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
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.
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
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
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
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
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
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 was negative with 1,294 advances against 1,269
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