Monday, December 13, 2010

Sensex up 33.18 pts in early trade; RIL, L&T lead

Indian equities continued to rise in early trade for the third day on Tuesday. At 9.20.am, the Sensex was trading up 33.18 points or 0.17% at 19,724.96 with 15 components gaining. Meanwhile, the Nifty was trading higher by 15.70 points or 0.27% at 5,923.35 with 30 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 54.97 points or 0.28% at 19,746.75, while the broad based NSE Nifty started with a rise of 21.05 points or 0.36%, at 5,928.70.

Sensex Movers

Reliance Industries contributed rise of 14.72 points in the Sensex. It was followed by Larsen & Toubro (7.07 points), Sterlite Industries (India) (6.92 points), State Bank Of India (6.37 points) and I T C (4.18 points).

However, Infosys Technologies contributed fall of 11.46 points in the Sensex. It was followed by I C I C I Bank (6.63 points), Mahindra & Mahindra (3.97 points), Hero Honda Motors (3.59 points) and Tata Consultancy Services (3.36 points).

Major gainers in the 30-share index were Sterlite Industries (India) (1.97%), Reliance Communications (1.36%), State Bank Of India (0.64%), Reliance Industries (0.63%), Bharat Heavy Electricals (0.55%), and Larsen & Toubro (0.52%).

On the other hand, Hero Honda Motors (1.58%), Mahindra & Mahindra (0.90%), Wipro (0.69%), Infosys Technologies (0.59%), Jaiprakash Associates (0.42%), and Tata Consultancy Services (0.42%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.75% and 0.39% respectively.

The major gainers in the BSE Midcap were A I A Engineering (2.37%), Core Projects and Technologies (1.71%), Aban Offshore (0.8%), Alstom Projects India (0.8%) and Ackruti City (0.76%).

The major gainers in the BSE Smallcap were Aarti Industries (3.65%), Provogue (India) (2.99%), Action Construction Equipment (2.54%), A B G Shipyard (1.34%) and A K Capital Services (0.25%).

Sectors in Limelight

The Metal index was at 16,433.06, up by 105.68 points or by 0.65%. The major gainers were Bhushan Steel (1.49%), Hindustan Zinc (0.9%), NMDC (0.78%), Hindalco Industries (0.52%) and Jindal Saw (0.35%).

The Oil & Gas index was at 10,627.04, up by 66.42 points or by 0.63%. The major gainers were Indian Oil Corporation (2.36%), Bharat Petroleum Corporation (1.88%), Hindustan Petroleum Corporation (1.26%), G A I L (India) (0.56%) and Oil & Natural Gas Corporation (0.52%).

The IPO index was at 1,921.04, up by 10.72 points or by 0.56%. The major gainers were Ashoka Buildcon (1.9%), Aqua Logistics (0.93%), ARSS Infrastructure Projects (0.71%), Adani Power (0.56%) and Career Point Infosystems (0.31%).

On the other hand, the Realty index was at 2,809.89, down by 8.55 points or by 0.3%. The major losers were Godrej Properties (0.63%), Indiabulls Real Estate (0.57%), Orbit Corporation (0.3%), Parsvnath Developers (0.1%) and D L F (0.1%).

Market Breadth

Market breadth was positive with 767 advances against 294 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 70.38 million. It was followed by Twilight Litaka Pharma (Rs. 54.59 million), Delta Corp (Rs. 40.59 million) and Reliance Industries (Rs. 38.00 million).

The volume chart was led by Resurgere Mines and Minerals India with trades of over 2.76 million shares. It was followed by Twilight Litaka Pharma (0.66 million), Cals Refineries (0.64 million) and Delta Corp (0.40 million).

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