Sensex remains positive; Tata Power, Reliance lead - The New Indian Express

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 gaining.

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.

Sensex Movers

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 Motocorp (0.65%).

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 (0.31%).

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 (0.05%).

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 (0.39%).

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

Market breadth was positive with 1,105 advances against 607 declines.

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 million).

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