Isra-Mart srl: Markets continue to trade firm; Metal index up 5%

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Indian equities gained further ground on the back of sustained buying interest seen in index heavyweights. All sectoral indices are trading in green with metals leading the space followed by banking, realty and consumer durables.

At 2.05 p.m., the Sensex was trading up 440.47 points or 2.79% at 16,232.88 with 27 components gaining. Meanwhile, the Nifty was trading higher by 134.00 points or 2.82% at 4,885.30 with 44 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 430.08 points or 2.72% at 16,222.49, while the broad based NSE Nifty started with a rise of 132.35 points or 2.79%, at 4,883.65.

Sensex Movers

I C I C I Bank contributed rise of 70.66 points in the Sensex. It was followed by Reliance Industries (66.47 points), Housing Development Finance Corporation (40.38 points), Infosys (37.6 points) and I T C (35.52 points).

However, Bharti Airtel contributed fall of 25.25 points in the Sensex. It was followed by Hero Motocorp (1.83 points), Oil & Natural Gas Corporation (0.21 points), ACC (0.35 points) and Reliance Communications (0.5 points).

Biggest gainers in the 30-share index were Sterlite Industries (India) (8.23%), Jindal Steel & Power (7.32%), Tata Motors (6.65%), I C I C I Bank (5.83%), D L F (5.55%), and Hindalco Industries (5.29%).

On the other hand, Bharti Airtel (4.18%), Hero Honda Motors (0.79%), and Oil & Natural Gas Corporation (0.04%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 1.45% and 1.31% respectively.

The major gainers in the BSE Midcap were Aban Offshore (3.27%), Alstom Projects India (2.99%), CORE Education and Technologies (0.74%), A B G Shipyard (0.55%) and A I A Engineering (0.37%).

The major gainers in the BSE Smallcap were A K Capital Services (2.8%), INEOS ABS (India) (2.21%), A B G Infralogistics (1.55%), Aanjaneya Lifecare (1.06%) and Aarti Industries (0.44%).

Sectors in Limelight

The Metal index was at 10,866.12, up by 513.34 points or by 4.96%. The major gainers were Jindal Steel & Power (7.32%), Hindalco Industries (5.29%), Hindustan Zinc (5.04%), Coal India (3.48%) and JSW Steel (2.09%).

The Bankex index was at 10,361.11, up by 399.57 points or by 4.01%. The major gainers were Federal Bank (3.83%), H D F C Bank (2.59%), Bank Of India (1.79%), Bank Of Baroda (1.67%) and Canara Bank (1.46%).

The Realty index was at 1,738.42, up by 60.19 points or by 3.59%. The major gainers were D L F (5.55%), Housing Development and Infrastructure (2.97%), Godrej Properties (2.72%), Indiabulls Real Estate (2.29%) and D B Realty (0.69%).

The Consumer Durables index was at 6,343.55, up by 204.15 points or by 3.33%. The major gainers were Titan Industries (5.65%), Gitanjali Gems (1.9%), Bajaj Electricals (1.45%), Blue Star (0.87%) and Rajesh Exports (0.38%).

Market Breadth

Market breadth was positive with 1,865 advances against 837 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 931.18 million. It was followed by Reliance Industries (Rs. 409.25 million), I C I C I Bank (Rs. 401.95 million) and Jubilant FoodWorks (Rs. 363.72 million).

The volume chart was led by Cals Refineries with trades of over 6.27 million shares. It was followed by Tata Motors (2.09 million), Resurgere Mines and Minerals India (1.74 million) and Jaiprakash Associates (1.65 million).