In early trade, Indian equity indexes maintained their opening gains of over a percent apiece, despite increases in other Asian markets. On the global front, Asian markets were generally trading in green.
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The Hang Seng gained 329.61 points or 1.4% to 23,804.87, the Nikkei 225 gained 203.93 points or 0.73% to 28,025.69, the Taiwan Weighted gained 136.71 points or 0.78% to 17,564.47, the KOSPI gained 58.02 points or 2.04% to 2,897.03, the Straits Times gained 39.16 points or 1.29% to 3,080.45, and the Shanghai Composite gained 3.94 points or 0.11%. The Jakarta Composite, on the other hand, fell 21.10 points, or 0.32%, to 6,512.8.
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The BSE Sensex is now trading at 57553.25, up 488.38 points or 0.86% after ranging between 57365.85 and 57765.47. On the index, there were 22 stocks that advanced and 8 stocks that declined. The wider indexes were trading in a mixed bag; the BSE Midcap index increased 0.12%, while the Small-cap index fell 0.12%.
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The top gaining sectoral indices on the BSE were Auto up by 1.12%, Energy up by 0.98%, IT up by 0.93%, Metal up by 0.84%, and TECK up by 0.84%, while the top losing indices on the BSE were Healthcare down by 0.97%, Utilities down by 0.94%, Power-down by 0.70%, Consumer Durables down by 0.46%, and Realty down by 0.07%.
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The biggest gainers on the Sensex were IndusInd Bank, which rose 4.12%, Maruti Suzuki, which rose 3.01%, Tech Mahindra, which rose 2.39%, HDFC, which rose 2.08%, and Axis Bank, which rose 1.66%. Dr. Reddy’s Lab is down 1.62%, Sun Pharma is down 1.39%, Mahindra & Mahindra is down 1.11%, Titan Company is down 1.02 percent, and Power Grid Corporation is down 0.82%.
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The Nifty is presently trading at 17140.40, up 157.20 points or 0.93% from a low of 17079.75 and a high of 17202.05. On the index, there were 37 stocks that advanced and 12 stocks that declined.
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Indusind Bank gained 4.51%, Maruti Suzuki gained 3.67%, Eicher Motors gained 3.64%, Tech Mahindra gained 2.50%, and Axis Bank gained 2.37% on the Nifty. On the other hand, Dr. Reddy’s Lab is down 1.56%, Sun Pharma is down 1.46%, Indian Oil Corporation is down 1.39%, ONGC is down 1.30%, and Titan Company is down 1.01%.
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