Sensex trades higher; up over 450 points

Sensex trades higher; up over 450 points

15/02/2016 10:36

The Indian benchmark was trading in green in the morning session of day’s trade as a result of rise in metal stocks led by NMDC followed by Vedanta, Tata Steel, Jindal Steel & Power and Hindalco Industries. Shares of Ceat were up on the Bombay Stock Exchange after the company reported 27 per cent growth in consolidated net profit at Rs 113 crore for the quarter ended December 31, 2015 compared with Rs 89 crore in the same quarter last fiscal on the back of lower finance costs. Finance costs for the quarter under review decreased 39 per cent to Rs 19 crore compared with Rs 31 crore in the quarter ended December 31, 2014.

At 10:28AM BSE SENSEX was at 23446.77, up by 460.65 points or by 2 per cent while the NSE Nifty was at 7126.75, up by 145.8 points or by 2.09 per cent.

The BSE MIDCAP was at 9884.82, up by 269.58 points or by 2.8 per cent while the BSE SMLCAP was at 9994.33, up by 311.78 points or by 3.22 per cent.

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 237.85,+9.18 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 191.00,+6.88 per cent), State Bank of India (Rs. 163.00,+5.20 per cent), Larsen & Toubro Ltd. (Rs. 1098.45,+4.25 per cent), Lupin Ltd. (Rs. 1817.15,+3.78 per cent), among others.

The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 321.55,-1.14 per cent), among others.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of total 2142 shares traded, 1713 shares advanced, 372 shares declined while 57 were unchanged.

Among the sectoral indices on BSE, BSE Metal index was at 6686.13, up by 353.7 points or by 5.59 per cent led by NMDC Ltd. (Rs. 87.65,+11.37 per cent), Vedanta Ltd. (Rs. 69.20,+9.32 per cent), Tata Steel Ltd. (Rs. 237.85,+9.18 per cent), Jindal Steel & Power Ltd. (Rs. 60.00,+8.21 per cent), Hindalco Industries Ltd. (Rs. 64.60,+5.90 per cent).

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