Sensex remains higher post interim budget; consumer durables, metal down - The New Indian Express

Sensex remains higher post interim budget; consumer durables, metal down

Published: 17th February 2014 01:18 PM

Last Updated: 17th February 2014 01:18 PM

Indian equities remained higher post interim budget 2014-15 on Monday. Finance Minister P Chidambaram has presented interim budget in the Lok Sabha today. Consumer durables, metal and oil & gas stocks witnessed afall whereasbanking stocks gained.At 12.31 p.m., the Sensex was trading up 45.64 points or 0.22% at 20,412.46 with 15 components gaining. Meanwhile, the Nifty was trading higher by 19.45 points or 0.32% at 6,067.80 with 24 components gaining.

Sensex Movers

Housing Development Finance Corporation contributed rise of 23.25 points in the Sensex. It was followed by H D F C Bank (21.58 points), I C I C I Bank (14.5 points), Tata Power Company (8.45 points) and Infosys (5.95 points).

However, Reliance Industries contributed fall of 23.32 points in the Sensex. It was followed by Tata Consultancy Services (5.57 points), Sun Pharmaceutical Industries (2.9 points), Hindalco Industries (2.75 points) and Wipro (2.28 points).

Biggest gainers in the 30-share index were Tata Power Company (4.27%), Dr Reddy'S Laboratories (1.93%), Hero Motocorp (1.70%), Housing Development Finance Corporation (1.46%), H D F C Bank (1.34%), and I C I C I Bank (0.89%).

On the other hand, Hindalco Industries (1.75%), Reliance Industries (1.33%), Coal India (1.21%), Wipro (0.80%), Jindal Steel & Power (0.62%), and Sun Pharmaceutical Industries (0.61%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts declining -0.34% and -0.07% respectively.The major losers in the BSE Midcap were A B G Shipyard (5.43%), CORE Education and Technologies (4.83%), A I A Engineering (2.04%), Aban Offshore (1.67%) and Allahabad Bank (0.88%).The major losers in the BSE Smallcap were Dr Datsons Labs (7.64%), A2Z Maintenance & Engineering Services (2.44%), Aarti Industries (1.75%), Trident (0.9%) and Styrolution ABS (India) (0.06%).

Sectors in Limelight

The Consumer Durables index was at 5,628.64, down by 84.61 points or by 1.48%. The major losers were Bajaj Electricals (1.05%), Gitanjali Gems (0.54%), Rajesh Exports (0.32%), Whirlpool Of India (0.28%) and Blue Star (0.21%).

The Metal index was at 8,932.25, down by 121.03 points or by 1.34%. The major losers were Hindalco Industries (1.75%), Coal India (1.21%), Jindal Steel & Power (0.62%), Hindustan Zinc (0.48%) and Bhushan Steel (0.26%).

The Oil & Gas index was at 8,325.79, down by 60.58 points or by 0.72%. The major losers were Hindustan Petroleum Corporation (1.08%), Indian Oil Corporation (0.48%), Bharat Petroleum Corporation (0.39%), Cairn India (0.06%) and Oil & Natural Gas Corporation (0.05%).

On the other hand, the Bankex index was at 11,729.65, up by 71.87 points or by 0.62%. The major gainers were H D F C Bank (1.34%), I C I C I Bank (0.89%), IDBI Bank (0.45%), Indusind Bank (0.17%) and Canara Bank (0.09%).

Market Breadth

Market breadth was negative with 1,017 advances against 1,219 declines.

Value and Volume Toppers

Page Industries topped the value chart on the BSE with a turnover of Rs. 862.59 million. It was followed by V-Mart Retail (Rs. 489.59 million), Tata Elxsi (Rs. 271.02 million) and Dhanuka Agritech (Rs. 242.74 million).

The volume chart was led by V-Mart Retail with trades of over 1.80 million shares. It was followed by Suzlon Energy (1.37 million), Dhanuka Agritech (1.30 million) and Opto Circuits (India) (1.20 million).

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