DLF spurted 7.72% to Rs 247.80. The stock topped the gainers in the BSE's 'A' group. HDIL surged 5.8% to Rs 120.30. The stock was second biggest gainer in 'A' group. Both these interest rate sensitive realty stocks rose after the latest data showed that inflation based on wholesale price index (WPI) eased in December 2012. The annual rate of inflation based on the monthly wholesale price index (WPI) declined to 7.18% in December 2012 from 7.24% in November 2012. Build up inflation in the financial year so far was 4.72% compared to a build up of 5.22% in the corresponding period of the previous year, the Ministry of Commerce & Industry said in a statement today, 14 January 2013. Meanwhile, the government revised downward WPI inflation for October 2012 to 7.32% from 7.45% reported on 14 November 2012.
Inflation based on the combined consumer price index for urban and rural India edged up to 10.56% in December 2012 from 9.9% in November 2012, data released by the Central Statistics Office (CSO) today, 14 January 2013, showed. Within the consumer price index, inflation with respect to food and beverages stood at 13.04% in December 2012.
Essar Oil gained 5.7% to Rs 73.25 and was third biggest gainer in 'A' group. The stock rose on bargain hunting. Shares of Essar Oil had declined 5.26% in four trading sessions to settle at Rs 69.30 on Friday, 11 January 2013, from a recent high of Rs 73.15 on 7 January 2013.
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Union Bank of India advanced 5.25% to Rs 271.70 and was the fourth biggest gainer in 'A' group. The stock had underperformed the market over the past one month till 11 January 2013, rising 1% compared with the Sensex's 1.43% rise. The scrip had, however, outperformed the market in past one quarter, jumping 27.51% as against Sensex's 4.57% surge.
Indiabulls Financial Services rose 5.05% to Rs 325.80. It was the fifth biggest gainer in 'A' group. The stock had outperformed the market over the past one month till 11 January 2013, rising 16.71% compared with the Sensex's 1.43% rise. The scrip also outperformed the market in past one quarter, jumping 39.27% as against Sensex's 4.57% surge.
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