Market Buzz

The BSE Sensex and NSE Nifty pared losses led by buying interest in banks and FMCG stocks. European markets too recouped losses after initial fall; France's CAC, Germany's DAX and Britain's FTSE were flat.

The BSE benchmark rose 5 points to 17,543.56 while the NSE benchmark declined 3.55 points to 5,323.75.

Country's largest private sector lender ICICI Bank spiked over 1% while its rival HDFC Bank gained 0.8%. Top lender State Bank of India turned flat after recovery.

Housing finance company HDFC, and FMCG majors ITC and HUL moved up 1.3% each. Commercial vehicle maker Tata Motors and utility vehicle manufacturer Mahindra & Mahindra climbed 1%.

State-owned power equipment manufacturer BHEL went up 0.5% whereas engineering and construction major by sales Larsen & Toubro was down 1%.

Reliance Industries, India's most valued stock trimmed losses to 0.5% and top software services exporter TCS to 0.12% from 1% each.

Shares of Infosys, Wipro, Bharti Airtel, ONGC, Tata Steel and NTPC were down 0.5-1.5%.

sensex newstotal

A strong stock market, which saw the BSE Sensexsurge 2.69%, has pushed up the combined market capitalisation (m-cap) of top nine blue-chips by Rs.46,869 crore, with energy major RIL alone adding Rs.8,645 crore to its value.

TCS , ONGC , Coal India, ITC , SBI , Infosys , HDFC Bank and NTPC also logged gains in value.

Bharti Airtel , however, was the only one in top-10 that saw slump in m-cap for the trading week ended on Friday.

The market value of Reliance Industries Ltd surged Rs. 8,645 crore to Rs. 2,41,481 crore, followed by IT major TCS which added Rs. 8,582 crore taking its m-cap to Rs.2,50,044 crore on Friday.

ITC's value climbed Rs. 6,568 crore to Rs. 2,02,458 crore, while NTPC added Rs.6,267 crore to reach Rs. 1,31,721 crore.

Similarly, the m-cap of CIL jumped Rs. 6,190 crore to Rs. 2,19,430 crore; ONGC saw a gain of Rs. 4,534 crore at Rs. 2,43,574 crore and HDFC Bank added Rs. 4,346 crore at Rs. 1,32,371 crore.

Infosys' value soared Rs. 1,576 crore to Rs. 1,43,703 crore and m-cap of SBI rose byRs. 161 crore to Rs. 1,44,888 crore.

In contrast, the market worth of Bharti Airtel slipped Rs. 2,184 crore to Rs. 1,15,824 crore.

TCS retained the first slot in the top 10 list for the week, followed by ONGC, RIL, CIL, ITC, SBI, Infosys, HDFC Bank, NTPC and Bharti.

  

State run Coal-India beat the corporate leaders

In between the present trend of downmarket, the cumulative market capitalisation of eight of the top 10 companies grew by Rs 39,723 crore, with state-run Coal India alone adding Rs 8,432 crore.
However, corporate leader Reliance Industries and power producer NTPC saw erosion in their market value.
The BSE 30-scrip benchmark index Sensex up by 1.38% to end the trading week at 16,949.83 on Friday.
CIL m-cap advanced Rs 8,432 crore at Rs 2,14,724 crore, becoming the top gainer among the top 10 firms.
IT bellwether TCS was the second biggest gainer as its m-cap rose by Rs 7,887 crore at Rs 2,48,850 crore.
FMCG firm ITC added Rs 6,568 crore taking its value to Rs 1,93,975 crore, while the m-cap of Infosys surged Rs 5,791 crore to Rs 1,44,708 crore.
ONGC saw a spurt of Rs 5,561 crore in its market worth which stood at Rs 2,27,362 crore, while Bharti Airtel 's valuation moved up Rs 3,057 crore to Rs 1,18,444 crore. HDFC Bank added Rs 2,243 crore at Rs 1,28,694 crore and SBI 's worth climbed Rs 184 crore to Rs 1,46,475 crore.
In contrast to the gains made by these companies, RIL saw the loss stage of Rs 917 crore from its m-cap which was at Rs 2,37,928 crore, while NTPC lost Rs 4,659 crore from its value which was stood at Rs 1,23,764 crore.
TCS retained the number one position on the list, while RIL was at second place, followed by ONGC, CIL, ITC, SBI, Infosys, HDFC Bank, NTPC and Bharti.