Sensex up 72 pts; Nifty above 7,950-mark

22/11/2016 14:27

Indian equity benchmarks trimmed early morning gains but continued to trade in the positive territory during the afternoon session on Tuesday led by buying by participants mainly in the metal and auto sector stocks amid firm cues globally on higher oil prices amid optimism over an OPEC deal to cut output next week.

At 2:04 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 25,838.08, up by 72.94 points or 0.28 per cent while the NSE Nifty was at 7,962.45, up by 33.35 points or 0.42 per cent.

Meanwhile, volatility remain high at the domestic bourses as traders roll over their positions ahead of Thursday’s November derivative contract expiry, and amid continued caution over the impact of demonetization in Asia’s third biggest economy, curbing gains at Dalal Street.

The top gainers of the BSE Sensex pack were Hindustan Unilever Ltd. (Rs. 820.55,+2.61%), Hero MotoCorp Ltd. (Rs. 2987.00,+2.01%), Housing Development Finance Corporation Ltd. (Rs. 1246.50,+1.74%), Bajaj Auto Ltd. (Rs. 2570.45,+1.70%), Maruti Suzuki India Ltd. (Rs. 4869.05,+1.69%), among others.

Major show spoilers were Larsen & Toubro Ltd. (Rs. 1324.00,-1.80%), State Bank of India (Rs. 253.60,-1.61%), Axis Bank Ltd. (Rs. 460.30,-1.19%), NTPC Ltd. (Rs. 153.25,-1.07%), GAIL (India) Ltd. (Rs. 415.75,-1.05%), among others.

The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2,706 shares traded, 1,161 advanced while 1,362 shares declined and 183 remained unchanged.

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