Mid-Market—Sensex, Nifty extend gains on back of heavyweights like Tata Motors, ONGC, RIL Analysis for Aug 14, 2013

Subscribe to GoodReturns

Indian markets were seen extending gains in a volatile session so far as uncertainty lingered over the rate cut after July headline inflation rose to a five-month high level. The data released on Wednesday showed that WPI in July increased to 5.79 per cent as against the expectations of 5 per cent. Markets edged higher on back of gains in heavyweight stocks like Tata Motors, Hindalco Industries, ONGC, TCS, Tata Steel, among others. In the broader markets, midcap index surged 0.48 per cent while small-cap index gained 0.23 per cent. Sentiments overall in the global equity markets remained bearish as upbeat US economic data reinforced the recovery in world"s largest economy and strengthened the case for stimulus wind up in September.

At 1:53PM BSE SENSEX was at 19332.95 up by 103.11 points or by 0.54 per cent while NSE Nifty was at 5715.2 up by 15.9 points or by 0.28 per cent.

The BSE MIDCAP was at 5582.14 up by 28.11 points or by 0.51 per cent, while the BSE SMLCAP was at 5382.67 up by 13.25 points or by 0.25 per cent.

The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 313.75,+7.76%), Hindalco Industries Ltd. (Rs. 95.65,+4.59%), Oil And Natural Gas Corporation Ltd. (Rs. 285.55,+3.86%), Tata Steel Ltd. (Rs. 249.40,+3.42%), GAIL (India) Ltd. (Rs. 317.15,+3.21%), among others.

The top losers of the BSE Sensex pack were Bharat Heavy Electricals Ltd. (Rs. 117.70,-2.65%), Wipro Ltd. (Rs. 460.25,-1.40%), Hindustan Unilever Ltd. (Rs. 613.75,-1.22%), Bharti Airtel Ltd. (Rs. 343.00,-0.98%), Dr. Reddy's Laboratories Ltd. (Rs. 2221.00,-0.83%), among others.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2367, shares advanced were 1174 while 1036 shares declined and 157 were unchanged.

In BSE, BSE Auto index was at 10853.33 up by 325.01 points or by 3.09%. Tata Motors Ltd. (Rs. 313.75,+7.76%), Cummins India Ltd. (Rs. 408.00,+4.56%), Motherson Sumi Systems Ltd. (Rs. 235.95,+3.46%), Bajaj Auto Ltd. (Rs. 1899.00,+2.13%), Exide Industries Ltd. (Rs. 132.60,+1.92%),.

In BSE, BSE_CDS index was at 6407.73 up by 156.97 points or by 2.51%. Whirlpool of India Ltd. (Rs. 170.00,+5.92%), VIP Industries Ltd. (Rs. 45.50,+5.57%), Gitanjali Gems Ltd. (Rs. 68.70,+4.97%), Titan Industries Ltd. (Rs. 273.00,+3.84%), Bajaj Electricals Ltd. (Rs. 163.50,+1.02%),.

Read more about:
Story first published: Wednesday, August 14, 2013, 14:12 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'