Mid-Session: Sensex, Nifty stay on firm footing; CDS, FMCG stocks up

27/12/2016 12:29

The key domestic benchmarks continued to trade higher, holding early gains, in broad-based rally on Tuesday as traders emerged out of the holiday lull to hunt for bargains as the market entered the last trading stretch of the year. The traders also rollover their positions ahead of derivative expiry of December series scheduled on Thursday.

At 12:17 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 25941.71, up by 134.61 points or by 0.52 per cent, and the NSE Nifty was at 7950.75, up by 42.5 points or by 0.54 per cent.

In the day’s trade so far, the BSE Sensex touched intraday high of 25954.81 and intraday low of 25803.19, while the NSE Nifty touched intraday high of 7957.85 and intraday low of 7903.7.

The top gainers of the BSE Sensex pack were ITC Ltd. (Rs. 229.60,+2.02%), Adani Ports & Special Economic Zone Ltd. (Rs. 264.15,+1.85%), Cipla Ltd. (Rs. 563.40,+1.71%), Tata Steel Ltd. (Rs. 385.15,+1.24%), Tata Consultancy Services Ltd. (Rs. 2318.60,+1.16%), among others.

On the flip side, GAIL (India) Ltd. (Rs. 423.10,-1.16%), Hero MotoCorp Ltd. (Rs. 2985.00,-0.65%), Bharti Airtel Ltd. (Rs. 294.80,-0.49%), Housing Development Finance Corporation Ltd. (Rs. 1217.00,-0.42%), Oil And Natural Gas Corporation Ltd. (Rs. 188.95,-0.03%), were among top losers on BSE.

On the sectoral front, all the indices were trading in green, barring realty stocks, with CDS and FMCG stocks emerging as top gainers, adding as much as 1.79 per cent and 1.29 per cent respectively.

The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2494, shares advanced were 1430 while 902 shares declined and 162 were unchanged.

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