Indian markets settled on a higher note on Wednesday due to short covering. Capital goods and banking stocks witnessed a rise whereas realty stocks registered a fall.
At the close, the benchmark 30-share index, BSE Sensex gained 118.17 points or 0.52% at 22,876.54 with 17 components posting rise. Meanwhile, the broad based NSE Nifty climbed by 25.45 points or 0.37% at 6,840.80 with 25 components registering rise.
Sensex Movers
Larsen & Toubro contributed rise of 28.45 points in the Sensex. It was followed by H D F C Bank (19.63 points), I T C (18.57 points), I C I C I Bank (15.8 points) and Infosys (11.45 points).
However, Tata Motors contributed fall of 6.33 points in the Sensex. It was followed by NTPC (6.31 points), D L F (3.89 points), Wipro (3.8 points) and Reliance Industries (3.04 points).
Biggest gainers in the 30-share index were Larsen & Toubro (2.48%), G A I L (India) (1.48%), Bharat Heavy Electricals (1.42%), Tata Steel (1.32%), Mahindra & Mahindra (1.22%), and Bharti Airtel (1.13%).
On the other hand, NTPC (1.49%), Wipro (1.19%), Tata Motors (0.84%), Hero Motocorp (0.72%), Jindal Steel & Power (0.65%), and Tata Consultancy Services (0.24%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.12% and 0.22% respectively.
The major gainers in the BSE Midcap were Allcargo Logistics (3.08%), A B G Shipyard (0.39%), Allahabad Bank (0.26%), Aban Offshore (0.22%) and Alstom India (0.04%).
The major gainers in the BSE Smallcap were Advanta (1.96%), Aarti Industries (1.7%), Trident (0.68%), Styrolution ABS (India) (0.58%) and Reliance MediaWorks (0.08%).
Sectors in Limelight
The Capital Goods index was at 12,761.14, up by 187.84 points or by 1.49%. The major gainers were Bharat Heavy Electricals (1.42%), BEML (1.03%), Bharat Electronics (0.46%), A B B India (0.05%) and Alstom India (0.04%).
The Bankex index was at 15,012.05, up by 165.87 points or by 1.12%. The major gainers were Bank Of Baroda(3.21%), Bank Of India (2.49%), Federal Bank (1.82%), H D F C Bank (1.09%) and Canara Bank (0.54%).
On the other hand, the Realty index was at 1,463.29, down by 18.92 points or by 1.28%. The major losers were Phoenix Mills (9.28%), D L F (2.93%), Anant Raj (1.61%), Oberoi Realty (1.21%) and Sobha Developers (0.69%).
Market Breadth
Market breadth was negative with 1,512 advances against 1,385 declines.
Value and Volume Toppers
Just Dial topped the value chart on the BSE with a turnover of Rs. 501.14 million. It was followed by Tata Consultancy Services (Rs. 293.87 million), Ranbaxy Laboratories (Rs. 264.27 million) and I C I C I Bank (Rs. 262.90 million).
The volume chart was led by R E I Agro with trades of over 3.80 million shares. It was followed by L&T Finance Holdings (2.57 million), Mahanagar Telephone Nigam (2.27 million) and I F C I (0.92 million).
