Sensex remains flat; Tata Steel, Wipro, JSPL surge - The New Indian Express

Sensex remains flat; Tata Steel, Wipro, JSPL surge

Published: 21st March 2014 03:18 PM

Last Updated: 21st March 2014 03:18 PM

Indian equities continues to trade flat amid volatilityin the post noon tradeon Friday. Metal, realty and consumer durables stocks gained groundwhereas oil & gasregistered a fall.

At 2.17 p.m., the Sensex was trading up 10.39 points or 0.05% at 21,750.48 with 17 components gaining. Meanwhile, the Nifty was trading higher by 17.25 points or 0.27% at 6,500.35 with 31 components gaining.

Sensex Movers

Tata Motors contributed rise of 12.09 points in the Sensex. It was followed by Tata Steel (10.73 points), Wipro (10.42 points), State Bank Of India (7.91 points) and Hindustan Unilever (7.52 points).

However, Reliance Industries contributed fall of 32.93 points in the Sensex. It was followed by Oil & Natural Gas Corporation (14.6 points), Housing Development Finance Corporation (10.18 points), Infosys (7.91 points) and Sun Pharmaceutical Industries (7.29 points).

Major gainers in the 30-share index were Tata Steel (3.91%), Wipro (3.42%), Jindal Steel & Power (3.12%), Hindalco Industries (2.35%), G A I L (India) (1.85%), and Tata Motors (1.68%).

On the other hand, Reliance Industries (1.77%), Oil & Natural Gas Corporation (1.52%), Hero Motocorp (1.47%), Sun Pharmaceutical Industries (1.43%), NTPC (0.99%), and Mahindra & Mahindra (0.70%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.73% and 0.71% respectively. The major gainers in the BSE Midcap were A B G Shipyard (2.08%), Aban Offshore (0.87%), Allahabad Bank (0.87%), A I A Engineering (0.59%) and CORE Education and Technologies (0.32%).The major gainers in the BSE Smallcap were Action Construction Equipment (2.62%), Dr Datsons Labs (1.94%), Styrolution ABS (India) (1.61%), Trident (0.35%) and Adhunik Metaliks (0.24%).

Sectors in Limelight

The Metal index was at 9,256.43, up by 225.29 points or by 2.49%. The major gainers were JSW Steel (3.55%), Jindal Steel & Power (3.12%), Hindalco Industries (2.35%), Coal India (1.15%) and Hindustan Zinc (0.83%).

The Realty index was at 1,370.63, up by 25.63 points or by 1.91%. The major gainers were Housing Development and Infrastructure (5.05%), D L F (2.27%), Godrej Properties (1.39%), Anant Raj (0.84%) and Indiabulls Real Estate (0.1%).

The Consumer Durables index was at 6,245.63, up by 61.07 points or by 0.99%. The major gainers were Symphony (3.25%), Whirlpool Of India (2.45%), Bajaj Electricals (2.35%), Blue Star (1.72%) and Titan Company (1.05%).

On the other hand, the Oil & Gas index was at 9,125.88, down by 102.18 points or by 1.11%. The major losers were Indian Oil Corporation (2.67%), Hindustan Petroleum Corporation (1.28%), Bharat Petroleum Corporation (0.68%), Oil India (0.37%) and Castrol India (0.21%).

Market Breadth

Market breadth was negative with 1,480 advances against 1,232 declines.

Value and Volume Toppers

Axis Bank topped the value chart on the BSE with a turnover of Rs. 72,348.96 million. It was followed by Dewan Housing Finance Corporation (Rs. 3,738.72 million), Tata Consultancy Services (Rs. 658.52 million) and I C I C I Bank (Rs. 447.55 million).

The volume chart was led by Axis Bank with trades of over 51.98 million shares. It was followed by Dewan Housing Finance Corporation (17.18 million), Unitech (3.54 million) and Unno Industries (2.27 million).

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