Indian equities continued to rise for the second day on Thursday. The 30-share benchmark index, BSE Sensex is trading in the positive terrain amid volatility. Consumer durables and healthcare stocks gained, while FMCG and auto stocks edged lower.
At 10.05 a.m., the Sensex was trading up 7.13 points or 0.04% at 17,105.46 with 12 components gaining. Meanwhile, the Nifty was trading lower by 2.45 points or 0.05% at 5,113.80 with 25 components falling.
The Sensex opened flat with a decline of 10.70 points or 0.06% at 17,087.63, while the broad based NSE Nifty started with a fall of 14.65 points or 0.29%, at 5,101.60.
Sensex Movers
Infosys Technologies contributed rise of 8.46 points in the Sensex. It was followed by Reliance Industries (5.16 points), Bharti Airtel (4.54 points), Tata Consultancy Services (3.47 points) and ICICI Bank (3.25 points).
However, Hindustan Unilever contributed fall of 6.62 points in the Sensex. It was followed by Larsen & Toubro (6.25 points), State Bank Of India (4.23 points), ITC (3.81 points) and Hindalco Industries (3.34 points).
Biggest gainers in the 30-share index were Sun Pharmaceutical Industries (1.29%), Bharti Airtel (0.88%), Wipro (0.86%), Tata Power Company (0.73%), NTPC (0.70%), and Tata Consultancy Services (0.59%).
On the other hand, Hindustan Unilever (1.93%), Hindalco Industries (1.14%), Hero Honda Motors (1.12%), Sterlite Industries (India) (0.77%), Mahindra & Mahindra (0.70%), and Reliance Infrastructure (0.68%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 0.11% and 0.23% respectively. The major gainers in the BSE Midcap were Ackruti City (1.84%), A I A Engineering (1.48%), Alstom Projects India (0.97%), Alfa-Laval (India) (0.37%) and Reliance MediaWorks (0.07%).
The major gainers in the BSE Smallcap were A B G Shipyard (2.44%), Alok Industries (1.94%), A B G Infralogistics (1.14%), Action Construction Equipment (0.86%) and Advanta India (0.19%).
Sectors in Limelight
The HC index was at 5,087.08, up by 31.00 points or by 0.61%. The major gainers were Ipca Laboratories (1.38%), Cipla (1.08%), Dr Reddy`S Laboratories (0.44%), Divis Laboratories (0.08%) and Bilcare (0.01%).
The Consumer Durables index was at 4,155.53, up by 21.31 points or by 0.52%. The major gainers were Blue Star (3.04%), Rajesh Exports (1.78%) and Gitanjali Gems (0.38%).
The IT index was at 5,317.94, up by 27.23 points or by 0.51%. The major gainers were Wipro (0.86%), Tata Consultancy Services (0.59%), Patni Computer Systems (0.59%), Infosys Technologies (0.49%) and Oracle Financial Services Software (0.43%).
On the other hand, the FMCG index was at 2,806.29, down by 18.44 points or by 0.65%. The major losers were Hindustan Unilever (1.93%), Dabur India (0.93%), I T C (0.43%), Britannia Industries (0.41%) and United Breweries (0.27%).
Market Breadth
Market breadth was negative with 1,089 advances against 1,088 declines.
Value and Volume Toppers
Texmo Pipes and Products topped the value chart on the BSE with a turnover of Rs. 464.20 million. It was followed by Tata Steel (Rs. 172.58 million), L I C Housing Finance (Rs. 156.60 million) and Suzlon Energy (Rs. 125.30 million).
The volume chart was led by Cals Refineries with trades of over 4.54 million shares. It was followed by Texmo Pipes and Products (3.26 million), Suzlon Energy (1.61 million) and Greenearth Resources and Projects (1.51 million)
Source : myiris.com