Indian markets ended on a flat note with positive bias on Friday on the back of CAG reports, which were tabled in Rajya Sabha today. CAG report states presumptive loss on coal blocks to government stands at Rs 1,860 billion.
At the close, the benchmark 30-share index, BSE Sensex gained 33.87 points or 0.19% at 17,691.08 with 16 components posting rise. while the broad based NSE Nifty closed flat with a gain of 3.35 points or 0.06%, at 5,366.30.21 components posting rise.
Meanwhile, C Rangarajan, Chairman, Economic Advisory Council to the Prime Minister (PMEAC), expects Indian economy to grow at 6.7% in financial year 2013. PMEAC has lowered growth forecast from 7.5 to 8% for FY13.
I T C contributed rise of 24.98 points in the Sensex. It was followed by Infosys (21.55 points), Tata Motors (11.12 points), Tata Consultancy Services (10.34 points) and Hindustan Unilever (9.75 points).
However, Larsen & Toubro contributed fall of 13.84 points in the Sensex. It was followed by H D F C Bank (11.56 points), Tata Power Company (7.35 points), Oil & Natural Gas Corporation (4.89 points) and Hindalco Industries (4.87 points).
Biggest gainers in the 30-share index were Tata Motors (2.12%), Infosys (1.61%), Hindustan Unilever (1.53%), I T C (1.43%), Wipro (1.17%), and Tata Consultancy Services (1.16%).
On the other hand, Jindal Steel & Power (4.02%), Tata Power Company (3.71%), Hindalco Industries (2.48%), G A I L (India) (1.72%), Larsen & Toubro (1.48%), and NTPC (1.00%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.05% and 0.02% respectively.
The major gainers in the BSE Midcap were Aban Offshore (4.21%), A I A Engineering (1.2%), A B G Shipyard (0.99%), Alstom India (0.95%) and CORE Education and Technologies (0.09%).
The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (3.07%), Ahlcon Parenterals (India) (2.64%), Aegis Logistics (1.72%), Ahluwalia Contracts (India) (1.02%) and Action Construction Equipment (0.21%).
Sectors in Limelight
The FMCG index was at 5,205.13, up by 64.87 points or by 1.26%. The major gainers were Hindustan Unilever (1.53%), I T C (1.43%), Godrej Consumer Products (0.88%), Dabur India (0.76%) and Jubilant FoodWorks (0.19%).
The IT index was at 5,611.78, up by 63.65 points or by 1.15%. The major gainers were Infosys (1.61%), Tata Consultancy Services (1.16%), Tech Mahindra (0.24%), H C L Technologies (0.13%) and CORE Education and Technologies (0.09%).
The Realty index was at 1,632.85, down by 28.42 points or by 1.71%. The major losers were Anant Raj Industries (4.54%), D L F (2.6%), D B Realty (1.83%), Housing Development and Infrastructure (1.67%) and Indiabulls Real Estate (1.15%).
The Power index was at 1,927.28, down by 31.16 points or by 1.59%. The major losers were Adani Power (3.33%), Reliance Infrastructure (3.27%), G M R Infrastructure (3.07%), A B B (0.71%) and Bharat Heavy Electricals (0.54%).
Market breadth was negative with 1,365 advances against 1,522 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,118.27 million. It was followed by United Spirits (Rs. 928.04 million), Tata Motors (Rs. 522.80 million) and Reliance Industries (Rs. 400.64 million).
The volume chart was led by Kingfisher Airlines with trades of over 9.70 million shares. It was followed by JM Financial (5.22 million), Cals Refineries (5.08 million) and Deccan Chronicle Holdings (4.82 million).