Indian equities continued to trade in a range bound manner in the afternoon trade with some gains seen in oil & gas, realty and healthcare stocks, while FMCG and IT declined. BSE Midcap and Smallcap index outperformed.
At 12 noon, the Sensex was trading up 25.83 points or 0.13% at 19,331.15 with 16 components gaining. Meanwhile, the Nifty was trading higher by 7.55 points or 0.13% at 5,878.50 with 30 components gaining.
The 30-share benchmark index, BSE Sensex opened with a decline of 27.74 points or 0.14% at 19,277.58, while the broad based NSE Nifty started with a fall of 4.15 points or 0.07%, at 5,866.80.
Reliance Industries contributed rise of 25.36 points in the Sensex. It was followed by I C I C I Bank (16.09 points), State Bank Of India (11.5 points), Oil & Natural Gas Corporation (6.8 points) and Housing Development Finance Corporation (6.43 points).
However, I T C contributed fall of 14.08 points in the Sensex. It was followed by Tata Consultancy Services (9.79 points), H D F C Bank (9.63 points), Mahindra & Mahindra (7.19 points) and Larsen & Toubro (4.63 points).
Major gainers in the 30-share index were Jindal Steel & Power (2.22%), Bharat Heavy Electricals (1.67%), State Bank Of India (1.67%), Reliance Industries (1.50%), Bajaj Auto (1.37%), and I C I C I Bank (1.11%).
On the other hand, Mahindra & Mahindra (1.33%), Tata Consultancy Services (1.05%), Bharti Airtel (0.88%), Hindalco Industries (0.81%), I T C (0.73%), and Hero Motocorp (0.70%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.45% and 0.63% respectively.
The major gainers in the BSE Midcap were Aban Offshore (1.58%), Allahabad Bank (1.06%), Allcargo Logistics (0.79%), Alstom India (0.67%) and A B G Shipyard (0.48%).
The major gainers in the BSE Smallcap were Adhunik Metaliks (8.52%), Aarti Industries (3.71%), Trident (1.08%), Styrolution ABS (India) (0.8%) and Advanta India (0.01%).
Sectors in Limelight
The IPO index was at 1,852.52, up by 25.81 points or by 1.41%. The major gainers were Inventure Growth and Securities (6.57%), Flexituff International (1.37%), Future Ventures India (0.5%), Birla Pacific Medspa (0.45%) and Innoventive Industries (0.4%).
The Oil & Gas index was at 8,378.08, up by 86.98 points or by 1.05%. The major gainers were Bharat Petroleum Corporation (1.82%), Oil & Natural Gas Corporation (1.03%), G A I L (India) (0.37%), Indian Oil Corporation (0.31%) and Oil India (0.03%).
The Realty index was at 2,044.28, up by 18.98 points or by 0.94%. The major gainers were Housing Development and Infrastructure (1.93%), D L F (1.61%), Anant Raj Industries (1.09%), D B Realty (0.9%) and Godrej Properties (0.27%).
On the other hand, the IT index was at 5,871.77, down by 19.23 points or by 0.33%. The major losers were CORE Education and Technologies (1.95%), Mphasis (1.8%), Tata Consultancy Services (1.05%), H C L Technologies (0.31%) and Wipro (0.25%).
Market breadth was positive with 1,525 advances against 1,061 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 492.53 million. It was followed by Karnataka Bank , The (Rs. 475.21 million), Jet Airways (India) (Rs. 433.66 million) and Eicher Motors (Rs. 289.19 million).
The volume chart was led by Shree Ashtavinayak Cine Vision with trades of over 7.21 million shares. It was followed by Spicejet (4.33 million), Suzlon Energy (3.54 million) and I F C I (3.40 million).