Sensex rises 52 points; HDFC Bank up; Infosys down - The New Indian Express

Sensex rises 52 points; HDFC Bank up; Infosys down

Published: 13th March 2014 03:18 PM

Last Updated: 13th March 2014 03:18 PM

Indian equities are trading slightly higher on Thursday. Oil & gas and banking stocks witnessed a rise whereas IT stocks registered a fall.

At 2.25 p.m., the Sensex was trading up 51.51 points or 0.24% at 21,907.73 with 23 components gaining. Meanwhile, the Nifty was trading higher by 28.55 points or 0.44% at 6,545.45 with 39 components gaining.

Sensex Movers

H D F C Bank contributed rise of 54.2 points in the Sensex. It was followed by Reliance Industries (39.55 points), I T C (26.93 points), Housing Development Finance Corporation (23.24 points) and Oil & Natural Gas Corporation (21.79 points).

However, Sun Pharmaceutical Industries contributed fall of 20.88 points in the Sensex. It was followed by Tata Consultancy Services (5.75 points), D L F (3.19 points), NTPC (1.9 points) and Wipro (0.19 points).

Major gainers in the 30-share index were H D F C Bank (3.14%), Hindalco Industries (2.92%), Mahindra & Mahindra (2.85%), Coal India (2.64%), Oil & Natural Gas Corporation (2.26%), and Hero Motocorp (2.18%).

On the other hand, Infosys (8.47%), Sun Pharmaceutical Industries (4.07%), Jindal Steel & Power (1.12%), Tata Consultancy Services (0.50%), NTPC (0.47%), and Wipro (0.06%) were the major losers in the Sensex.

Sectors in Limelight

The Oil & Gas index was at 9,267.69, up by 209.22 points or by 2.31%. The major gainers were Bharat Petroleum Corporation (8.66%), Hindustan Petroleum Corporation (6.72%), Indian Oil Corporation (6.13%), G A I L (India) (0.93%) and Cairn India (0.15%).

The Bankex index was at 13,983.83, up by 260.30 points or by 1.90%. The major gainers were H D F C Bank (3.14%), Canara Bank (2.63%), Bank Of India (2.36%), Bank Of Baroda (1.71%) and I C I C I Bank (1.1%).

On the other hand, the IT index was at 9,015.98, down by 339.4 points or by 3.63%. The major losers were Infosys (8.47%), Hexaware Technologies (2.56%), Mphasis (1.88%), Tech Mahindra (0.64%) and Oracle Financial Services Software (0.1%).

Market Breadth

Market breadth was negative with 1,421 advances against 1,291 declines.

Value and Volume Toppers

Infosys topped the value chart on the BSE with a turnover of Rs. 1,363.40 million. It was followed by Financial Technologies (India) (Rs. 506.58 million), HSIL (Rs. 452.20 million) and L&T Finance Holdings (Rs. 433.61 million).

The volume chart was led by L&T Finance Holdings with trades of over 5.35 million shares. It was followed by HSIL (3.65 million), Spicejet (2.96 million) and Shalimar Productions (2.70 million).

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