Sensex sheds gain: HDFC twins dominate , ICICI Bank contributes most to the Index gains

The Budget event so far is tilting towards bulls in a big way with Sensex recording gains of more than 900 points on an intraday basis.  

ICICI Bank is seen as the biggest contributor to the index gains. It has contributed more than 200 points to the index gains while HDFC has contributed nearly 167 points and HDFC Bank by nearly 115 points. Between HDFC and HDFC Bank, the contribution is close to 280 points, which is approximately 30 per cent of the total index gains.  

RIL with 77 points’ contribution and Infosys with a contribution of 74 points are amongst the top contributors to the index gains. TCS and Dr Reddy’s have been dragged on a bull day.   

The Budget so far is seen to be positive for the auto sector, insurance companies and infra companies.