Sensex trades up 285 points on ECB bond buying plan
Published: 07th September 2012 01:18 PM
Last Updated: 07th September 2012 01:18 PM
Indian equities continued to trade stronger in Friday noon
session tracking gains in global markets on ECB"s fresh programme
that allows it to execute potentially unlimited sovereign
bond-buying. Metal, auto and realty stocks witnessed buying
interest.At 11.56 a.m., the Sensex was trading up 284.87 points or
1.64% at 17,631.14 with 30 components gaining. Meanwhile, the Nifty
was trading higher by 84.90 points or 1.62% at 5,323.30 with 48
The 30-share benchmark index, BSE Sensex opened with a gain of
229.52 points or 1.32% at 17,575.79, while the broad based NSE
Nifty started with a rise of 71.05 points or 1.36%, at
I C I C I Bank contributed rise of 43.45 points in the Sensex.
It was followed by Reliance Industries (36.26 points), Housing
Development Finance Corporation (25.23 points), Infosys (22.91
points) and Tata Motors (20.54 points).
All shares in the Sensexpack are trading in green.Major
gainerswere Tata Steel (4.19%), Tata Motors (3.88%), ICICI Bank
(3.47%), Bajaj Auto (2.51%), Reliance Industries (2.21%), and
Hindalco Industries (2.11%).
Mid & Small-cap Space
The BSE Mid and small-caps underperformed their larger
counterparts gaining 1.08% and 0.99% respectively.The major gainers
in the BSE Midcap were CORE Education and Technologies (1.54%),
Alok Industries (1.11%), Alstom India (0.71%), AIA Engineering
(0.69%) and ABG Shipyard (0.63%).The major gainers in the BSE
Smallcap were A B G Infralogistics (5.48%), Trident (4.68%),
Aanjaneya Lifecare (1.27%), A2Z Maintenance & Engineering
Services (1.19%) and Aarti Industries (0.74%).
Sectors in Limelight
The Metal index was at 9,688.63, up by 198.41 points or by
2.09%. The major gainers were Hindalco Industries (2.11%), Jindal
Steel & Power (1.91%), Hindustan Zinc (1.63%), Coal India
(0.64%) and Bhushan Steel (0.34%).
The Auto index was at 9,474.02, up by 166.88 points or by 1.79%.
The major gainers were Bajaj Auto (2.51%), Bharat Forge (1.3%),
Ashok Leyland (1.21%), Hero Motocorp (0.39%) and Cummins India
The Bankex index was at 11,553.76, up by 201.88 points or by
1.78%. The major gainers were Canara Bank(2.15%), Bank Of India
(2.05%), Bank Of Baroda (1.39%), Federal Bank (1.37%) and HDFC Bank
The Realty index was at 1,531.60, up by 25.21 points or by
1.67%. The major gainers were DB Realty (2.73%), DLF (2.59%),
Housing Development and Infrastructure (1.96%), Indiabulls Real
Estate (1.95%) and Anant Raj Industries (1.04%).
Market breadth was positive with 1,686 advances against 834
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover
of Rs. 509.20 million. It was followed by State Bank Of India (Rs.
310.34 million), Tata Steel (Rs. 255.00 million) and ICICI Bank
(Rs. 202.13 million).
The volume chart was led by Mercator with trades of over 2.25
million shares. It was followed by Gujarat State Petronet (1.56
million), Kingfisher Airlines (1.13 million) and IFCI (1.13