Benchmark indices continue to hold on to their gains led by strong buying among index heavyweights like ITC, Tata Motors and bank shares.
30-share Sensex was up 202 points at 28,861 and the 50-share Nifty was up 61 points at 8,761.
Meanwhile, foreign institutional investors were net sellers in equities to the tune of Rs 445 crore while Domestic institutional investors were also net sellers to the tune of Rs 339 crore, as per provisional stock exchange data.
In the currency front, rupee rises to 62.6750/dollar vs 62.78/79 close on media reports of hike in foreign investment debt limit.
NTPC is the top Sensex gainer, up over 5%. Other notables leaders are Tata Steel, BHEL, Tata Motors, ITC, Sesa Sterlite and Maruti Suzuki.
On the losing side, HUL, M&M, Dr Reddy’s Labs, Wipro and Bajaj Auto have slipped nearly 1% each. FMCG major ITC was up almost 2% amid media reports that the company would hike cigarette prices on select brands by 10-25%.
Maruti Suzuki is up over 1.5%. The company said it would be recalling 33,098 vehicles, including its popular models Alto 800 and Alto K10. According to the company’s statement to the stock exchanges, the recall is to inspect and replace the ‘right hand door latch assembly.
Tata Motors has gained over 2% after the industry body SIAM said that the industry likely to see demand revival for passenger and utility vehicle.
Hindalco has rebounded after the sharp fall on Wednesday following a scrutiny over the coal block allocations. The stock is up 1.5%.
Get real time advice for Equity Trading Tips , Stock Cash Premium Tips , Equity Intraday Tips , Stock Cash Intraday , Stock Trading Tips, NSE Stock Market Tips and all market updates. For 2 Days Free Trial, please visit our site http://www.capitalstars.com Call at 0731-6790000, 6669900.
0 comments:
Post a Comment