Markets

News Details

( 12 Jun 2018)
Sensex surges 196 points; Nifty hovers around 10,850

Indian benchmarks continued to trade higher during the noon trading session as investors looked forward to release of key macroeconomic data due today amid a firming global trade.

Optimistic buying in blue-chip stocks ahead of IIP data for April and CPI inflation for May, to be released after market closing today, lifted stocks higher, brokers said.

At 14:25 hours, the 30-share benchmark index was trading at 35680.16 up by 196.69 points or by 0.55 per cent, while the NSE Nifty was at 10844.2 up by 57.25 points or by 0.53 per cent.

In the positive trade so-far, Sensex touched intraday high of 35725.58 and intraday low of 35479.07 The NSE Nifty touched intraday high of 10855.9 and intraday low of 10789.4.

The top gainers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 2186.40,+5.04%), State Bank of India (Rs. 279.80,+2.25%), IndusInd Bank Ltd. (Rs. 1945.75,+2.17%), Hindustan Unilever Ltd. (Rs. 1633.45,+1.97%), Tata Consultancy Services Ltd. (Rs. 1784.00,+1.91%), among others.

The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 381.50,-1.86%), Tata Steel Ltd. (Rs. 578.70,-1.71%), Coal India Ltd. (Rs. 284.55,-1.13%), YES Bank Ltd. (Rs. 332.95,-0.82%), Axis Bank Ltd. (Rs. 537.25,-0.53%), among others.

Among the sectors, HCS index was at 13775.38 up by 282 points or by 2.09%. Panacea Biotec Ltd. (Rs. 274.50,+8.07%), Morepen Laboratories Ltd. (Rs. 30.80,+6.39%), Lupin Ltd. (Rs. 850.95,+5.36%), Dr. Reddy's Laboratories Ltd. (Rs. 2186.40,+5.04%), Granules India Ltd. (Rs. 83.75,+4.95%),.

On the flip side, Metal index was at 13742.51 down by -63.08 points or by -0.46%. Hindalco Industries Ltd. (Rs. 240.50,-1.74%), Tata Steel Ltd. (Rs. 578.70,-1.71%), Coal India Ltd. (Rs. 284.55,-1.13%), Vedanta Ltd. (Rs. 245.50,-0.10%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2833 , shares advanced were 1396 while 1273 shares declined and 164 were unchanged.