13 July, 2014 04:31 IST
Sensex settles 131 points higher; Nifty regains 5,600
Source: IRIS (21-NOV-12)
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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).

Continue to like Infosys on inexpensive valuations: Emkay - 11-Jul-2014 17:52
Infosys Q1 margin beat but revenue still subpar; maintain 'Accumulate': MSFL - 11-Jul-2014 17:35
ICICIdirect continues to maintain positive stance on Bata India - 11-Jul-2014 17:07
Surging iron ore prices in India is matter of grave concern: Seshagiri Rao - 11-Jul-2014 15:13
Shiva Cement gets BIS license for PPC - 11-Jul-2014 14:15
Infosys Q1 beats forecast; recommends 'Buy': Angel Broking - 11-Jul-2014 11:35
Infosys Q1 beats estimate; profit climbs 21.6% - 11-Jul-2014 09:34
No custom duty on LCD, LED is good for industry: Tarun Katial, Reliance Broadcast Network - 10-Jul-2014 20:16
Budget offers no incentives for pharma industry: Ramesh Swaminathan, Lupin - 10-Jul-2014 20:09
Increase in rate of royalties for minerals disappointing: TV Narendran, Tata Steel - 10-Jul-2014 20:02
FM fails to notice NBFC sector in this Budget: Hemant Kanoria, Srei Infra Fin - 10-Jul-2014 19:52
* Q - Quote , N - News , C - Chart , F - Financials
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