Sensex ends up near 19,800; Sterlite, RInfra surge

Indian markets continued to rally for the third day on Tuesday. It had opened on a positive note and witnessed some selling in the early hours of trade but soon moved up making higher levels all the day boosted by declining inflation and finally came to a close with the markets near to the day`s high of 19,836.82. Barring auto, all sectors closed in the green zone with consumer durables leading the most followed by metal and PSU.



Meanwhile, Inflation declined to 7.48% in November, mainly boosted by lowering of pressure on certain food items. Inflation had stood at 8.58% in October. It was 4.50% in November 2009.

On global front, Asian stocks rose lifting the regional benchmark toward a more than two-year high, as increasing commodity prices boosted raw material shares. Japanese exporters fell after the yen strengthened against the dollar. European stocks gained in the opening trade on Tuesday.

At the close, the benchmark 30-share index, BSE Sensex added 107.41 points or 0.55% at 19,799.19 with 19 components posting rise. Meanwhile, the broad based NSE Nifty went up by 36.45 points or 0.62% at 5,944.10 with 34 components registering rise.

Sensex Movers

Reliance Industries contributed rise of 24.36 points in the Sensex. It was followed by Larsen & Toubro (20.09 points), State Bank Of India (16.55 points), Sterlite Industries (India) (12.18 points) and Tata Motors (11.84 points).

However, Hero Honda Motors contributed fall of 7.5 points in the Sensex. It was followed by Mahindra & Mahindra (5.95 points), Housing Development Finance Corporation (3.32 points), Hindustan Unilever (3.16 points) and H D F C Bank (2.13 points).

Biggest gainers in the 30-share index were Sterlite Industries (India) (3.46%), Reliance Infrastructure (2.67%), Tata Steel (2.33%), Tata Motors (2.19%), State Bank Of India (1.66%), and Larsen & Toubro (1.48%).

On the other hand, Hero Honda Motors (3.30%), Jindal Steel & Power (1.41%), Mahindra & Mahindra (1.34%), Hindustan Unilever (0.77%), Maruti Suzuki India (0.52%), and Reliance Communications (0.51%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 1.52% and 1.62% respectively.

The major gainers in the BSE Midcap were Allahabad Bank(3.73%), Core Projects and Technologies (2.55%), Alstom Projects India (1.19%), Aban Offshore (0.94%) and Alfa-Laval (India) (0.01%).

The major gainers in the BSE Smallcap were A B G Shipyard (8.04%), Abhishek Industries (4.89%), INEOS ABS (India) (3.98%), Aarti Industries (2.72%) and A B G Infralogistics (1.9%).

Sectors in Limelight

The Consumer Durables index was at 6,207.39, up by 188.91 points or by 3.14%. The major gainers were Gitanjali Gems (7.42%), Rajesh Exports (4.36%), Titan Industries (2.84%), Blue Star (1.9%) and Bajaj Electricals (1.86%).

The Metal index was at 16,588.42, up by 261.04 points or by 1.60%. The major gainers were Hindustan Zinc (3.28%), JSW Steel (3.23%), Bhushan Steel (3.23%), Hindalco Industries (1.44%) and National Aluminium Company (0.98%).

The IPO index was at 1,929.04, up by 18.72 points or by 0.98%. The major gainers were Aster Silicates (6.18%), Aqua Logistics (5.56%), Bajaj Corp (3.16%), ARSS Infrastructure Projects (1.6%) and Ashoka Buildcon (0.17%).

On the other hand, the Auto index was at 9,961.45, down by 20.03 points or by 0.2%. The major losers were Hero Honda Motors (3.3%), Exide Industries (1.57%), Ashok Leyland (0.87%), Bajaj Auto (0.23%) and Apollo Tyres (0.23%).

Market Breadth

Market breadth was positive with 1,993 advances against 954 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,840.77 million. It was followed by Tata Steel (Rs. 1,018.75 million), Reliance Industries (Rs. 800.14 million) and Coal India (Rs. 706.38 million).

The volume chart was led by Birla Power Solutions with trades of over 19.81 million shares. It was followed by Ispat Industries (10.07 million), Resurgere Mines and Minerals India (8.79 million) and Hindustan Construction Company (5.79 million).