Sensex remains positive; Tata Power, Reliance lead
Published: 31st December 2013 11:18 AM
Last Updated: 31st December 2013 11:18 AM
Indian equities remained higher in early trade on Tuesday. Oil
& gas, PSU and healthcare stocks registered a rise. At 10.27
a.m, the Sensex was trading up 62.92 points or 0.30% at 21,205.93
with 23 components gaining. Meanwhile, the Nifty was trading higher
by 16.00 points or 0.25% at 6,307.10 with 42 components
The 30-share benchmark index, BSE Sensex opened with a gain of
34.76 points or 0.16% at 21,177.77, while the broad based NSE Nifty
started with a rise of 16.25 points or 0.26%, at 6,307.35.
Reliance Industries contributed rise of
19.5 points in the Sensex. It was followed by I C I C I Bank (9.27
points), Tata Consultancy Services (7.79 points), Tata Motors (6.07
points) and Larsen & Toubro (5.75 points).
However, H D F C Bank contributed fall of 18.24 points in the
Sensex. It was followed by Bharat Heavy Electricals (0.7 points),
NTPC (0.43 points), Maruti Suzuki India (0.37 points) and Housing
Development Finance Corporation (0.31 points).
Biggest gainers in the 30-share index were Tata Power Company
(2.19%), Reliance Industries (1.07%), Coal India (1.05%), Tata
Motors (0.87%), Tata Consultancy Services (0.70%), and Hero
On the other hand, H D F C Bank (1.09%), Bharat Heavy
Electricals (0.33%), Maruti Suzuki India (0.13%), NTPC (0.11%),
Mahindra & Mahindra (0.05%), and Housing Development Finance
Corporation (0.02%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.54% and 0.42% respectively. The major
gainers in the BSE Midcap were CORE Education and Technologies
(2.59%), Alstom India (1.3%), A I A Engineering (1.03%), Aban
Offshore (0.92%) and Allahabad Bank (0.05%).The major gainers in
the BSE Smallcap were Adhunik Metaliks (2.66%), Dr Datsons Labs
(1.82%), Trident (0.88%), A2Z Maintenance & Engineering
Services (0.84%) and Styrolution ABS (India) (0.39%).
Sectors in Limelight
The Oil & Gas index was at 8,860.34, up by 71.87 points or
by 0.82%. The major gainers were Bharat Petroleum Corporation
(1.59%), Hindustan Petroleum Corporation (1.38%), Indian Oil
Corporation (1.25%), G A I L (India) (0.64%) and Cairn India
The PSU index was at 5,922.09, up by 31.39 points or by 0.53%.
The major gainers were Bank Of Baroda(0.57%), BEML (0.5%), Andhra
Bank (0.48%), Bank Of Maharashtra (0.28%) and Allahabad Bank
The HC index was at 9,991.91, up by 46.53 points or by 0.47%.
The major gainers were Divis Laboratories (0.81%), Biocon (0.68%),
Aurobindo Pharma (0.6%), Cipla (0.46%) and Cadila Healthcare
On the other hand, the Bankex index was at 12,972.20, down by
13.93 points or by 0.11%. The major losers were H D F C Bank
(1.09%), Bank Of India (0.51%), Kotak Mahindra Bank (0.33%) and
Axis Bank (0.02%).
Market breadth was positive with 1,105 advances against 607
Value and Volume Toppers
Apollo Tyres topped the value chart on the BSE with a turnover
of Rs. 232.63 million. It was followed by Tata Elxsi (Rs. 112.89
million), Wockhardt (Rs. 77.60 million) and Century Textiles &
Industries (Rs. 75.35 million).
The volume chart was led by Apollo Tyres with trades of over
2.22 million shares. It was followed by Syncom Formulations (India)
(1.51 million), Gati (1.38 million) and Cals Refineries (0.99