Sensex up 372 points; BHEL, Hindalco surge Analysis for Oct 09, 2014

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The key domestic benchmark indices continued to trade firm in the noon session of trade. The 30-share benchmark index was up 372 points amid buying interest in index heavyweight"s including Hindalco, BHEL, SBIN, ICICI Bank, HDFC and HDFC Bank among others. On the global front, Asian markets were trading firm after the U.S. Federal Reserve in its latest policy meet reassured investors that the central bank is in no hurry to raise interest rates.At 1:23PM BSE SENSEX was at 26619.32, up by 372.53 points or by 1.42 per cent, while the NSE Nifty was at 7925.25 up by 82.55 points or by 1.05 per cent.

The BSE MIDCAP was at 9556.1, up by 152.27 points or by 1.62 per cent, while the BSE SMLCAP was at 10716.6, up by 152.46 points or by 1.44 per cent.

The BSE Sensex touched an intraday high of 26622.05 and an intraday low of 26394.21, while the NSE Nifty touched an intraday high of 7940.7 and an intraday low of 7886.5.

The top gainers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 156.85,+5.41%), Bharat Heavy Electricals Ltd. (Rs. 212.70,+5.32%), State Bank of India (Rs. 2482.00,+2.91%), Axis Bank Ltd. (Rs. 387.80,+2.42%), ICICI Bank Ltd. (Rs. 1484.60,+2.41%), among others.

The top losers of the BSE Sensex pack were NTPC Ltd. (Rs. 143.25,-0.35%), Mahindra & Mahindra Ltd. (Rs. 1369.05,-0.26%), Infosys Ltd. (Rs. 3642.10,-0.22%), Wipro Ltd. (Rs. 592.00,-0.16%), ITC Ltd. (Rs. 365.50,-0.12%), among others.

Among the sectors, In BSE, BSE_Bankex index was at 18001.66 up by 425.6 points or by 2.42%. Federal Bank Ltd. (Rs. 130.20,+6.42%), Bank of India (Rs. 242.10,+4.47%), Canara Bank (Rs. 370.55,+4.00%), YES Bank Ltd. (Rs. 572.70,+3.29%), State Bank of India (Rs. 2482.00,+2.91%),.

On the flip side, In BSE, BSE_FMCG index was at 7546.98 down by 23.63 points or by 0.31%. Marico Ltd. (Rs. 302.20,-1.14%), ITC Ltd. (Rs. 365.50,-0.12%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2909 shares traded, 1920 shares advanced, 879 shares declined while 110 were unchanged.

Story first published: Thursday, October 9, 2014, 13:48 [IST]
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