Sensex trades 107 points higher; GAIL, Wipro, Dr Reddy rise - The New Indian Express

Sensex trades 107 points higher; GAIL, Wipro, Dr Reddy rise

Published: 26th February 2014 05:18 PM

Last Updated: 26th February 2014 05:18 PM

Indian equities continues to trade higheron Wednesday. Healthcare, FMCG and capital goods stocks witnessed a rise whereas metal stocks registered a fall.

At 2.09 p.m., the Sensex was trading up 107.07 points or 0.51% at 20,959.54 with 21 components gaining. Meanwhile, the Nifty was trading higher by 27.40 points or 0.44% at 6,227.45 with 30 components gaining.

Sensex Movers

I T C contributed rise of 35.66 points in the Sensex. It was followed by State Bank Of India (10.99 points), Sun Pharmaceutical Industries (10.03 points), Reliance Industries (9.09 points) and HDFC Bank (8.75 points).

However, Tata Steel contributed fall of 8.34 points in the Sensex. It was followed by Oil & Natural Gas Corporation (5.73 points), Tata Power Company (2.76 points), DLF (2.36 points) and Jaiprakash Associates (2.35 points).

Biggest gainers in the 30-share index were GAIL (India) (2.45%), Wipro (2.41%), Dr Reddy's Laboratories (2.13%), Sun Pharmaceutical Industries (2.04%), I T C (1.58%), and State Bank Of India (1.38%).

On the other hand, Tata Steel (3.16%), Coal India (1.85%), Tata Power Company (1.36%), Jindal Steel & Power (0.93%), Maruti Suzuki India (0.67%), and Oil & Natural Gas Corporation (0.62%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.06% and 0.29% respectively.The major gainers in the BSE Midcap were Allcargo Logistics (4.69%), Alstom India (0.77%), A I A Engineering (0.34%), Aban Offshore (0.17%) and Amara Raja Batteries (0.08%).The major gainers in the BSE Smallcap were Reliance MediaWorks (3.94%), Aarti Industries (3.88%), Trident (2.7%), Dr Datsons Labs (2.41%) and Action Construction Equipment (2.12%).

Sectors in Limelight

The HC index was at 10,607.59, up by 94.30 points or by 0.90%. The major gainers were Dr Reddy'S Laboratories (2.13%), Cadila Healthcare (1.42%), Cipla (0.64%), Glenmark Pharmaceutical (0.43%) and Glaxo SmithKline Pharmaceuticals (0.29%).

The FMCG index was at 6,495.70, up by 53.87 points or by 0.84%. The major gainers were I T C (1.58%), United Breweries (1.49%), Hindustan Unilever (0.42%), Colgate-Palmolive (India) (0.1%) and Dabur India (0.09%).

The Capital Goods index was at 10,228.62, up by 69.29 points or by 0.68%. The major gainers were A B B India (6.94%), BEML (1.31%), Bharat Heavy Electricals (0.78%), Alstom India (0.77%) and A I A Engineering (0.34%).

On the other hand, the Metal index was at 8,557.25, down by 175.56 points or by 2.01%. The major losers were NMDC (3.95%), Coal India (1.85%), Hindustan Zinc (1.73%), Jindal Steel & Power (0.93%) and JSW Steel (0.62%).

Market Breadth

Market breadth was negative with 1,261 advances against 1,288 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 694.37 million. It was followed by Polaris Financial Technology (Rs. 575.32 million), A B B India (Rs. 336.85 million) and Tata Steel (Rs. 311.48 million).

The volume chart was led by Cals Refineries with trades of over 3.59 million shares. It was followed by Polaris Financial Technology (3.53 million), Goenka Diamond and Jewels (2.29 million) and Unitech (1.97 million).

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