1 Dec Closing Market Update:

1 Dec Closing Market Update:

The Sensex rallied further on relentless buying seen across board. Broader markets too traded higher. In sectoral space, metal and PSU were in the limelight followed by banking, consumer durable and oil & gas.
The 30-share benchmark index, BSE Sensex opened flat with a rise of 8.74 points or 0.04% at 19,529.99, while the broad based NSE Nifty started with a fall of 51.10 points or 0.87%, at 5,811.60.
Sensex Movers
State Bank Of India contributed rise of 41.51 points in the Sensex. It was followed by H D F C Bank (37.02 points), I C I C I Bank (35.34 points), Larsen & Toubro (26.08 points) and Tata Steel (24.85 points).
However, Bharti Airtel contributed fall of 15.2 points in the Sensex. It was followed by Wipro (4.24 points), Hero Honda Motors (3.94 points), Maruti Suzuki India (1.36 points) and Hindustan Unilever (0.56 points).
Major gainers in the 30-share index were Cipla (5.53%), Tata Steel (5.02%), Hindalco Industries (4.46%), Reliance Communications (3.94%), State Bank Of India (3.87%), and Mahindra & Mahindra (3.68%).

On the other hand, Bharti Airtel (2.61%), Hero Honda Motors (1.55%), Wipro (1.30%), Maruti Suzuki India (0.52%), and Hindustan Unilever (0.13%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps outperformed their larger counterparts gaining 2.55% and 3.07% respectively.
The major gainers in the BSE Midcap were A I A Engineering (6.46%), Aban Offshore (5.87%), Ackruti City (3.79%), Alstom Projects India (2.35%) and Allahabad Bank (0.92%).
The major gainers in the BSE Smallcap were Aarti Industries (4.7%), A B G Shipyard (4.47%), Abhishek Industries (4.13%), A B G Infralogistics (2.85%) and INEOS ABS (India) (0.87%).
Sectors in Limelight
The PSU index was at 9,585.81, up by 294.81 points or by 3.17%. The major gainers were Bank Of India(3.58%), Bank Of Maharashtra (3.21%), Andhra Bank (1.39%), Bank Of Baroda (1%) and Allahabad Bank (0.92%).
The Metal index was at 16,121.95, up by 495.84 points or by 3.17%. The major gainers were JSW Steel (6.45%), Hindalco Industries (4.46%), National Aluminium Company (4.04%), Hindustan Zinc (2.82%) and Jindal Steel & Power (2.29%).
The Bankex index was at 14,006.76, up by 387.99 points or by 2.85%. The major gainers were Federal Bank (3.6%), Bank Of India (3.58%), H D F C Bank (3.31%), Canara Bank (1.14%) and Bank Of Baroda (1%).
The Consumer Durables index was at 6,575.62, up by 141.18 points or by 2.19%. The major gainers were Gitanjali Gems (6.37%), Titan Industries (2.8%), Bajaj Electricals (1.94%), Whirlpool Of India (0.93%) and Blue Star (0.91%).
Market Breadth
Market breadth was positive with 2,385 advances against 559 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,858.10 million. It was followed by L I C Housing Finance (Rs. 901.09 million), Jubilant FoodWorks (Rs. 874.70 million) and Tata Steel (Rs. 810.58 million).
The volume chart was led by Cals Refineries with trades of over 238.93 million shares. It was followed by Birla Power Solutions (11.04 million), Sanraa Media (9.20 million) and FCS Software Solutions (7.87 million).