Indian markets settled marginally higher on Thursday ahead of
Federal Reserve policy meeting that may include an announcement of
further stimulus measures. FMCG and PSU stocks led the rise while
mid and small-caps underperformed the benchmark indices.At the
close, the benchmark 30-share index, BSE Sensex gained 21.13 or
0.12% at 18,021.16 with 19 components posting rise. while the broad
based NSE Nifty closed flat with a gain of 4.35 points or 0.08%, at
5,435.35.23 components posting rise.
ICICI Bank contributed rise of 13.28
points in the Sensex. It was followed by Infosys (8.66 points), Oil
& Natural Gas Corporation (8.23 points), Hindustan Unilever
(8.22 points) and Larsen & Toubro (6.02 points).
However, Bharti Airtel contributed fall of 11.57 points in the
Sensex. It was followed by Housing Development Finance Corporation
(9.38 points), Tata Motors (7.87 points), Mahindra & Mahindra
(4.01 points) and H D F C Bank (2.67 points).
Biggest gainers in the 30-share index were Hero Motocorp
(1.87%), Bharat Heavy Electricals (1.57%), Hindustan Unilever
(1.18%), Oil & Natural Gas Corporation (1.16%), Bajaj Auto
(1.15%), and I C I C I Bank (1.02%).
On the other hand, Bharti Airtel (2.85%), Cipla (2.44%), Tata
Motors (1.41%), Jindal Steel & Power (1.27%), Mahindra &
Mahindra (0.95%), and Sterlite Industries (India) (0.94%) were the
major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger
counterparts declining 0.18% and 0.25% respectively.The major
losers in the BSE Midcap were Alok Industries (4.78%), Alstom India
(1.65%), Aban Offshore (1.35%), Allcargo Logistics (1.14%) and CORE
Education and Technologies (0.8%).The major losers in the BSE
Smallcap were Action Construction Equipment (3.12%), Styrolution
ABS (India) (2.69%), A B G Infralogistics (2.56%), Aanjaneya
Lifecare (2.24%) and A2Z Maintenance & Engineering Services
Sectors in Limelight
The FMCG index was at 5,433.46, up by 31.16 points or by 0.58%.
The major gainers were United Breweries (12.07%), Hindustan
Unilever (1.18%), Colgate-Palmolive (India) (1.17%), Godrej
Consumer Products (0.27%) and I T C (0.22%).
The PSU index was at 7,110.03, up by 38.58 points or by 0.55%.
The major gainers were Container Corporation Of India (2.55%),
Bharat Petroleum Corporation (1.9%), Bharat Heavy Electricals
(1.57%), Coal India (0.94%) and Corporation Bank (0.05%).
On the other hand, the HC index was at 7,616.41, down by 88.93
points or by 1.15%. The major losers were Biocon (2.96%), Cipla
(2.44%), Cadila Healthcare (1.92%), Divis Laboratories (1.73%) and
Aurobindo Pharma (0.73%).
Market breadth was negative with 1,274 advances against 1,637
Value and Volume Toppers
United Spirits topped the value chart on the BSE with a turnover
of Rs. 1,003.91 million. It was followed by IRB Infrastructure
Developers (Rs. 890.88 million), United Breweries (Rs. 509.77
million) and Spicejet (Rs. 383.41 million).
The volume chart was led by Spicejet with trades of over 11.60
million shares. It was followed by Kingfisher Airlines (7.60
million), IRB Infrastructure Developers (7.24 million) and TV18
Broadcast (6.03 million).