Sensex trades firm; IT, FMGC rally - The New Indian Express

Sensex trades firm; IT, FMGC rally

Published: 27th December 2013 04:18 PM

Last Updated: 27th December 2013 04:18 PM

Indian equities continued to trade firmtowards the close on Friday led by gains in IT and FMCG stocks while oil & gas and auto witnessed selling.

At 3 p.m., the Sensex was trading up 122.67 points or 0.58% at 21,197.26 with 16 components gaining. Meanwhile, the Nifty was trading higher by 39.20 points or 0.62% at 6,318.10 with 28 components gaining.

Sensex Movers

Tata Consultancy Services contributed rise of 27.72 points in the Sensex. It was followed by Housing Development Finance Corporation (22.86 points), I T C (19.57 points), Infosys (18.97 points) and I C I C I Bank (12.94 points).

However, Reliance Industries contributed fall of 14.63 points in the Sensex. It was followed by Maruti Suzuki India (2.81 points), Bharat Heavy Electricals (2.38 points), Jaiprakash Associates (1.68 points) and Tata Steel (1.16 points).

Biggest gainers in the 30-share index were Tata Consultancy Services (2.49%), Cipla (1.79%), Housing Development Finance Corporation (1.39%), Hindustan Unilever (1.36%), Wipro (1.34%), and Infosys (1.30%).

On the other hand, Bharat Heavy Electricals (1.14%), Maruti Suzuki India (0.97%), Bajaj Auto (0.92%), Reliance Industries (0.81%), Hero Motocorp (0.54%), and Tata Steel (0.44%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.30% and 0.24% respectively.The major gainers in the BSE Midcap were Aban Offshore (6.3%), A B G Shipyard (1.53%), A I A Engineering (0.51%), Allcargo Logistics (0.39%) and Alstom India (0.35%).The major gainers in the BSE Smallcap were Aarti Industries (2.93%), Trident (2.45%), Styrolution ABS (India) (1.42%), Dr Datsons Labs (1.2%) and Action Construction Equipment (1.03%).

Sectors in Limelight

The IT index was at 9,125.82, up by 134.77 points or by 1.50%. The major gainers were Hexaware Technologies (3.71%), Tata Consultancy Services (2.49%), Oracle Financial Services Software (1.97%), Tech Mahindra (1.57%) and Infosys (1.3%).

The TECk index was at 5,065.60, up by 60.10 points or by 1.20%. The major gainers were G T L Infrastructure (4.95%), Deccan Chronicle Holdings (4.19%), Oracle Financial Services Software (1.97%), Idea Cellular (0.57%) and D B Corp (0.3%).

The FMCG index was at 6,561.79, up by 50.51 points or by 0.78%. The major gainers were Godrej Consumer Products (2.72%), Jubilant FoodWorks (1.75%), Hindustan Unilever (1.36%), I T C (0.86%) and Colgate-Palmolive (India) (0.71%).

Market Breadth

Market breadth was negative with 1,344 advances against 1,136 declines.

Value and Volume Toppers

Tata Elxsi topped the value chart on the BSE with a turnover of Rs. 531.45 million. It was followed by Aban Offshore (Rs. 304.32 million), Infosys (Rs. 276.62 million) and Multi Commodity Exchange of India (Rs. 261.03 million).

The volume chart was led by Lanco Infratech with trades of over 3.10 million shares. It was followed by Opto Circuits (India) (2.73 million), Marksans Pharma (2.57 million) and Gitanjali Gems (2.52 million).

From Around the Web