Sensex up over 100 points; heavyweights gain

ICICI Bank, ONGC, Baja Auto, Wipro among the top gainers

Markets were steady in noon trades; holding on to its early gains with BSE benchmark index up 116 points at 26,558 and the Nifty gained 30 points to trade at 7,935. ICICI Bank, ONGC, Baja Auto, Wipro were some of the top gainers of the hour.

In the broader markets, the mid and smallcap indices gained nearly 1% each with buying visible almost across the sectors.

Sectors & Stocks

Metal and Power indices down upto 0.8% witnessed continued selling pressure post the Supreme Court declared all captive coal blocks allotted since 1993 as illegal.

IT and Consumer Durables up 1% each were the preferred sectoral pockets along with Auto, FMCG and Teck indices up 0.7%

NTPC, Sesa Sterlite, BHEL down 1-2% were the top losers of the hour. Hindalco, HDFC Bank, GAIL, Tata Steel, Coal India and RIL down 0.5% each were some of the other prominent names in red.

Among the ones in green were ICICI Bank, ONGC, Bajaj Auto up 1.5-2% along with Tata Motors, Wipro, HUL and Tata Power adding a percent each.

In individual names, GVK Power & Infrastructure were locked in 5% circuit at Rs 13 after the company said its subsidiary GVK MIAL has awarded the first land parcel for commercial development to Oasis Realty Private Limited for Rs. 580 crore

Dabur India is trading 3% higher at Rs 234, extending its previous day’s about 2% gain, on back of huge delivery-based buying.

IIFL Holdings was locked in 5% upper circuit at Rs 135 after the company said it has received registration from capital market regulator Sebi to offer investment advisory services.


The market breadth was positive on BSE. 1502 stocks advanced while 1227 stocks declined.

Global Markets

The euro was cracking under pressure on Wednesday as feverish speculation of further policy stimulus in the euro zone drove bond yields to all-time lows and lifted Asian stocks to peaks not seen in almost seven years.

The prospect of yet further lashings of liquidity in Europe was taken as a positive for emerging markets and MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.4% to its loftiest since January 2008.

After a solid start Japan's Topix was stalled by stiff chart resistance in the 1,290/1,300 zone where it has peaked a number of times in the past.

In Europe, CAC, DAX were down upto 0.2% while FTSE was unchanged.