Sensex trades above 19,000; BHEL, ICICI Bank, HDFC rally - The New Indian Express

Sensex trades above 19,000; BHEL, ICICI Bank, HDFC rally

Published: 04th October 2012 12:18 PM

Last Updated: 04th October 2012 12:18 PM

Indian equities traded on a strong note on hopes of further reforms with Sensex breaching 19,000 level. Sustained buying is being witnessed in realty, banking and capital goods stocks. Both Sensex and Nifty were trading above 12-month high.

At 11.06 a.m., the Sensex was trading up 175.45 points or 0.93% at 19,045.14 with 21 components gaining. Meanwhile, the Nifty was trading higher by 55.40 points or 0.97% at 5,786.65 with 38 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 70.06 points or 0.37% at 18,939.75, while the broad based NSE Nifty started with a rise of 20.30 points or 0.35%, at 5,751.55.

Sensex Movers

ICICI Bank contributed rise of 53.83 points in the Sensex. It was followed by Housing Development Finance Corporation (31.8 points), HDFC Bank (24.38 points), Bharat Heavy Electricals (11.01 points) and Tata Motors (9.37 points).

However, Infosys contributed fall of 10.32 points in the Sensex. It was followed by Tata Consultancy Services (5.3 points), Mahindra & Mahindra (2.23 points), Hero Motocorp (1.89 points) and Sun Pharmaceutical Industries (0.48 points).

Biggest gainers in the 30-share index were Bharat Heavy Electricals (4.63%), ICICI Bank (3.66%), Housing Development Finance Corporation (2.23%), Dr Reddy"S Laboratories (2.06%), Bharti Airtel (1.73%), and HDFC Bank (1.73%).

On the other hand, Cipla (0.96%), Hero Motocorp (0.82%), Coal India (0.75%), Infosys (0.68%), Tata Consultancy Services (0.58%), and Mahindra & Mahindra (0.50%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.74% and 0.63% respectively.The major gainers in the BSE Midcap were Alstom India (2.79%), ABG Shipyard (0.59%), CORE Education and Technologies (0.23%), Amtek Auto (0.22%) and Allcargo Logistics (0.22%).The major gainers in the BSE Smallcap were Action Construction Equipment (1.9%), Styrolution ABS (India) (1.8%), Aanjaneya Lifecare (0.69%), A2Z Maintenance & Engineering Services (0.53%) and Aarti Industries (0.13%).

Sectors in Limelight

The Realty index was at 1,903.84, up by 51.01 points or by 2.75%. The major gainers were Indiabulls Real Estate (4.7%), DLF (3.36%), D B Realty (2.73%), Housing Development and Infrastructure (2.43%) and Godrej Properties (0.63%).

The Bankex index was at 13,364.13, up by 258.08 points or by 1.97%. The major gainers were HDFC Bank (1.73%), Federal Bank (1.39%), Bank Of Baroda (0.95%), Canara Bank (0.9%) and Bank Of India (0.13%).

The Capital Goods index was at 11,237.00, up by 156.14 points or by 1.41%. The major gainers were Bharat Heavy Electricals (4.63%), Alstom India (2.79%), BEML (1.76%), Bharat Electronics (1.2%) and ABB (1.15%).

On the other hand, the IT index was at 5,991.57, down by 33.28 points or by 0.55%. The major losers were Mphasis (3.54%), Hexaware Technologies (3.44%), Tech Mahindra (1%), Infosys (0.68%) and HCL Technologies (0.39%).

Market Breadth

Market breadth was positive with 1,547 advances against 881 declines.

Value and Volume Toppers

Reliance Capital topped the value chart on the BSE with a turnover of Rs. 356.55 million. It was followed by State Bank Of India (Rs. 306.51 million), United Spirits (Rs. 300.56 million) and Gujarat Gas Company (Rs. 229.27 million).

The volume chart was led by Cals Refineries with trades of over 10.33 million shares. It was followed by IVRCL (3.76 million), Birla Cotsyn (India) (2.82 million) and Unitech (2.66 million).

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