Indian markets remained higher in the noon trade on Tuesday led
by gains in banking, metal and capital goods whereas select FMCG
stocks saw profit booking.
At 12 noon., the Sensex was trading up 150.48 points or 0.74% at
20,614.54 with 19 components gaining. Meanwhile, the Nifty was
trading higher by 48.75 points or 0.80% at 6,122.05 with 36
I C I C I Bank contributed rise of 46.44 points in the Sensex.
It was followed by Housing Development Finance Corporation (42.84
points), H D F C Bank (26.25 points), State Bank Of India (14.64
points) and Reliance Industries (7.84 points).
However, I T C contributed fall of 11.76 points in the Sensex.
It was followed by Bharti Airtel (4.97 points), Tata Power Company
(2.45 points), D L F (1.21 points) and Oil & Natural Gas
Corporation (0.82 points).
Biggest gainers in the 30-share index were Jindal Steel &
Power (5.17%), I C I C I Bank (2.82%), Housing Development Finance
Corporation (2.67%), State Bank Of India (1.87%), Tata Steel
(1.71%), and H D F C Bank (1.61%).
On the other hand, Tata Power Company (1.23%), Bharti Airtel
(0.98%), G A I L (India) (0.63%), Dr Reddy's Laboratories (0.59%),
I T C (0.53%), and Bajaj Auto (0.32%) were the major losers in the
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts gaining 0.55% and 0.48% respectively.The major gainers
in the BSE Midcap were Allahabad Bank(2.73%), Aban Offshore
(2.23%), Alstom India (1.13%), A I A Engineering (0.93%) and A B G
Shipyard (0.82%).The major gainers in the BSE Smallcap were Trident
(1.76%), Aarti Industries (1.66%), Styrolution ABS (India) (0.91%),
Action Construction Equipment (0.76%) and Dr Datsons Labs
Sectors in Limelight
The Bankex index was at 12,051.60, up by 253.23 points or by
2.15%. The major gainers were Bank Of India (2.09%), Canara Bank
(2%), Bank Of Baroda (1.62%), H D F C Bank (1.61%) and Federal Bank
The Metal index was at 9,093.95, up by 104.88 points or by
1.17%. The major gainers were Jindal Steel & Power (5.17%), JSW
Steel (2.63%), Hindalco Industries (1.47%), Sesa Sterlite (0.69%)
and NMDC (0.04%).
On the other hand, the FMCG index was at 6,396.67, down by 8.23
points or by 0.13%. The major losers were Dabur India (0.55%), I T
C (0.53%), United Breweries (0.18%) and Colgate-Palmolive (India)
Market breadth was negative with 1,246 advances against 892
Value and Volume Toppers
Godrej Consumer Products topped the value chart on the BSE with
a turnover of Rs. 875.60 million. It was followed by State Bank Of
India (Rs. 680.89 million), Infosys (Rs. 635.27 million) and Aban
Offshore (Rs. 270.99 million).
The volume chart was led by Godrej Consumer Products with trades
of over 1.15 million shares. It was followed by Spicejet (1.11
million), Cals Refineries (1.04 million) and Hathway Cable and
Datacom (0.58 million).