Thursday, the Indian market is trading firm on the last day of the June F&O series settlement, shrugging off concerns about a below normal monsoon for the first time in four years.
Helped by favorable global cues, the BSE Sensex opened higher at 14,476 and rose to a high of 14,578 in early trading. Since then, the index has pared some of its gains and is now trading at 14,507, up 98 points or 0.68%, while the S&P CNX Nifty is trading at 4,305, up a modest 0.27%.
On the BSE, the small-cap and the mid-cap indexes are trading up over 1% each and the market breadth is positive, with 1245 advancers compared to 379 stocks that are declining.
Among the top gainers, Jaiprakash Associates is rising 3.05%, DLF, ICICI Bank, Sterlite, TCS and RCOM are up over 2% each, Grasim and Hindalco are up around 1.80% each and Bharti Airtel is up 1.40%. Tata Power, HDFC, Larsen & Toubro, Ranbaxy, HDFC Bank and Infosys are the other prominent gainers.
On the other hand, Tata Steel, ONGC, NTPC, Hindustan Unilever, Mahindra & Mahindra, Tata Motors, Maruti Suzuki and SBI are trading in the red. Sector-wise, realty, IT and capital good stocks are leading the gainers, while defensive FMCG and oil/gas stocks are trading modestly lower.
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Helped by favorable global cues, the BSE Sensex opened higher at 14,476 and rose to a high of 14,578 in early trading. Since then, the index has pared some of its gains and is now trading at 14,507, up 98 points or 0.68%, while the S&P CNX Nifty is trading at 4,305, up a modest 0.27%.
On the BSE, the small-cap and the mid-cap indexes are trading up over 1% each and the market breadth is positive, with 1245 advancers compared to 379 stocks that are declining.
Among the top gainers, Jaiprakash Associates is rising 3.05%, DLF, ICICI Bank, Sterlite, TCS and RCOM are up over 2% each, Grasim and Hindalco are up around 1.80% each and Bharti Airtel is up 1.40%. Tata Power, HDFC, Larsen & Toubro, Ranbaxy, HDFC Bank and Infosys are the other prominent gainers.
On the other hand, Tata Steel, ONGC, NTPC, Hindustan Unilever, Mahindra & Mahindra, Tata Motors, Maruti Suzuki and SBI are trading in the red. Sector-wise, realty, IT and capital good stocks are leading the gainers, while defensive FMCG and oil/gas stocks are trading modestly lower.
News Source : Click For Read Full News
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