|
The key equity barometers traded with gains in morning trades. Nifty moved in a range of 22983-22637. Nifty IT, Nifty Private Bank and Nifty Auto shares rose, while Nifty PSU Bank and Nifty Media shares fell.
NIFTY eased by 0.44% in last session and slipped 2.15% over last one-week.
At 12:15 IST, the barometer index, the S&P BSE Sensex, soared 1218.16 points or 1.67% to 74,000.05. The Nifty 50 index rose 332.85 points or 1.47% to 22,955.55.
The broader market underperformed the frontline indices. The BSE 150 MidCap Index edged lower by 0.15% and the BSE 250 SmallCap Index posted modest losses of 0.71%.
The market breadth was weak. On the BSE, 2146 shares advanced and 2679 shares retreated. A total of 256 shares were unchanged.
Nifty IT index advanced 2.02% to 30779. The index has moved higher by 2.08% in last one month and retreated 14.32% over last one year. Tech Mahindra, up 3.37%, led the gainers followed by HCL Technologies, adding 2.87% and TCS, edging up 2.69%, respectively. Out of 10 index constituents, 8 are reporting gains today.
Nifty Private Bank index climbed 1.61% to 27605. The index has posted modest gains of 0.36% in last one month and inched down 1.91% over last one year. Bandhan Bank, gaining 3.11%, led the gainers followed by ICICI Bank, inching higher 2.60% and IndusInd Bank, inching higher 1.85%, respectively. Out of 10 index constituents, 9 are reporting gains today.
Nifty PSU Bank index declined 1.28%. The index has edged up 0.11% in last one month and edged higher by 7.52% over last one year. Canara Bank, shedding 5.21%, led the losers followed by Bank of Maha, down 3.34% and Bank of India, losing 2.26%, respectively. Out of 12 index constituents, 9 are reporting loss today.
Asian markets tumbled on Thursday. China’s Shanghai composite is substantially lower by 1.55%, Hong Kong’s Hang Seng is firmly lower by 1.35%. Japan’s Nikkei 225 is significantly lower by 4.90%.
In Europe, German DAX drifted lower 0.27%, UK’s FTSE 100 edged up 0.70% and French CAC posted modest gains of 0.58%.
In Commodities, MCX Gold ticked up 0.93% to trade at Rs 1,45,850 per 10 grams. MCX Crude oil lost 1.46% to trade at Rs 9,090 per barrel.
|