Sensex flat with positive bias at open - The New Indian Express

Sensex flat with positive bias at open

Published: 11th October 2012 10:18 AM

Last Updated: 11th October 2012 10:18 AM

Indian equities are trading flat with positive bias in early trade onThursday. At 09.19 a.m., the Sensex was trading up 17.98 points or 0.10% at 18,649.08 with 21 components gaining. Meanwhile, the Nifty was trading higher by 8.90 points or 0.16% at 5,661.05 with 39 components gaining.

The 30-share benchmark index, BSE Sensex opened flat with a decline of 3.73 points or 0.02% at 18,627.37, while the broad based NSE Nifty started with a rise of 11.35 points or 0.20%, at 5,663.50.

Sensex Movers

Reliance Industries contributed rise of 8.79 points in the Sensex. It was followed by I C I C I Bank (8.27 points), Tata Motors (4.34 points), H D F C Bank (4.25 points) and Oil & Natural Gas Corporation (3.32 points).

However, Infosys contributed fall of 9.04 points in the Sensex. It was followed by Mahindra & Mahindra (2.25 points), Bharat Heavy Electricals (1.71 points), Housing Development Finance Corporation (1.32 points) and State Bank Of India (1.06 points).

Biggest gainers in the 30-share index were Wipro (0.75%), Tata Motors (0.71%), Tata Power Company (0.70%), Coal India (0.62%), Jindal Steel & Power (0.61%), and I C I C I Bank (0.57%).

On the other hand, Bharat Heavy Electricals (0.73%), Infosys (0.61%), Mahindra & Mahindra (0.52%), Dr Reddy"S Laboratories (0.40%), Sterlite Industries (India) (0.25%), and State Bank Of India (0.15%) were the major losers in the Sensex.

Sectors in Limelight

The Oil & Gas index was at 8,562.83, up by 44.50 points or by 0.52%. The major gainers were Cairn India (0.81%), G A I L (India) (0.53%), Bharat Petroleum Corporation (0.46%), Hindustan Petroleum Corporation (0.27%) and Indian Oil Corporation (0.15%).

The Realty index was at 1,811.51, up by 8.34 points or by 0.46%. The major gainers were Unitech (5.4%), Phoenix Mills (1.3%), D L F (0.85%), Anant Raj Industries (0.82%) and Indiabulls Real Estate (0.58%).

The Metal index was at 10,493.46, up by 34.67 points or by 0.33%. The major gainers were Coal India (0.62%), Jindal Steel & Power (0.61%), Bhushan Steel (0.44%), Hindalco Industries (0.39%) and Hindustan Zinc (0.11%).

On the other hand, the IT index was at 5,830.73, down by 13.4 points or by 0.23%. The major losers were Oracle Financial Services Software (0.95%), Infosys (0.61%) and Hexaware Technologies (0.3%).

Market Breadth

Market breadth was positive with 573 advances against 237 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 98.36 million. It was followed by State Bank Of India (Rs. 29.60 million), Reliance Capital (Rs. 20.65 million) and Tata Steel (Rs. 18.34 million).

The volume chart was led by Cals Refineries with trades of over 0.38 million shares. It was followed by Unitech (0.33 million), Suzlon Energy (0.28 million) and Vakrangee Softwares (0.27 million).

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