Markets were range bound, failing to live up to early expectations, when the Sensex and Nifty had seen strong buying interest. A positive opening in European markets failed to drive stocks higher in the afternoon session.
At 12.35 p.m., the Sensex traded 67 points or 0.4 per cent higher at 17,758 while the Nifty advanced 16 points to 5,383.
IT stocks continued to outperform other groups of stocks on the back of gains in Infosys. However, the stock traded off the day's high, up 2.2 per cent. Other frontline IT stocks like TCS and Wipro also traded higher.
Infosys saw buying interest after a US court threw out whistleblower Jack Palmer's harassment suit against the company.
30 of the 50 stocks traded higher on the Nifty index. Mortgage major HDFC was the top Nifty gainer, up 2.3 per cent followed by realty firm DLF, which gained 2.3 per cent. Infra lender IDFC and Tata Motors were the other stocks to gain over 2 per cent on the Nifty index.
Maruti Suzuki, India' largest car maker, traded off the day's high, up 0.6 per cent. The company's Manesar plant has opened today after a month of lockout following violent protest by workers.
Among the losers, aluminium maker Hindalco fell the most on the Nifty on news that Odisha's pollution control board had ordered a shutdown of the company's power plant near Hirakud. The stock traded 2.8 per cent lower. Two wheeler major Hero Moto, Tata Steel, refiner BPCL and private lender Axis Bank also traded 1-2 per cent lower.
On the broader BSE 500 index, Reliance Power was among the top traded stocks. It gained 1.5 per cent, bouncing back from the selloff on Friday, when the stock was hammered because of the CAG report on captive coal mines.
The market breadth was even with 50 per cent stocks managing to advance on the broader BSE 500 index.
NDTV PROFIT NEWS
www.marketfutureindia.com
At 12.35 p.m., the Sensex traded 67 points or 0.4 per cent higher at 17,758 while the Nifty advanced 16 points to 5,383.
IT stocks continued to outperform other groups of stocks on the back of gains in Infosys. However, the stock traded off the day's high, up 2.2 per cent. Other frontline IT stocks like TCS and Wipro also traded higher.
Infosys saw buying interest after a US court threw out whistleblower Jack Palmer's harassment suit against the company.
30 of the 50 stocks traded higher on the Nifty index. Mortgage major HDFC was the top Nifty gainer, up 2.3 per cent followed by realty firm DLF, which gained 2.3 per cent. Infra lender IDFC and Tata Motors were the other stocks to gain over 2 per cent on the Nifty index.
Maruti Suzuki, India' largest car maker, traded off the day's high, up 0.6 per cent. The company's Manesar plant has opened today after a month of lockout following violent protest by workers.
Among the losers, aluminium maker Hindalco fell the most on the Nifty on news that Odisha's pollution control board had ordered a shutdown of the company's power plant near Hirakud. The stock traded 2.8 per cent lower. Two wheeler major Hero Moto, Tata Steel, refiner BPCL and private lender Axis Bank also traded 1-2 per cent lower.
On the broader BSE 500 index, Reliance Power was among the top traded stocks. It gained 1.5 per cent, bouncing back from the selloff on Friday, when the stock was hammered because of the CAG report on captive coal mines.
The market breadth was even with 50 per cent stocks managing to advance on the broader BSE 500 index.
NDTV PROFIT NEWS
www.marketfutureindia.com
No comments:
Post a Comment