RIL, HDFC, ITC lift Sensex higher; TECk, IT slip

The benchmark 30-share index, BSE Sensex ended in the positive terrain led by Hero Honda Motors, ACC and Reliance Industries. Oil & gas, FMCG and realty stocks edged higher, while teck, IT and healthcare stocks declined. Broader markets also dropped marginally. Whereas Nifty sustained above the crucial 5,100 level. It opened on a flat note with positive bias and later gained further ground on sustained buying seen in index heavyweights. In the second half, the index pared most of its gains due to profit taking seen at higher levels. Finally it ended in green after touching a high of 17,183.51.

At the close, the Sensex gained 45.79 points or 0.27% at 17,098.33 with 18 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 14.75 points or 0.29% at 5,116.25 with 31 components posting rise.

On global front, European stocks open in green as the Stoxx Europe 600 Index remained near a seven-week high for a third straight day. US futures were also little changed. On the other hand, Asian stocks ended mixed as shipping lines and oil companies declined, while Australia`s largest telephone company rose on speculation it will avoid a breakup.

Sensex Movers

Reliance Industries contributed rise of 39.08 points in the Sensex. It was followed by Housing Development Finance Corporation (13.48 points), ITC (10.68 points), Tata Consultancy Services (8.77 points) and Hero Honda Motors (7.4 points).

However, Infosys Technologies contributed fall of 15.32 points in the Sensex. It was followed by ICICI Bank (10.26 points), Larsen & Toubro (8.97 points), NTPC (6.16 points) and Bharti Airtel (5.63 points).

Biggest gainers in the 30-share index were Hero Honda Motors (2.94%), ACC (2.21%), Reliance Industries (1.80%), Jaiprakash Associates (1.75%), Housing Development Finance Corporation (1.52%), and Tata Consultancy Services (1.49%).

On the other hand, NTPC (1.38%), Maruti Suzuki India (1.34%), Bharti Airtel (1.10%), Infosys Technologies (0.90%), Sun Pharmaceutical Industries (0.80%), and Larsen & Toubro (0.78%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Midcap index was at 6725.94 down by 8.71 points or by 0.13%. The major losers were Andhra Bank(2.19%), Anant Raj Industries (1.26%), Allahabad Bank (1.16%), Reliance MediaWorks (0.4%) and Alfa-Laval (India) (0.06%).

The BSE Smallcap index was at 8512.57 down by 18.15 points or by 0.21%. The major losers were Allied Digital Services (2.16%), Provogue (India) (1.14%), Alembic (0.65%), A B G Infralogistics (0.45%) and Genesys International Corporation (0.25%).


Sectors in Limelight

The TECk index was at 3,264.11, down by 13.56 points or by 0.41%. The major losers were Bharti Airtel (1.1%), Mphasis (1.1%), Aptech (0.57%), Idea Cellular (0.32%) and Balaji Telefilms (0.29%).

The IT index was at 5,290.71, down by 19.47 points or by 0.37%. The major losers were Mphasis (1.1%), Infosys Technologies (0.9%), Oracle Financial Services Software (0.7%), Aptech (0.57%) and H C L Technologies (0.39%).

The IPO index was at 1,956.68, down by 6.76 points or by 0.34%. The major losers were Greenearth Resources and Projects (6.72%), Aqua Logistics (1.76%), Anu`s Laboratories (0.82%), Adani Power (0.78%) and ARSS Infrastructure Projects (0.73%).

On the other hand, the Oil & Gas index was at 9,739.25, up by 89.50 points or by 0.93%. The major gainers were Essar Oil (0.72%), G A I L (India) (0.36%), Aban Offshore (0.33%), Bharat Petroleum Corporation (0.3%) and Indian Oil Corporation (0.11%).

Market Breadth

Market breadth was negative with 1,186 advances against 1,674 declines.

Value and Volume Toppers

Texmo Pipes and Products topped the value chart on the BSE with a turnover of Rs. 4,624.81 million. It was followed by Reliance Industries (Rs. 1,161.31 million), Tata Motors (Rs. 901.55 million) and Tata Consultancy Services (Rs. 848.76 million).

The volume chart was led by Texmo Pipes and Products with trades of over 33.70 million shares. It was followed by Unitech (10.66 million), Shree Ashtavinayak Cine Vision (7.44 million) and Greenearth Resources and Projects (6.20 million).