Sensex up 100 points; Nifty nears 8750

28/09/2016 14:19

The key domestic benchmark indices continued to trade in green during the late noon trading session on account of buying in frontline blue chip counters. The sentiments remained optimistic after India moved up 16 positions to rank 39th on a global index of the world’s most competitive economies.

At 14:18 hours, the 30-share benchmark index was trading at 28328.34 up by 104.64 points or by 0.37 per cent, while the NSE Nifty was at 8746.15 up by 39.75 points or by 0.46 per cent.

In the rangebound trade so-far, Sensex touched an intraday high of 28351 and an intraday low of 28198.3, while the NSE Nifty touched an intraday high of 8755.8 and an intraday low of 8703.15.

The top gainers of the BSE Sensex pack were State Bank of India (Rs. 254.60,+2.27%), Tata Steel Ltd. (Rs. 375.60,+2.11%), Tata Motors Ltd. (Rs. 542.75,+2.03%), Adani Ports & Special Economic Zone Ltd. (Rs. 269.60,+1.93%), Bharti Airtel Ltd. (Rs. 319.30,+1.69%), among others.

The top losers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1089.80,-1.86%), Hindustan Unilever Ltd. (Rs. 887.15,-0.98%), Coal India Ltd. (Rs. 329.80,-0.66%), Sun Pharmaceutical Industries Ltd. (Rs. 766.20,-0.56%), Cipla Ltd. (Rs. 604.80,-0.44%), among others.

Among the sectors, BSE Realty index was at 1565.3 up by 22.6 points or by 1.46%. Indiabulls Real Estate Ltd. (Rs. 92.80,+4.74%), Housing Development & Infrastructure Ltd. (Rs. 84.75,+2.67%), Unitech Ltd. (Rs. 6.09,+2.53%), Mahindra Lifespace Developers Ltd. (Rs. 443.05,+2.51%), D B Realty Ltd. (Rs. 47.30,+1.72%),.

On the flip side, In BSE, BSE_IT index was at 10304.62 down by -6.45 points or by -0.06%. Lycos Internet Ltd. (Rs. 8.22,-3.86%), MphasiS Ltd. (Rs. 526.45,-2.30%), Smartlink Network Systems Ltd. (Rs. 88.50,-1.45%), Mahindra & Mahindra Ltd. (Rs. 441.75,-1.38%), Zen Technologies Ltd. (Rs. 81.30,-1.33%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2854 , shares advanced were 1704 while 938 shares declined and 212 were unchanged.

On the global front, Asian peers ended the day on a mixed note, while European counters were trading firm.

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