Sensex trades 263 points higher; banks lead - The New Indian Express

Sensex trades 263 points higher; banks lead

Published: 05th December 2013 03:18 PM

Last Updated: 05th December 2013 03:18 PM

Indian equities are trading higher on Thursday. The sentiments in the market remained positive as exit poll results predicted decisive win for the BJP in 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 2.33 p.m., the Sensex was trading up 261.62 points or 1.26% at 20,970.33 with 18 components gaining. Meanwhile, the Nifty was trading higher by 76.05 points or 1.23% at 6,237.00 with 35 components gaining.

Sensex Movers

H D F C Bank contributed rise of 75.56 points in the Sensex. It was followed by Larsen & Toubro (45.55 points), Housing Development Finance Corporation (32.21 points), Reliance Industries (30.33 points) and State Bank Of India (15.96 points).

However, I T C contributed fall of 33.07 points in the Sensex. It was followed by Sun Pharmaceutical Industries (8.38 points), Tata Consultancy Services (6.38 points), Infosys (5.59 points) and NTPC (3.73 points).

Biggest gainers in the 30-share index were I C I C I Bank (6.23%), H D F C Bank (4.57%), Larsen & Toubro (4.33%), Bharat Heavy Electricals (3.47%), Maruti Suzuki India (3.35%), and Coal India (3.16%).

On the other hand, Sun Pharmaceutical Industries (1.71%), I T C (1.47%), Dr Reddy'S Laboratories (1.32%), NTPC (0.96%), Tata Consultancy Services (0.58%), and Infosys (0.39%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.29% and 0.26% respectively.The major gainers in the BSE Midcap were Allcargo Logistics (4.72%), Allahabad Bank (2.46%), Alstom India (0.37%), A B G Shipyard (0.17%) and Aban Offshore (0.01%).The major gainers in the BSE Smallcap were Aarti Industries (3.93%), Reliance MediaWorks (2.34%), Action Construction Equipment (0.93%), Adhunik Metaliks (0.9%) and Aegis Logistics (0.13%).

Sectors in Limelight

The Bankex index was at 13,307.43, up by 574.67 points or by 4.51%. The major gainers were Canara Bank(4.93%), H D F C Bank (4.57%), Bank Of Baroda (3.39%), Bank Of India (2.72%) and Federal Bank (1.22%).

The Capital Goods index was at 10,202.87, up by 358.90 points or by 3.65%. The major gainers were A B B India (5.77%), Bharat Heavy Electricals (3.47%), BEML (2.91%), Alstom India (0.37%) and Bharat Electronics (0.08%).

The Realty index was at 1,365.43, up by 22.51 points or by 1.68%. The major gainers were D L F (2.29%), Housing Development and Infrastructure (2.14%), Anant Raj (1.36%), Indiabulls Real Estate (0.96%) and Godrej Properties (0.84%).

On the other hand, the HC index was at 9,505.67, down by 113.69 points or by 1.18%. The major losers were Dr Reddy'S Laboratories (1.32%), Aurobindo Pharma (1.27%), Glaxo SmithKline Pharmaceuticals (0.64%), Divis Laboratories (0.11%) and Cipla (0.08%).

Market Breadth

Market breadth was negative with 1,227 advances against 1,216 declines.

Value and Volume Toppers

I C I C I Bank topped the value chart on the BSE with a turnover of Rs. 752.31 million. It was followed by Yes Bank (Rs. 534.94 million), Strides Arcolab (Rs. 494.59 million) and State Bank Of India (Rs. 463.76 million).

The volume chart was led by Unitech with trades of over 6.84 million shares. It was followed by I V R C L (5.09 million), Cals Refineries (3.44 million) and Adani Power (3.15 million).

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