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