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Sensex above 20,000 mark in volatile trade due to directionless market
October, 20th 2010

The Sensex trades above 20,000 mark in volatile trade due to directionless market. Metal, realty and FMCG stocks witnessed marginal profit booking, while oil & gas, healthcare and capital goods managed to trade in green.

At 2.02 pm, the Sensex was trading down 11.32 points or 0.06% at 19,971.81 with 15 components falling. Meanwhile, the Nifty was trading lower by 9.35 points or 0.16% at 6,017.95 with 31 components falling.

The 30-share benchmark index, BSE Sensex opened with a decline of 59.11 points or 0.30% at 19,924.02, while the broad based NSE Nifty started with a rise of 87.15 points or 1.45%, at 6,114.45.

Sensex Movers

Housing Development Finance Corporation contributed fall of 25.99 points in the Sensex. It was followed by Tata Steel (12.47 points), I T C (9.97 points), Sterlite Industries (India) (9.58 points) and H D F C Bank (7.38 points).

However, Reliance Industries contributed rise of 28.41 points in the Sensex. It was followed by Larsen & Toubro (17.86 points), Infosys Technologies (7.07 points), Oil & Natural Gas Corporation (5.6 points) and NTPC (5.11 points).

Major gainers in the 30-share index were Larsen & Toubro (1.30%), NTPC (1.20%), Reliance Industries (1.20%), Tata Power Company (1.14%), Jaiprakash Associates (0.94%), and Cipla (0.86%).

On the other hand, Sterlite Industries (India) (2.80%), Tata Steel (2.45%), Housing Development Finance Corporation (2.15%), Hindalco Industries (1.33%), Bharti Airtel (1.07%), and I T C (0.85%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.33% and 0.01% respectively.

The major gainers in the BSE Midcap were Ackruti City (1.03%), Alstom Projects India (0.97%), Astrazeneca Pharma India (0.93%), Allcargo Global Logistics (0.38%) and Alfa-Laval (India) (0.24%).

The major gainers in the BSE Smallcap were A B G Shipyard (7.17%), Advanta India (1.45%), A B G Infralogistics (1.01%), Reliance MediaWorks (0.54%) and Aegis Logistics (0.11%).

Sectors in Limelight

The Oil & Gas index was at 10,846.68, up by 108.91 points or by 1.01%. The major gainers were Bharat Petroleum Corporation (1.76%), Reliance Industries (1.2%), Indian Oil Corporation (1.02%), Oil & Natural Gas Corporation (0.77%) and Hindustan Petroleum Corporation (0.21%).

The HC index was at 6,400.46, up by 42.16 points or by 0.66%. The major gainers were Cadila Healthcare (2.23%), Aurobindo Pharma (1.81%), Cipla (0.86%), Glaxo SmithKline Pharmaceuticals (0.59%) and Divis Laboratories (0.52%).

The Capital Goods index was at 15,935.28, up by 99.08 points or by 0.63%. The major gainers were Havell`S India (2.37%), Praj Industries (1.85%), Larsen & Toubro (1.3%), Crompton Greaves (1.24%) and Bharat Heavy Electricals (0.14%).

On the other hand, the Metal index was at 17,006.42, down by 269.61 points or by 1.56%. The major losers were JSW Steel (1.88%), Hindalco Industries (1.33%), NMDC (1.1%), National Aluminium Company (0.8%) and Jindal Steel & Power (0.21%).

Market Breadth

Market breadth was negative with 1,239 advances against 1,694 declines.

Value and Volume Toppers

Oberoi Realty topped the value chart on the BSE with a turnover of Rs. 5,314.78 million. It was followed by Bedmutha Industries (Rs. 1,097.37 million), Tata Steel (Rs. 736.54 million) and State Bank Of India (Rs. 640.06 million).

The volume chart was led by Oberoi Realty with trades of over 18.72 million shares. It was followed by FCS Software Solutions (11.94 million), Alok Industries (9.20 million) and Birla Power Solutions (8.25 million).

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