Indian equities continue to trade higher on Tuesday led byoil
& gas, PSU and capital goods stocks.
At 11.11 a.m., the Sensex was trading up 53.40 points or 0.30%
at 18,053.43 with 18 components gaining. Meanwhile, the Nifty was
trading higher by 12.50 points or 0.23% at 5,443.50 with 30
Asian stocks are tradinghigher on Wednesday ahead of a US
Federal Reserve meeting most economists expect will deliver fresh
stimulus to kick start the economy.
The 30-share benchmark index, BSE Sensex opened with a gain of
23.92 points or 0.13% at 18,023.95, while the broad based NSE Nifty
began flat with a gain of 4.20 points or 0.08%, at 5,435.20.
Reliance Industries contributed rise of 15.99 points in the
Sensex. It was followed by ICICI Bank (15.77 points), Larsen &
Toubro (11.28 points), Oil & Natural Gas Corporation (9.89
points) and State Bank Of India (7.01 points).
However, Housing Development Finance Corporation contributed
fall of 12 points in the Sensex. It was followed by Bharti Airtel
(7.16 points), Tata Motors (3.62 points), Mahindra & Mahindra
(2.85 points) and Reliance Communications (2.12 points).
Major gainers in the 30-share index were Hero Motocorp (2.25%),
GAIL (India) (1.92%), Bharat Heavy Electricals (1.80%), Bajaj Auto
(1.58%), Oil & Natural Gas Corporation (1.39%), and Larsen
& Toubro (1.24%).
On the other hand, Cipla (2.24%), Bharti Airtel (1.76%), Jindal
Steel & Power (1.20%), Housing Development Finance Corporation
(0.91%), Sterlite Industries (India) (0.84%), and Tata Power
Company (0.68%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger
counterparts gaining 0.38% and 0.39% respectively. The major
gainers in the BSE Midcap were Alok Industries (0.78%), Aban
Offshore (0.77%), A B G Shipyard (0.61%), Amara Raja Batteries
(0.42%) and Amtek Auto (0.34%).The major gainers in the BSE
Smallcap were Aarti Industries (1.76%), A2Z Maintenance &
Engineering Services (1.49%), Adhunik Metaliks (1.23%), Aegis
Logistics (0.95%) and Reliance MediaWorks (0.62%).
Sectors in Limelight
The Oil & Gas index was at 8,525.47, up by 89.14 points or
by 1.06%. The major gainers were G A I L (India) (1.92%), Hindustan
Petroleum Corporation (1.72%), Bharat Petroleum Corporation
(1.68%), Indian Oil Corporation (1.15%) and Gujarat State Petronet
The PSU index was at 7,137.74, up by 66.29 points or by 0.94%.
The major gainers were Bank Of India(0.89%), Andhra Bank (0.71%),
Allahabad Bank (0.62%), Bharat Electronics (0.59%) and Bank Of
The Capital Goods index was at 9,749.16, up by 85.80 points or
by 0.89%. The major gainers were Bharat Heavy Electricals (1.8%),
Havell"S India (0.77%), Bharat Electronics (0.59%), Lakshmi Machine
Works (0.55%) and A B B (0.08%).
On the other hand, the HC index was at 7,662.66, down by 42.68
points or by 0.55%. The major losers were Cipla (2.24%), Biocon
(1.17%), Divis Laboratories (1.01%), Cadila Healthcare (0.34%) and
Apollo Hospitals Enterprise (0.2%).
Market breadth was positive with 1,260 advances against 1,026
Value and Volume Toppers
Oracle Financial Services Software topped the value chart on the
BSE with a turnover of Rs. 299.25 million. It was followed by
United Spirits (Rs. 290.18 million), State Bank Of India (Rs.
230.36 million) and Jindal Steel & Power (Rs. 121.32
The volume chart was led by TV18 Broadcast with trades of over
2.97 million shares. It was followed by Spicejet (2.79 million),
Cals Refineries (2.24 million) and Deccan Chronicle Holdings (1.85