Markets

News Details

( 13 Jun 2018)
Mid-Session: Sensex, Nifty hold early gain; TCS up 2%

The Indian equities continued to trade higher in afternoon deals on Wednesday, tracking mixed cues from Asian peers, as investor cheered faster-than-expected growth in factory output. Industrial production surged by 4.9 per cent in April, from the five-month low of 4.4 per cent growth seen in March. Shares of Tata Consultancy Services (TCS) rose 2 per cent after IT major said that its board will consider a proposal for buyback of equity shares of the company, at its meeting to be held on June 15, 2018.

At 12:10 hours, the 30-share benchmark index was trading at 35796.19, up by 103.67 points or by 0.29 per cent, and the NSE Nifty was at 10873.65, up by 30.8 points or by 0.28 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 35877.41 and intraday low of 35715.96, while the NSE Nifty touched intraday high of 10888.9 and intraday low of 10842.65.

In line with the benchmark indices, the broader markets were trading higher, with MidCap and SmlCap indices gaining as much as 0.22 per cent and 0.37 per cent, respectively.

On the sectoral front, healthcare and IT stocks emerged as top gainers on BSE, rising as much as 1.38 per cent and 1.12 per cent, respectively.

The top gainers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 2275.20,+3.88%), Axis Bank Ltd. (Rs. 548.00,+2.09%), Tata Consultancy Services Ltd. (Rs. 1816.45,+1.99%), Sun Pharmaceutical Industries Ltd. (Rs. 549.75,+1.71%), State Bank of India (Rs. 286.70,+1.36%), among others.

On the flip side, Tata Steel Ltd. (Rs. 571.00,-1.52%), Hindustan Unilever Ltd. (Rs. 1624.75,-0.96%), Oil And Natural Gas Corporation Ltd. (Rs. 169.95,-0.82%), Housing Development Finance Corporation Ltd. (Rs. 1834.20,-0.74%), Bharti Airtel Ltd. (Rs. 378.55,-0.66%), were among top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2613, shares advanced were 1398, while 1078 shares declined and 137 were unchanged.