Mid-Session: Sensex up 30 points; IT stocks surge 1.94% Analysis for Sep 19, 2014

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The markets continue to trade in the positive territory during the afternoon session, led by gains in IT index followed by Teck, Consumer durables, Oil and Gas and Power indices. Among the individual stocks were Tata Consultancy Services, Sun Pharmaceutical Industries, Cipla, Wipro, Tata Power Company were among the notable gainers. Tata Group companies stock are trading higher by up to 4 per cent after global rating agency Moody's upgraded the ratings for many group firms including Tata Motors, Tata Steels and Tata Consultancy Services (TCS).

At 12:16 the 30-share barometer index of Bombay Stock Exchange, Sensex at 27142.62 up by 30.41 points or by 0.11 % and then NSE Nifty was at 8124.55 up by 9.8 points or by 0.12 %.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2895, shares advanced were 1390 while 1414 shares declined and 91 were unchanged.

The BSE MIDCAP was at 9886.17 up by 24.95 points or by 0.25 %, while the BSE SMLCAP was at 11173.82 up by 52.66 points or by 0.47 %.

The top gainers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2716.95,+3.05%), Sun Pharmaceutical Industries Ltd. (Rs. 821.00,+1.96%), Cipla Ltd. (Rs. 629.05,+1.42%), Wipro Ltd. (Rs. 587.90,+1.20%), Tata Power Company Ltd. (Rs. 88.95,+1.08%), among others.

The top losers of the BSE Sensex pack were Larsen & Toubro Ltd. (Rs. 1547.50,-1.74%), Axis Bank Ltd. (Rs. 399.05,-1.53%), Hindustan Unilever Ltd. (Rs. 739.20,-1.51%), Bharat Heavy Electricals Ltd. (Rs. 225.50,-1.29%), Hero MotoCorp Ltd. (Rs. 2963.80,-1.15%), among others.

Among the thirteen sectoral indices on BSE, BSE IT index was at 10629.05 up by 201.78 points or by 1.94%. HCL Technologies Ltd. (Rs. 1686.45,+3.09%), Tata Consultancy Services Ltd. (Rs. 2716.95,+3.05%), Mahindra & Mahindra Ltd. (Rs. 2486.50,+2.37%), MindTree Ltd. (Rs. 1209.25,+2.30%), MphasiS Ltd. (Rs. 447.70,+2.27%),.

Meanwhile, BSE CGS index was at 15167.14 down by -203.69 points or by -1.33%. Suzlon Energy Ltd. (Rs. 20.40,-9.93%), Crompton Greaves Ltd. (Rs. 212.60,-2.74%), Larsen & Toubro Ltd. (Rs. 1547.50,-1.74%), Bharat Heavy Electricals Ltd. (Rs. 225.50,-1.29%), Punj Lloyd Ltd. (Rs. 40.05,-1.23%),.

Story first published: Friday, September 19, 2014, 13:01 [IST]
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