Indian equities gained strengthas the day progressed afterUS
President Barack Obama won the election. Realty, banking and metal
stocks gained the most.At 10.55 a.m., the Sensex was trading up
104.06 points or 0.55% at 18,921.44 with 25 components gaining.
Meanwhile, the Nifty was trading higher by 31.15 points or 0.54% at
5,755.55 with 42 components gaining.
The US President and Democratic Party's nominee Barack Obama won
election and secured second term as 45th President beating rival
the Republican Party's nominee for President Mitt Romney.
The 30-share benchmark index, BSE Sensex opened flat with a
decline of 14.56 points or 0.08% at 18,802.82, while the broad
based NSE Nifty started with a fall of 5.80 points or 0.10%, at
ICICI Bank contributed rise of 20.55 points in the Sensex. It
was followed by Housing Development Finance Corporation (17.71
points), State Bank Of India (14.51 points), Larsen & Toubro
(9.35 points) and H D F C Bank (6.3 points).
However, Reliance Industries contributed fall of 6.34 points in
the Sensex. It was followed by Bharti Airtel (5.42 points),
Hindustan Unilever (5.09 points), Tata Power Company (2.84 points)
and Oil & Natural Gas Corporation (0.66 points).
Major gainers in the 30-share index were State Bank Of India
(2.08%), Jindal Steel & Power (1.63%), Sterlite Industries
(India) (1.52%), I C I C I Bank (1.38%), Hindalco Industries
(1.33%), and Tata Steel (1.30%).
On the other hand, Tata Power Company (1.36%), Bharti Airtel
(1.28%), Hindustan Unilever (0.71%), Reliance Industries (0.37%),
and Oil & Natural Gas Corporation (0.09%) were the major losers
in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.83% and 0.69% respectively. The major
gainers in the BSE Midcap were A I A Engineering (2%), Allahabad
Bank (1.94%), A B G Shipyard (1.42%), Aban Offshore (1.05%) and
Amara Raja Batteries (0.87%).The major gainers in the BSE Smallcap
were A2Z Maintenance & Engineering Services (2.42%), Trident
(1.82%), Adhunik Metaliks (1.81%), Action Construction Equipment
(0.95%) and Styrolution ABS (India) (0.19%).
Sectors in Limelight
The Realty index was at 1,871.02, up by 23.36 points or by
1.26%. The major gainers were D B Realty (6.08%), Anant Raj
Industries (3.78%), Indiabulls Real Estate (1.63%), D L F (1.48%)
and Godrej Properties (0.13%).
The Bankex index was at 13,395.49, up by 139.60 points or by
1.05%. The major gainers were Bank Of India(2.15%), Bank Of Baroda
(1.44%), Federal Bank (1.38%), Canara Bank (1.23%) and H D F C Bank
The Metal index was at 10,369.95, up by 102.78 points or by
1.00%. The major gainers were Jindal Steel & Power (1.63%), JSW
Steel (1.37%), Hindalco Industries (1.33%), Sesa Goa (1.14%) and
Coal India (0.1%).
On the other hand, the Oil & Gas index was at 8,353.56, down
by 10.02 points or by 0.12%. The major losers were Oil India
(0.86%), Gujarat State Petronet (0.53%), Reliance Industries
(0.37%), Bharat Petroleum Corporation (0.19%) and Oil & Natural
Gas Corporation (0.09%).
Market breadth was positive with 1,451 advances against 748
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a
turnover of Rs. 571.70 million. It was followed by Reliance Capital
(Rs. 211.59 million), United Spirits (Rs. 182.29 million) and
Cholamandalam Investment and Finance Company (Rs. 148.70
The volume chart was led by Cals Refineries with trades of over
2.73 million shares. It was followed by Kwality Dairy (India) (2.59
million), Kirloskar Ferrous Industries (2.13 million) and
Kingfisher Airlines (1.93 million).