Sensex turns positive; Bankex, IT, Healthcare lead
Published: 22nd October 2012 12:18 PM
Last Updated: 22nd October 2012 12:18 PM
Indian markets turned positive to tradeflat led by banking,
ITand healthcare stocks. At 11.05 a.m., the Sensex was trading up
24.58 points or 0.13% at 18,706.89 with 18 components gaining.
Meanwhile, the Nifty was trading higher by 2.60 points or 0.05% at
5,686.85 with 27 components gaining.
The 30-share benchmark index, BSE Sensex opened with a decline
of 26.38 points or 0.14% at 18,655.93, while the broad based NSE
Nifty started with a fall of 16.65 points or 0.29%, at
ICICI Bank contributed rise of 24.51 points in the Sensex. It
was followed by Tata Consultancy Services (17.75 points), HDFC Bank
(10.62 points), Reliance Industries (6.74 points) and Mahindra
& Mahindra (4.85 points).
However, ITC contributed fall of 29.61 points in the Sensex. It
was followed by Housing Development Finance Corporation (8.38
points), Tata Motors (6.52 points), Larsen & Toubro (4.05
points) and State Bank Of India (2.97 points).
Major gainers in the 30-share index were Tata Consultancy
Services (1.97%), ICICI Bank (1.72%), Dr Reddy's Laboratories
(1.47%), Cipla (1.28%), NTPC (1.20%), and Mahindra & Mahindra
On the other hand, ITC (1.61%), Tata Motors (1.08%), Sterlite
Industries (India) (1.05%), Jindal Steel & Power (1.02%),
Housing Development Finance Corporation (0.62%), and Sun
Pharmaceutical Industries (0.58%) were the major losers in the
Mid & Small-cap Space
The BSE Midcap and Smallcap index rose 0.23% and 0.38%
Sectors in Limelight
The IT index was at 5,738.46, up by 38.09 points or by 0.67%.
The major gainers were CORE Education and Technologies (0.63%),
Tech Mahindra (0.5%), Oracle Financial Services Software (0.42%),
Mphasis (0.17%) and Infosys (0.07%).
The Bankex index was at 13,275.63, up by 82.58 points or by
0.63%. The major gainers were ICICI Bank (1.72%), Federal Bank
(1.68%), Canara Bank (1.61%), HDFC Bank (0.76%) and Bank Of India
The FMCG index was at 5,851.10, down by 50.87 points or by
0.86%. The major losers were United Spirits (2.06%), ITC (1.61%),
Jubilant FoodWorks (0.94%), Godrej Consumer Products (0.78%) and
Colgate-Palmolive (India) (0.46%).The Realty index was at 1,832.73,
down by 11.42 points or by 0.62%. The major losers were Parsvnath
Developers (4.11%), Godrej Properties (1.06%), Housing Development
and Infrastructure (0.68%), DLF (0.53%) and DB Realty (0.51%).
Market breadth was negative with 1,150 advances against 1,073
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 222.21 million. It was followed by United Spirits
(Rs. 185.76 million), Tribhovandas Bhimji Zaveri (Rs. 164.71
million) and Tata Consultancy Services (Rs. 157.56 million).
The volume chart was led by Dazzel Confindive with trades of
over 2.32 million shares. It was followed by Subex (2.10 million),
GCV Services (1.27 million) and Firstsource Solutions (1.21