Sensex up over 41 pts; WPI inflation surges in Dec

16/01/2017 13:26

Paring early losses, Indian equity benchmarks continued to trade in the positive territory during the afternoon session on Monday on increased buying by traders mainly in the realty and consumer durables sector stocks despite weak cues from fellow Asian peers.

At 1:01 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,279.38 up by 41.32 points or 0.15 per cent while the NSE Nifty was at 8,411.9 up by 11.55 points or 0.14 per cent.

Wholesale prices surged 3.39 per cent y-o-y in the month of December, their fastest pace in 2 months, as per the government data showed on Monday. In November, prices rose provisionally by 3.15 per cent.

Meanwhile, caution prevailed as Reliance Industries, LIC Housing Finance, Geometric and Dewan Housing Finance Corporation will unveil their December quarter report cards today, restricted gains at D-Street.

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 456.55,+2.27%), Tata Motors Ltd. (Rs. 525.00,+2.01%), Adani Ports & Special Economic Zone Ltd. (Rs. 298.65,+1.70%), State Bank of India (Rs. 253.95,+1.22%), Axis Bank Ltd. (Rs. 478.00,+1.07%), among others.

Major show spoilers were Infosys Ltd. (Rs. 963.00,-1.25%), Oil And Natural Gas Corporation Ltd. (Rs. 198.60,-1.19%), Reliance Industries Ltd. (Rs. 1079.20,-1.00%), GAIL (India) Ltd. (Rs. 449.20,-0.65%), ITC Ltd. (Rs. 247.90,-0.64%), among others.

The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2,781 shares traded, 1,551 advanced while 1,085 shares declined and 145 remained unchanged.

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