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

Sensex flat with positive bias at open

Published: 16th November 2012 10:18 AM

Last Updated: 16th November 2012 10:18 AM

Indian markets are trading marginally higher in early trade on Friday snapping earlier losses. At 9.17 a.m., the Sensex was trading up 25.64 points or 0.14% at 18,497.01 with 17 components gaining. Meanwhile, the Nifty was trading lower by 6.20 points or 0.11% at 5,624.80 with 24 components falling.

The 30-share benchmark index, BSE Sensex opened with a gain of 20.12 points or 0.11% at 18,491.49, while the broad based NSE Nifty started with a fall of 6.20 points or 0.11%, at 5,624.80.

Sensex Movers

Reliance Industries contributed rise of 16.42 points in the Sensex. It was followed by I T C (9.97 points), Infosys (6.84 points), Bharti Airtel (6.41 points) and Larsen & Toubro (4.16 points).

However, Housing Development Finance Corporation contributed fall of 10.36 points in the Sensex. It was followed by I C I C I Bank (5.86 points), Tata Consultancy Services (2.68 points), H D F C Bank (2.62 points) and Oil & Natural Gas Corporation (1.35 points).

Major gainers in the 30-share index were Bharti Airtel (1.55%), Reliance Industries (0.99%), Jindal Steel & Power (0.98%), Hero Motocorp (0.60%), I T C (0.54%), and State Bank Of India (0.52%).

On the other hand, Housing Development Finance Corporation (0.76%), Wipro (0.44%), I C I C I Bank (0.40%), Tata Power Company (0.35%), G A I L (India) (0.31%), and Sterlite Industries (India) (0.30%) were the major losers in the Sensex.

Market Breadth

Market breadth was positive with 448 advances against 163 declines.

Value and Volume Toppers

L&T Finance Holdings topped the value chart on the BSE with a turnover of Rs. 63.95 million. It was followed by Tata Coffee (Rs. 55.65 million), United Spirits (Rs. 39.47 million) and State Bank Of India (Rs. 12.99 million).

The volume chart was led by L&T Finance Holdings with trades of over 0.73 million shares. It was followed by TV18 Broadcast (0.36 million), Kingfisher Airlines (0.34 million) and Spicejet (0.28 million).

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