FREE NSE NIFTY LIVE TIPS 07 JUN 2012

SENSEX TRADES UP 135 POINTS; METAL, OIL & GAS RISE

DATE: 07/06/2012       

Indian markets continued to gain for the fourth day on Thursday.  Sensex was trading up 134.94 points or 0.82% at 16,589.24 with 25 components gaining. Meanwhile, the Nifty was trading higher by 31.40 points or 0.63% at 5,028.50 with 32 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 123.71 points or 0.75% at 16,578.01, while the broad based NSE Nifty started with a rise of 38.25 points or 0.77%, at 5,035.35.

Sensex Movers

Reliance Industries contributed rise of 33.3 points in the Sensex. It was followed by Infosys (26.71 points), H D F C Bank (19.26 points), I C I C I Bank (19.23 points) and Housing Development Finance Corporation (6.06 points).

However, Tata Consultancy Services contributed fall of 12.08 points in the Sensex. It was followed by Mahindra & Mahindra (3.92 points), Oil & Natural Gas Corporation (2.25 points), I T C (2.03 points) and Larsen & Toubro (1.19 points).

Biggest gainers in the 30-share index were Sterlite Industries (India) (3.10%), Hero Honda Motors (2.27%), Reliance Industries (2.18%), Infosys Technologies (1.85%), I C I C I Bank (1.72%), and H D F C Bank (1.68%).

On the other hand, Tata Consultancy Services (1.36%), Mahindra & Mahindra (1.07%), Oil & Natural Gas Corporation (0.34%), Larsen & Toubro (0.15%), and I T C (0.13%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.56% and 0.45% respectively.

The major gainers in the BSE Midcap were CORE Education and Technologies (2.29%), Aban Offshore (1.14%), A I A Engineering (0.85%), Alstom Projects India (0.36%) and Allcargo Logistics (0.27%).

The major gainers in the BSE Smallcap were Aegis Logistics (2.45%), Trident (2.4%), A2Z Maintenance & Engineering Services (1.68%), Reliance MediaWorks (1.32%) and Adhunik Metaliks (0.59%).

Sectors in Limelight

The Metal index was at 10,273.28, up by 137.67 points or by 1.36%. The major gainers were Jindal Steel & Power (1.26%), Coal India (0.84%), Hindalco Industries (0.83%), NMDC (0.81%) and Hindustan Zinc (0.8%).

The Oil & Gas index was at 7,787.90, up by 88.75 points or by 1.15%. The major gainers were Reliance Industries (2.18%), Cairn India (1.94%), Oil India (0.36%), Petronet LNG (0.22%) and G A I L (India) (0.06%).

The Bankex index was at 11,331.28, up by 112.50 points or by 1.00%. The major gainers were I C I C I Bank (1.72%), H D F C Bank (1.68%), Federal Bank (0.63%), Bank Of India (0.58%) and Indusind Bank (0.37%).

On the other hand, the Consumer Durables index was at 6,057.24, down by 5.84 points or by 0.1%. The major losers were Rajesh Exports (0.7%) and Titan Industries (0.49%).

Market Breadth

Market breadth was negative with 1,185 advances against 780 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 390.15 million. It was followed by Larsen & Toubro (Rs. 193.47 million), Tata Motors (Rs. 184.43 million) and Jubilant FoodWorks (Rs. 178.73 million).

The volume chart was led by Cals Refineries with trades of over 3.60 million shares. It was followed by Kingfisher Airlines (3.01 million), Lanco Infratech (2.64 million) and Suzlon Energy (1.21 million).

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