3.18%), Action Construction Equipment (2.7%), Trident (1.88%), Adhunik Metaliks (0.89%) and Advanta (0.18%).

Sectors in Limelight

The Capital Goods index was at 11,494.12, up by 273.33 points or by 2.44%. The major gainers were Crompton Greaves (5.3%), BEML (4.83%), Alstom T&D India (4.83%), Bharat Heavy Electricals (3.38%) and Bharat Electronics (0.36%).

The Realty index was at 1,392.61, up by 33.04 points or by 2.43%. The major gainers were Housing Development and Infrastructure (3.13%), D L F (2.84%), Indiabulls Real Estate (1.93%), Anant Raj (1.75%) and Godrej Properties (1.12%).

The Oil & Gas index was at 9,256.14, up by 179.64 points or by 1.98%. The major gainers were Oil & Natural Gas Corporation (2.47%), Bharat Petroleum Corporation (0.81%), Indian Oil Corporation (0.71%), Oil India (0.5%) and Cairn India (0.05%).

On the other hand, the IT index was at 9,310.64, down by 209.36 points or by 2.2%. The major losers were H C L Technologies (2.86%), Infosys (2.05%), Hexaware Technologies (1.37%), Tech Mahindra (1.11%) and Oracle Financial Services Software (0.72%).

Market Breadth

Market breadth was negative with 1,402 advances against 1,349 declines.

Value and Volume Toppers

Reliance Industries topped the value chart on the BSE with a turnover of Rs. 681.52 million. It was followed by State Bank Of India (Rs. 643.00 million), Hindalco Industries (Rs. 641.60 million) and Larsen & Toubro (Rs. 547.62 million).

The volume chart was led by Cals Refineries with trades of over 9.23 million shares. It was followed by H C L Infosystems (8.34 million), Hindalco Industries (5.26 million) and Jaiprakash Associates (4.07 million).

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