Sensex surges 263 points to close above 21,200 - The New Indian Express

Sensex surges 263 points to close above 21,200

Published: 04th March 2014 04:18 PM

Last Updated: 04th March 2014 04:18 PM

Indian markets settled on a positive note on Tuesday supported byFIIs as they were net buyers on Monday. Metal and banking stocks registered a gain whereas healthcare stocks witnessed a fall.

At the close, the benchmark 30-share index, BSE Sensex gained 263.08 points or 1.26% at 21,209.73 with 27 components posting rise. Meanwhile, the broad based NSE Nifty went up by 76.50 points or 1.23% at 6,297.95 with 46 components registering rise.

Sensex Movers

I C I C I Bank contributed rise of 61.07 points in the Sensex. It was followed by Housing Development Finance Corporation (26.45 points), Reliance Industries (23.75 points), Oil & Natural Gas Corporation (19.85 points) and Larsen & Toubro (19.37 points).

However, Sun Pharmaceutical Industries contributed fall of 2.42 points in the Sensex. It was followed by Jaiprakash Associates (1.27 points),Reliance Communications (1.49 points) and D L F (1.64 points).

Biggest gainers in the 30-share index were Hindalco Industries (8.25%), I C I C I Bank (3.61%), G A I L (India) (3.49%), Bharat Heavy Electricals (2.49%), Jindal Steel & Power (2.46%), and NTPC (2.29%).

On the other hand, Sun Pharmaceutical Industries (0.49%), and Dr Reddy's Laboratories (0.40%) were the biggest losers in the Sensex.

Sectors in Limelight

The Metal index was at 8,945.34, up by 297.33 points or by 3.44%. The major gainers were Hindalco Industries (8.25%), Hindustan Zinc (4.15%), JSW Steel (2.51%), Jindal Steel & Power (2.46%) and Coal India (0.98%).

The Bankex index was at 12,482.03, up by 301.36 points or by 2.47%. The major gainers were Bank Of Baroda(5.85%), Bank Of India (3.77%), I C I C I Bank (3.61%), Canara Bank (3.33%) and H D F C Bank (0.5%).

On the other hand, the HC index was at 10,637.15, down by 34.61 points or by 0.32%. The major losers were Glaxo SmithKline Pharmaceuticals (2.72%), Cadila Healthcare (0.69%), Dr Reddy's Laboratories (0.4%), Divis Laboratories (0.26%) and Apollo Hospitals Enterprise (0.18%).

Market Breadth

Market breadth was positive with 1,664 advances against 1,126 declines.

Value and Volume Toppers

Wockhardt topped the value chart on the BSE with a turnover of Rs. 379.90 million. It was followed by Yes Bank (Rs. 376.70 million), State Bank Of India (Rs. 325.52 million) and Axis Bank (Rs. 317.89 million).

The volume chart was led by I V R C L with trades of over 2.51 million shares. It was followed by Jaiprakash Associates (2.33 million), Jaiprakash Power Ventures (2.16 million) and Dhanlaxmi Bank (2.15 million).

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