Post-Session: Sensex ends above 29,000 Analysis for Feb 13, 2015

Posted By: Religare
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The Indian benchmarks closed on positive note with the BSE Sensex gaining nearly 300 points while NSE Nifty crosses 8,800 marks. BSE FMCG index was the top sectoral gainer up 1.77 per cent followed by Healthcare among others. Shares of pharmaceutical companies were in demand and traded higher after reporting a good set of numbers for the quarter ended December 2014 and expectation of strong export growth backed by better regulatory compliance track record and patent expiry. The BSE SENSEX closed at 29094.93 up by 289.83 points or by 1.01 per cent and then NSE Nifty closed at 8805.5 up by 93.95 points or by 1.08 per cent.

The BSE MIDCAP closed at 10740.95 up by 78.84 points or by 0.74 per cent. while the BSE SMLCAP closed at 11239.28 up by 39.13 points or by 0.35 per cent.

The top gainers of the BSE Sensex pack were State Bank of India (Rs. 307.05,+7.96 per cent), Mahindra & Mahindra Ltd. (Rs. 1192.00,+5.11 per cent), Tata Consultancy Services Ltd. (Rs. 2538.65,+3.08 per cent), Coal India Ltd. (Rs. 377.50,+2.37 per cent), ITC Ltd. (Rs. 378.05,+2.01 per cent), among others.

The top losers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 406.25,-3.96 per cent), Bharat Heavy Electricals Ltd. (Rs. 259.55,-3.12 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 339.90,-1.99 per cent), HDFC Bank Ltd. (Rs. 1065.85,-1.09 per cent), Infosys Ltd. (Rs. 2296.40,-0.82 per cent), among others.

The top gainers of the NSE Nifty pack were State Bank of India (Rs. 306.95,+7.97 per cent), Mahindra & Mahindra Ltd. (Rs. 1192.55,+5.12 per cent), Lupin Ltd. (Rs. 1679.45,+3.82 per cent), Jindal Steel & Power Ltd. (Rs. 152.25,+3.75 per cent), Tata Consultancy Services Ltd. (Rs. 2538.75,+3.11 per cent), among others.

The top losers of the NSE Nifty pack were GAIL (India) Ltd. (Rs. 404.20,-4.37 per cent), Bharat Heavy Electricals Ltd. (Rs. 259.35,-3.12 per cent), DLF Ltd. (Rs. 155.20,-2.24 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 339.55,-1.99 per cent), HDFC Bank Ltd. (Rs. 1065.80,-0.95 per cent), among others

Among the thirteen sectoral indices, power index was leading the rise and closed at 8409.07 up by 146.24 points or by 1.77 per cent. Nestle India Ltd. (Rs. 7075.00,+3.79 per cent), United Breweries Ltd. (Rs. 1007.45,+3.43 per cent), Godrej Consumer Products Ltd. (Rs. 1180.05,+2.84 per cent), Colgate-Palmolive (India) Ltd. (Rs. 1908.20,+2.47 per cent), ITC Ltd. (Rs. 378.05,+2.01 per cent)

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3138 , shares advanced were 1535 while 1486 shares declined and 117 were unchanged

Story first published: Friday, February 13, 2015, 17:00 [IST]
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