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.
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
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
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
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
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
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 was negative with 1,227 advances against 1,216
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).