Positive trade continues at D-Street; Oil & gas, CDS stocks up

19/01/2017 11:37

Indian equity benchmarks continued to trade in the positive territory during late morning deals on Thursday on sustained buying by investors amid mixed cues from fellow Asian peers.

At 11:15 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,286.65 up by 29.01 points or 0.11 per cent while the NSE Nifty was at 8,425.5 up by 8.5 points or 0.1 per cent.

Moreover, expectations of encouraging December quarter report cards of some blue-chip firms such as Axis Bank, Federal Bank, Lakshmi Vilash Bank and YES Bank to be unveiled later in the day, supported sentiment at D-Street.

Buying momentum was witnessed mainly in the oil & gas and consumer durables sector stocks.

The top gainers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 321.30,+2.42%), Tata Motors Ltd. (Rs. 534.00,+2.07%), Oil And Natural Gas Corporation Ltd. (Rs. 200.35,+1.26%), ITC Ltd. (Rs. 253.00,+0.84%), Adani Ports & Special Economic Zone Ltd. (Rs. 294.20,+0.82%), among others.

Major show spoilers were Axis Bank Ltd. (Rs. 482.40,-1.22%), Cipla Ltd. (Rs. 576.25,-0.92%), Wipro Ltd. (Rs. 477.45,-0.89%), Mahindra & Mahindra Ltd. (Rs. 1208.45,-0.63%), Hero MotoCorp Ltd. (Rs. 3074.80,-0.45%), among others.

The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2435 shares traded, 1280 advanced while 991 shares declined and 164 remained unchanged.

On the global front, Asian markets were trading mixed with China’s Shanghai Composite and Hong Kong’s Hang Seng were down nearly 0.25 per cent and 0.52 per cent respectively while Japan’s Nikkei 225 rose nearly 1.02 per cent.

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