NIFTY OPTION TIPS 15 JUN 2012

SENSEX GAINS 111 POINTS; BANKEX, CONSUMER DURABLES CLIMB

DATE: 15/06/2012       

Indian markets continue to trade on a higher note led by banking and consumer durable stocks.  Sensex was trading up 110.76 points or 0.66% at 16,788.64 with 25 components gaining. Meanwhile, the Nifty was trading higher by 35.90 points or 0.71% at 5,090.65 with 43 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 23.40 points or 0.14% at 16,701.28, while the broad based NSE Nifty started with a rise of 14.80 points or 0.29%, at 5,069.55.

Sensex Movers

I C I C I Bank contributed rise of 20.4 points in the Sensex. It was followed by Reliance Industries (19.27 points), H D F C Bank (10.32 points), Tata Motors (8.82 points) and Infosys (8.49 points).

However, Housing Development Finance Corporation contributed fall of 1.6 points in the Sensex. It was followed by Sterlite Industries (India) (1.5 points), Tata Power Company (0.71 points), Bharat Heavy Electricals (0.67 points).

Major gainers in the 30-share index were Coal India (2.08%), Hero Motocorp (1.96%), I C I C I Bank (1.80%), Sun Pharmaceutical Industries (1.66%), Tata Motors (1.65%), and Hindalco Industries (1.37%).

On the other hand, Bajaj Auto (1.12%), Sterlite Industries (India) (0.83%), Tata Power Company (0.38%), Bharat Heavy Electricals (0.30%), and Housing Development Finance Corporation (0.14%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.47% and 0.39% respectively.

The major gainers in the BSE Midcap were A I A Engineering (1.21%), CORE Education and Technologies (0.76%), Alstom Projects India (0.73%), A B G Shipyard (0.45%) and Aban Offshore (0.42%).

The major gainers in the BSE Smallcap were Aegis Logistics (1.9%), A B G Infralogistics (1.29%), Styrolution ABS (India) (1.05%), A2Z Maintenance & Engineering Services (0.39%) and Reliance MediaWorks (0.18%).

Sectors in Limelight

The Bankex index was at 11,469.93, up by 131.21 points or by 1.16%. The major gainers were I C I C I Bank (1.8%), Canara Bank (1.22%), Indusind Bank (1.16%), H D F C Bank (0.86%) and Bank Of Baroda (0.64%).

The Consumer Durables index was at 6,119.76, up by 58.82 points or by 0.97%. The major gainers were Whirlpool Of India (1.37%), Blue Star (1.16%), Rajesh Exports (0.5%), Bajaj Electricals (0.37%) and Gitanjali Gems (0.02%).

The Oil & Gas index was at 7,841.46, up by 71.73 points or by 0.92%. The major gainers were Cairn India (1.08%), G A I L (India) (1.08%), Oil India (0.88%), Bharat Petroleum Corporation (0.72%) and Hindustan Petroleum Corporation (0.69%).

The Realty index was at 1,608.74, up by 14.30 points or by 0.90%. The major gainers were Indiabulls Real Estate (2.78%), Anant Raj Industries (0.86%), D L F (0.86%), Godrej Properties (0.74%) and Housing Development and Infrastructure (0.21%).

Market Breadth

Market breadth was negative with 1,384 advances against 972 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 438.85 million. It was followed by Larsen & Toubro (Rs. 328.91 million), M M T C (Rs. 222.05 million) and Nestle India (Rs. 185.54 million).

The volume chart was led by Acil Cotton Industries with trades of over 7.53 million shares. It was followed by Sybly Industries (2.11 million), Cals Refineries (1.62 million) and Housing Development and Infrastructure (1.26 million).

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