Indian equities continue to trade higher on Monday led by some gains seen in realty, auto and consumer durables stocks while healthcare, PSU and power witnessed a fall.
At 11.05 a.m., the Sensex was trading up 96.08 points or 0.49% at 19,877.27 with 18 components gaining. Meanwhile, the Nifty was trading higher by 29.50 points or 0.49% at 6,028.40 with 27 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 79.78 points or 0.40% at 19,860.97, while the broad based NSE Nifty started with a rise of 26.30 points or 0.44%, at 6,025.20.
I C I C I Bank contributed rise of 30.99 points in the Sensex. It was followed by Housing Development Finance Corporation (30.26 points), Tata Motors (19.1 points), H D F C Bank (16.57 points) and Tata Consultancy Services (11 points).
However, Oil & Natural Gas Corporation contributed fall of 12.38 points in the Sensex. It was followed by Infosys (5.59 points), Bharat Heavy Electricals (4.31 points), Hindustan Unilever (3.54 points) and State Bank Of India (2.04 points).
Biggest gainers in the 30-share index were Tata Motors (2.88%), Housing Development Finance Corporation (2.10%), I C I C I Bank (1.97%), Hindalco Industries (1.28%), Jindal Steel & Power (1.23%), and Tata Consultancy Services (1.20%).
On the other hand, Bharat Heavy Electricals (1.89%), Cipla (1.83%), Oil & Natural Gas Corporation (1.46%), Dr Reddy'S Laboratories (1.21%), Hindustan Unilever (0.59%), and Tata Power Company (0.58%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.21% and 0.38% respectively.
The major gainers in the BSE Midcap were Alstom India (1.02%), Amara Raja Batteries (0.85%), Amtek Auto (0.2%), Aban Offshore (0.17%) and Allcargo Logistics (0.08%).
The major gainers in the BSE Smallcap were Trident (2.19%), Styrolution ABS (India) (1.96%), Aarti Industries (1.2%), A2Z Maintenance & Engineering Services (1.01%) and Aanjaneya Lifecare (0.64%).
Sectors in Limelight
The Realty index was at 2,245.77, up by 33.18 points or by 1.50%. The major gainers were Indiabulls Real Estate (4.26%), D L F (2.37%), Oberoi Realty (1.94%), Prestige Estates Projects (1.03%) and Housing Development and Infrastructure (0.9%).
The Consumer Durables index was at 7,779.79, up by 63.96 points or by 0.83%. The major gainers were Blue Star (2.91%), Bajaj Electricals (1.14%), Titan Industries (1.05%), T T K Prestige (1.05%) and Whirlpool Of India (0.02%).
The Auto index was at 10,975.82, up by 89.98 points or by 0.83%. The major gainers were Exide Industries (1.55%), Ashok Leyland (1.42%), Bajaj Auto (0.99%), Cummins India (0.11%) and Hero Motocorp (0.04%).
On the other hand, the HC index was at 8,033.58, down by 45.72 points or by 0.57%. The major losers were Cipla (1.83%), Dr Reddy'S Laboratories (1.21%), Biocon (0.46%), Ipca Laboratories (0.35%) and Cadila Healthcare (0.05%).
Market breadth was positive with 1,314 advances against 872 declines.
Value and Volume Toppers
Sun TV Network topped the value chart on the BSE with a turnover of Rs. 362.02 million. It was followed by Shriram Transport Finance Company (Rs. 226.84 million), Aurobindo Pharma (Rs. 210.18 million) and United Spirits (Rs. 173.15 million).
The volume chart was led by Suzlon Energy with trades of over 4.33 million shares. It was followed by I F C I (2.61 million), TV18 Broadcast (2.38 million) and Birla Cotsyn (India) (1.91 million).