Sensex moves up 100 points as Obama wins re-election - The New Indian Express

Sensex moves up 100 points as Obama wins re-election

Published: 07th November 2012 12:18 PM

Last Updated: 07th November 2012 12:18 PM

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 5,718.60.

Sensex Movers

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 (0.44%).

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

Market breadth was positive with 1,451 advances against 748 declines.

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 million).

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).

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


Read More


Astrology


follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook