Indian equities ended the choppy session higher on Tuesday led by sharp rally in realty, banking, capital goods and auto stocks. However, oil & gas and power declined.
The US government has announced a partial shutdown for first time since 1996 as the Republican-led House of Representatives rejected budget for next year. The government has directed federal agencies to implement shutdown plans, that would impact more than 700,000 US government workers.
At the close, the benchmark 30-share index, BSE Sensex added 137.38 points or 0.71% at 19,517.15 with 16 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 50 points or 0.87% at 5,785.30 with 28 components posting rise.
H D F C Bank contributed rise of 47.47 points in the Sensex. It was followed by I C I C I Bank (45.85 points), Housing Development Finance Corporation (41.46 points), I T C (16.02 points) and Larsen & Toubro (14.16 points).
However, Oil & Natural Gas Corporation contributed fall of 18.16 points in the Sensex. It was followed by NTPC (10.35 points), Hindustan Unilever (8.11 points), Tata Power Company (7.24 points) and Sun Pharmaceutical Industries (3.2 points).
Biggest gainers in the 30-share index were H D F C Bank (3.08%), Bharat Heavy Electricals (2.95%), I C I C I Bank (2.94%), Housing Development Finance Corporation (2.73%), Bajaj Auto (2.35%), and State Bank Of India (1.75%).
On the other hand, Tata Power Company (3.82%), NTPC (2.87%), Oil & Natural Gas Corporation (2.11%), Jindal Steel & Power (1.30%), Hindustan Unilever (1.29%), and Hindalco Industries (1.16%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.57% and 0.47% respectively.
The major gainers in the BSE Midcap were Amara Raja Batteries (7.33%), Allahabad Bank (3.29%), Aban Offshore (1.91%), A I A Engineering (1.71%) and Amtek Auto (0.58%).
The major gainers in the BSE Smallcap were A2Z Maintenance & Engineering Services (5.64%), Dr Datsons Labs (2.89%), Aarti Industries (2.68%), Advanta (1.68%) and Styrolution ABS (India) (1.61%).
Sectors in Limelight
The Realty index was at 1,201.82, up by 31.49 points or by 2.69%. The major gainers were D L F (6.58%), Indiabulls Real Estate (3.52%), Anant Raj (2.19%), Housing Development and Infrastructure (1.53%) and Godrej Properties (1.33%).
The Bankex index was at 11,257.05, up by 292.86 points or by 2.67%. The major gainers were Bank Of India(4.97%), Canara Bank (3.23%), H D F C Bank (3.08%), Bank Of Baroda (1.05%) and Federal Bank (0.61%).
The Capital Goods index was at 7,824.15, up by 117.63 points or by 1.53%. The major gainers were Bharat Heavy Electricals (2.95%), Bharat Electronics (2.34%), A I A Engineering (1.71%), BEML (0.57%) and A B B India (0.09%).
Market breadth was positive with 1,346 advances against 1,034 declines.
Value and Volume Toppers
Yes Bank topped the value chart on the BSE with a turnover of Rs. 891.29 million. It was followed by United Spirits (Rs. 629.93 million), Ranbaxy Laboratories (Rs. 461.28 million) and I C I C I Bank (Rs. 394.79 million).
The volume chart was led by Spicejet with trades of over 4.52 million shares. It was followed by Firstsource Solutions (3.73 million), Alok Industries (3.47 million) and Yes Bank (3.02 million).