Sensex continues to trade above 16,400
Date: 17.01.2012
Goldennifty says: Indian shares continue to trade on a buoyant note with Sensex and Nifty trading above 16,400 and 5,900 mark respectively. This upmove was led by strong rally seen in Asian markets. However markets shrugged off eurozone worries and reacted to the fourth quarter GDP data of China. China`s gross domestic growth in fourth quarter was at 2.5-year low. Both Sensex and Nifty were trading above 1-month high.
At 11.27 a.m., the Sensex was trading up 233.17 points or 1.44% at 16,422.53 with 29 components gaining. Meanwhile, the Nifty was trading higher by 77.45 points or 1.59% at 4,951.35 with 48 components gaining.
The 30-share benchmark index, BSE Sensex opened with a gain of 81.51 points or 0.50% at 16,270.87, while the broad based NSE Nifty started with a rise of 30.60 points or 0.63%, at 4,904.50.
Reliance Industries contributed rise of 39.23 points in the Sensex. It was followed by Larsen & Toubro (18.57 points), H D F C Bank (16 points), State Bank Of India (11.8 points) and Hindalco Industries (10.88 points).
However, I T C contributed fall of 0.66 points in the Sensex. It was followed by Tata Power Company (2.3 points), ACC (2.55 points), Reliance Infrastructure (2.58 points) and Reliance Communications (2.75 points).
Biggest gainers in the 30-share index were Hindalco Industries (4.95%), Maruti Suzuki India (4.36%), Sterlite Industries (India) (4.10%), Bharat Heavy Electricals (2.87%), D L F (2.87%), and Coal India (2.64%).
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 1.38% and 1.39% respectively.
The major gainers in the BSE Midcap were Aban Offshore (3.81%), A B G Shipyard (3.11%), A I A Engineering (2.82%), Alstom Projects India (1.36%) and CORE Education and Technologies (0.89%).
The major gainers in the BSE Smallcap were Provogue (India) (2.97%), A2Z Maintenance & Engineering Services (1.89%), Aarti Industries (0.41%), Trident (0.09%) and INEOS ABS (India) (0.03%).
The major gainers in the BSE Midcap were Aban Offshore (3.81%), A B G Shipyard (3.11%), A I A Engineering (2.82%), Alstom Projects India (1.36%) and CORE Education and Technologies (0.89%).
The major gainers in the BSE Smallcap were Provogue (India) (2.97%), A2Z Maintenance & Engineering Services (1.89%), Aarti Industries (0.41%), Trident (0.09%) and INEOS ABS (India) (0.03%).
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