Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
02 June, 2015 22:58 IST
Sensex settles 131 points higher; Nifty regains 5,600
Source: IRIS | 21 Nov, 2012, 03.52PM
Comments  |  Post Comment

Indian equities registered a healthy gains on Wednesday on hope the government will able to pass important bills in Winter session of Parliament. Realty, FMCG, consumer durables and banking stocks led the rise.

Market opened on a flat note however, soon picked up momentum in the second half of the trade. Global indices gave mixed cues; however, market remained unaffected in today's session. Recovery was supported by value buying in some of the heavyweights like Reliance, ICIC Bank, HDFC Bank and Cipla which contributed to the overall gains.

At the close, the benchmark 30-share index, BSE Sensex gained 131.06 points or 0.72% at 18,460.38 with 19 components registering rise. Meanwhile, the broad based NSE Nifty went up by 43.25 points or 0.78% at 5,614.80 with 34 components posting rise.

Nidhi Sarswat, senior research analyst, Bonanza Portfolio said, ''5,580 to be deciding level for uptrend in near term. Still considering the previous trading zone i.e., 5,625-5,750, indecision is still there below 5,750 level and once again profit-booking is likely on upsides. Caution is thus advised for long positions. In the coming sessions, market is likely to see further buying above 5,625 level. Support may be seen from 5,580-5,550 levels and resistance near 5,650-5690. Investors' shall be looking for global cues and other post-reforms actions within the country for further market direction.''

Sensex Movers

I T C contributed rise of 35.23 points in the Sensex. It was followed by I C I C I Bank (26.96 points), H D F C Bank (22.21 points), Infosys (13.39 points) and Reliance Industries (12.42 points).

However, NTPC contributed fall of 11.23 points in the Sensex. It was followed by Bharat Heavy Electricals (6.32 points), Housing Development Finance Corporation (5.98 points), Bharti Airtel (2.99 points) and Hero Motocorp (2.16 points).

Biggest gainers in the 30-share index were Cipla (2.61%), Sun Pharmaceutical Industries (2.54%), Tata Power Company (1.98%), Jindal Steel & Power (1.97%), I T C (1.96%), and I C I C I Bank (1.92%).

On the other hand, NTPC (3.46%), Bharat Heavy Electricals (2.70%), Hero Motocorp (1.00%), Bharti Airtel (0.63%), Maruti Suzuki India (0.52%), and Bajaj Auto (0.45%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.37% and 0.39% respectively.

The major gainers in the BSE Midcap were Anant Raj Industries (7.71%), A B G Shipyard (1.12%), Allahabad Bank (1.06%), Amtek Auto (0.42%) and CORE Education and Technologies (0.08%).

The major gainers in the BSE Smallcap were Aanjaneya Lifecare (11.44%), Reliance MediaWorks (2.08%), Aarti Industries (2.04%), Aegis Logistics (1.66%) and A2Z Maintenance & Engineering Services (0.69%).

Sectors in Limelight

The Realty index was at 1,877.82, up by 45.32 points or by 2.47%. The major gainers were D B Realty (9.49%), Anant Raj Industries (7.71%), Indiabulls Real Estate (2.98%), Godrej Properties (1.85%) and D L F (1.13%).

The FMCG index was at 5,780.06, up by 80.43 points or by 1.41%. The major gainers were I T C (1.96%), Hindustan Unilever (0.78%), Dabur India (0.61%), Colgate-Palmolive (India) (0.45%) and Jubilant FoodWorks (0.09%).

The Consumer Durables index was at 7,492.07, up by 103.69 points or by 1.40%. The major gainers were Titan Industries (2.4%), T T K Prestige (0.9%), Rajesh Exports (0.29%), Blue Star (0.29%) and Gitanjali Gems (0.1%).

On the other hand, the Power index was at 1,918.62, down by 19.18 points or by 0.99%. The major losers were NTPC (3.46%), Bharat Heavy Electricals (2.7%), Crompton Greaves (1.49%), A B B (0.56%) and G M R Infrastructure (0.55%).

Market Breadth

Market breadth was positive with 1,530 advances against 1,381 declines.

Value and Volume Toppers

United Spirits topped the value chart on the BSE with a turnover of Rs. 903.42 million. It was followed by State Bank Of India (Rs. 811.24 million), Jet Airways (India) (Rs. 785.56 million) and L&T Finance Holdings (Rs. 670.85 million).

The volume chart was led by Spicejet with trades of over 10.37 million shares. It was followed by L&T Finance Holdings (8.68 million), Cals Refineries (4.73 million) and Housing Development and Infrastructure (4.08 million).

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Related Articles
Punjab & Sind Bank cuts base rate and BPLR by 25 bps - 02-Jun-2015 18:57
Banks start cutting interest rates after RBI Governor's call - 02-Jun-2015 18:01
Banks start cutting interest rates after RBI Governor's call - 02-Jun-2015 18:01
Banks start cutting interest rates after RBI Governor's call - 02-Jun-2015 18:01
Hero Motocorp reports robust sales in May' 15 - 02-Jun-2015 15:08
Allahabad Bank cuts base rate and BPLR by 30 bps - 02-Jun-2015 15:07
Outbound business growing faster than corporate and domestic travel: Anil Khandelwal, Cox & Kings - 02-Jun-2015 14:02
Policy reforms necessary for revival of real estate sector: Pradeep Jain - 02-Jun-2015 13:35
Future rate cuts depend on monsoon and crude price moments: R K Gupta - 02-Jun-2015 13:13
Real estate players ask banks to transmit cut in policy rates into lending rate - 02-Jun-2015 13:06
Real estate players ask banks to transmit cut in policy rates into lending rate - 02-Jun-2015 13:06
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer