Indian equities remained flat amid volatility in the post noon
trade on Friday. Consumer durables and power stocks witnessed arise
while bankingstocks registered a fall.
The upward revision in the US GDP dataraised fear among
investorsabout tapering of Federal bond buying program. Investors
are also cautious ahead of US jobs data, which will be released
At 1.44 pm, the Sensex was trading down 6.81 points or 0.03% at
20,951 with 11 components falling. Meanwhile, the Nifty was trading
higher by 7 points or 0.11% at 6,248.10 with 31 components
Housing Development Finance Corporation
contributed fall of 24.43 points in the Sensex. It was followed by
H D F C Bank (19.11 points), Reliance Industries (13.83 points),
Infosys (11.71 points) and Bharti Airtel (5.81 points).
However, I T C contributed rise of 15.3 points in the Sensex. It
was followed by NTPC (11.97 points), Tata Power Company (8.28
points), Oil & Natural Gas Corporation (7.94 points) and Tata
Consultancy Services (5.44 points).
Biggest gainers in the 30-share index were Tata Power Company
(4.07%), Coal India (3.36%), NTPC (3.09%), Hero Motocorp (2.25%),
Dr Reddy"S Laboratories (0.89%), and Sun Pharmaceutical Industries
On the other hand, Housing Development Finance Corporation
(1.50%), Hindalco Industries (1.31%), H D F C Bank (1.16%), Bharti
Airtel (1.13%), Infosys (0.81%), and Reliance Industries (0.77%)
were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.43% and 0.27% respectively. The major
gainers in the BSE Midcap were Amara Raja Batteries (4.78%), A I A
Engineering (4.27%), A B G Shipyard (3.73%), Allahabad Bank (0.43%)
and Amtek Auto (0.28%).The major gainers in the BSE Smallcap were
Ahluwalia Contracts (India) (4.85%), Adhunik Metaliks (1.78%),
Reliance MediaWorks (1.19%), Advanta (0.97%) and Action
Construction Equipment (0.85%).
Sectors in Limelight
The Power index was at 1,699.72, up by 31.38 points or by 1.88%.
The major gainers were Crompton Greaves (1.97%), Adani Power
(1.4%), C E S C (0.55%), A B B India (0.48%) and Bharat Heavy
The Consumer Durables index was at 5,828.06, up by 90.65 points
or by 1.58%. The major gainers were Whirlpool Of India (3.87%),
Gitanjali Gems (3.48%), Blue Star (1.69%), Bajaj Electricals
(0.65%) and Symphony (0.22%).
The PSU index was at 5,940.34, up by 71.56 points or by 1.22%.
The major gainers were BEML (6.27%), Bank Of India (0.99%), Balmer
Lawrie & Company (0.94%), Bank Of Baroda (0.58%) and Allahabad
On the other hand, the Bankex index was at 13,266.73, down by
31.53 points or by 0.24%. The major losers were H D F C Bank
(1.16%), Yes Bank (1.05%), Kotak Mahindra Bank (1.05%), IDBI Bank
(0.3%) and I C I C I Bank (0.18%).
Market breadth was negative with 1,185 advances against 1,130
Value and Volume Toppers
Infosys topped the value chart on the BSE with a turnover of Rs.
339.54 million. It was followed by Tata Motors (Rs. 224.81
million), Axis Bank (Rs. 215.09 million) and State Bank Of India
(Rs. 202.11 million).
The volume chart was led by Cals Refineries with trades of over
3.55 million shares. It was followed by I V R C L (2.94 million),
Unitech (1.99 million) and Adani Power (1.66 million).