Sensex remains higher; Sun Pharma up, TCS down
Apr 10, 2014
Source : The New Indian Express

 

MUMBAI: Indian equities remained higher in post noon trade on Wednesday on the back of higher capital inflows amid IMF's forecast of better growth prospects for India in 2014. Healthcare, realty and metal stocks witnessed a rise whereas IT stocks registered a fall. At 1.19 p.m., the Sensex was trading up 99.43 points or 0.45% at 22,442.88 with 20 components gaining. Meanwhile, the Nifty was trading higher by 19.70 points or 0.29% at 6,714.75 with 37 components gaining.

International Monetary Fund (IMF) expects India's real GDP growth will strengthen, partly due to government efforts to revive investment growth. IMF has estimated the country's GDP growth at 5.4% and 6.4% for FY2015 and FY2016 respectively in the latest World Economic Outlook (WEO).

Sensex Movers

Sun Pharmaceutical Industries contributed rise of 37.51 points in the Sensex. It was followed by I C I C I Bank (25.18 points), Tata Motors (19.19 points), State Bank Of India (18.25 points) and Housing Development Finance Corporation (15.9 points).

However, Infosys contributed fall of 22 points in the Sensex. It was followed by Tata Consultancy Services (20.77 points), Oil & Natural Gas Corporation (15.35 points), I T C (3.84 points) and Hindustan Unilever (2.87 points).

Biggest gainers in the 30-share index were Sun Pharmaceutical Industries (7.14%), Hindalco Industries (4.16%), Tata Motors (2.59%), Tata Steel (2.27%), State Bank Of India (2.15%), and I C I C I Bank (1.41%).

On the other hand, Tata Consultancy Services (1.76%), Oil & Natural Gas Corporation (1.55%), Infosys (1.42%), Bajaj Auto (1.02%), Hero Motocorp (0.90%), and Wipro (0.79%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 1.28% and 1.59% respectively. The major gainers in the BSE Midcap were Allahabad Bank(2.62%), Aban Offshore (1.44%), Alstom India (1.02%), A B G Shipyard (0.68%) and CORE Education and Technologies (0.08%).The major gainers in the BSE Smallcap were Action Construction Equipment (12.39%), A2Z Maintenance & Engineering Services (9.94%), Trident (2.25%), Styrolution ABS (India) (1.96%) and Adhunik Metaliks (0.54%).

Sectors in Limelight

The HC index was at 10,615.43, up by 251.26 points or by 2.42%. The major gainers were Aurobindo Pharma (2.07%), Cipla (0.84%), Biocon (0.18%), Dr Reddy'S Laboratories (0.1%) and Divis Laboratories (0.04%).

The Realty index was at 1,533.39, up by 27.68 points or by 1.84%. The major gainers were D L F (2.89%), Indiabulls Real Estate (2.03%), Housing Development and Infrastructure (1.2%), Godrej Properties (0.66%) and Anant Raj (0.32%).

The Metal index was at 10,313.31, up by 178.96 points or by 1.77%. The major gainers were Hindalco Industries (4.16%), Hindustan Zinc (1.56%), Coal India (1.21%), Jindal Steel & Power (0.8%) and Bhushan Steel (0.74%).

On the other hand, the IT index was at 8,730.39, down by 136.96 points or by 1.54%. The major losers were Tech Mahindra (2.71%), Tata Consultancy Services (1.76%), H C L Technologies (1.71%), Infosys (1.42%) and Oracle Financial Services Software (1.34%).

Market Breadth

Market breadth was positive with 1,652 advances against 926 declines.

Value and Volume Toppers

D B Corp topped the value chart on the BSE with a turnover of Rs. 1,700.33 million. It was followed by Sun Pharmaceutical Industries (Rs. 579.03 million), Ranbaxy Laboratories (Rs. 484.82 million) and Infosys (Rs. 269.90 million).

The volume chart was led by D B Corp with trades of over 5.84 million shares. It was followed by Suzlon Energy (4.38 million), Spicejet (2.92 million) and Unitech (2.29 million).

 

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