Sensex, rupee jump as BJP leads exit polls - The New Indian Express

Sensex, rupee jump as BJP leads exit polls

Published: 05th December 2013 04:18 PM

Last Updated: 05th December 2013 04:18 PM

Indian stock markets and rupeerallied on Thursday as the exit poll results predicted decisive win for the BJP in the state elections for Rajasthan, Madhya Pradesh, Chhattisgarh and Delhi.

The results for these assembly polls will come on Sunday, December 8. If the results are in line with the exit polls, the market would think that BJP could emerge as the lead party in the 2014 elections.

At the close, the benchmark 30-share index, BSE Sensex added 249.10 points or 1.20% at 20,957.81 with 20 components posting rise. Meanwhile, the broad based NSE Nifty climbed by 76.45 points or 1.24% at 6,237.40 with 35 components registering rise.

Rupee, on the other hand, strengthened 34 paise or 0.55% against US dollar to 61.71 as at 4 pm.

Sensex Movers

H D F C Bank contributed rise of 74.76 points in the Sensex. It was followed by Larsen & Toubro (47.19 points), Reliance Industries (28.42 points), Housing Development Finance Corporation (25.77 points) and State Bank Of India (14.84 points).

However, I T C contributed fall of 31.26 points in the Sensex. It was followed by Sun Pharmaceutical Industries (10.99 points), Tata Consultancy Services (6.84 points), Hindustan Unilever (6.08 points) and Infosys (5.95 points).

Major gainers in the 30-share index were I C I C I Bank (6.66%), H D F C Bank (4.52%), Larsen & Toubro (4.49%), Bharat Heavy Electricals (3.93%), Maruti Suzuki India (3.67%), and Coal India (2.87%).

On the other hand, Sun Pharmaceutical Industries (2.24%), Dr Reddy'S Laboratories (1.52%), I T C (1.39%), NTPC (0.96%), Hindustan Unilever (0.90%), and Tata Motors (0.69%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.13% and 0.39% respectively.The major gainers in the BSE Midcap were Allcargo Logistics (4.05%), Allahabad Bank (3.29%), Aban Offshore (0.85%), A I A Engineering (0.18%) and A B G Shipyard (0.06%).The major gainers in the BSE Smallcap were Dr Datsons Labs (3.77%), Aarti Industries (2.73%), Adhunik Metaliks (0.9%), Styrolution ABS (India) (0.79%) and Action Construction Equipment (0.29%).

Sectors in Limelight

The Bankex index was at 13,298.26, up by 565.50 points or by 4.44%. The major gainers were Canara Bank(5.75%), H D F C Bank (4.52%), Bank Of Baroda (3.58%), Bank Of India (2.64%) and Federal Bank (0.64%).

The Capital Goods index was at 10,197.06, up by 353.09 points or by 3.59%. The major gainers were A B B India (4.67%), Crompton Greaves (4.1%), Bharat Heavy Electricals (3.93%), BEML (2.94%) and A I A Engineering (0.18%).

The PSU index was at 5,868.78, up by 87.34 points or by 1.51%. The major gainers were Bank Of Baroda(3.58%), Allahabad Bank (3.29%), Bank Of India (2.64%), Andhra Bank (2.31%) and Bank Of Maharashtra (1.32%).

On the other hand, the HC index was at 9,478.35, down by 141.01 points or by 1.47%. The major losers were Dr Reddy'S Laboratories (1.52%), Aurobindo Pharma (1.48%), Glaxo SmithKline Pharmaceuticals (1.27%), Cipla (0.65%) and Divis Laboratories (0.45%).

Market Breadth

Market breadth was negative with 1,294 advances against 1,269 declines.

Value and Volume Toppers

I C I C I Bank topped the value chart on the BSE with a turnover of Rs. 902.94 million. It was followed by Yes Bank (Rs. 775.93 million), State Bank Of India (Rs. 566.55 million) and Strides Arcolab (Rs. 559.90 million).

The volume chart was led by I V R C L with trades of over 8.84 million shares. It was followed by Unitech (8.19 million), Adani Power (3.67 million) and GVK Power & Infrastructure (3.21 million).

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