Sensex surges; GAIL, Tata Power up Analysis for Jun 16, 2014

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The Indian benchmark was trading in green in afternoon session of day"s trade. Realty sector stocks were on the rise with D B Realty Ltd leading the pack followed by Mahindra Lifespace Developers Ltd, Indiabulls Real Estate Ltd, Unitech Ltd and DLF Ltd. Shares of Idea Cellular rose on Bombay Stock Exchange (BSE) after the Reserve Bank of India (RBI) announced that foreign institutional investors (FIIs) can now purchase up to 49% stake in telecom operator. At 14:37PM BSE SENSEX was at 25245.08 up by 16.91 points or by 0.07 per cent and then NSE Nifty was at 7520.5 down by -21.6 points or by -0.29 per cent.

The BSE MIDCAP was at 8973.58 up by 37.65 points or by 0.42 per cent. while the BSE SMLCAP was at 9687.08 up by 12.5 points or by 0.13 per cent

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3092 , shares advanced were 1243 while 1731 shares declined and 118 were unchanged

The top gainers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 432.00,+3.65 per cent), Tata Power Company Ltd. (Rs. 106.30,+2.61 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 643.20,+2.44 per cent), Tata Consultancy Services Ltd. (Rs. 2267.10,+2.37 per cent), Infosys Ltd. (Rs. 3253.80,+2.27 per cent), among others.

The top losers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 1771.00,-2.64 per cent), Mahindra & Mahindra Ltd. (Rs. 1204.00,-2.07 per cent), Larsen & Toubro Ltd. (Rs. 1654.50,-1.85 per cent), Housing Development Finance Corporation Ltd. (Rs. 960.50,-1.72 per cent), Tata Motors Ltd. (Rs. 432.50,-1.21 per cent), among others.

The top gainers of the NSE Nifty pack were GAIL (India) Ltd. (Rs. 428.95,+3.25 per cent), Tata Consultancy Services Ltd. (Rs. 2271.80,+2.63 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 642.95,+2.10 per cent), Infosys Ltd. (Rs. 3252.20,+2.05 per cent), Bharat Petroleum Corporation Ltd. (Rs. 580.35,+1.86 per cent), among others.

The top losers of the NSE Nifty pack were Axis Bank Ltd. (Rs. 1762.85,-3.03 per cent), Mahindra & Mahindra Ltd. (Rs. 1196.50,-2.63 per cent), Housing Development Finance Corporation Ltd. (Rs. 956.95,-2.32 per cent), Larsen & Toubro Ltd. (Rs. 1649.80,-2.14 per cent), UltraTech Cement Ltd. (Rs. 2717.80,-1.81 per cent), among others

Among the sectoral indices on BSE, BSE Realty index was at 2029.5 up by 34.75 points or by 1.74 per cent. D B Realty Ltd. (Rs. 100.80,+16.33 per cent), Mahindra Lifespace Developers Ltd. (Rs. 577.40,+4.37 per cent), Indiabulls Real Estate Ltd. (Rs. 98.05,+3.37 per cent), Unitech Ltd. (Rs. 32.90,+2.17 per cent), DLF Ltd. (Rs. 209.45,+2.10 per cent)

Story first published: Monday, June 16, 2014, 15:00 [IST]
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