Sensex trades firm; banks, metal lead - The New Indian Express

Sensex trades firm; banks, metal lead

Published: 18th February 2014 01:18 PM

Last Updated: 18th February 2014 01:18 PM

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 components gaining.

Sensex Movers

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 Sensex.

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 (0.08%).

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 (0.47%).

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) (0.05%).

Market Breadth

Market breadth was negative with 1,246 advances against 892 declines.

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).

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