Stock market midday report: Sensex up 293 points, Nifty around 16,270
- Sensex is presently trading at 54,545.99, up 293.46 points or 0.54%
- Nifty is presently trading at 16,267.00, up 96.85 points or 0.60%
- Asian markets were trading mostly higher on Friday
In the midday session, Indian stock markets continued to trade in positive territory, with the Sensex and Nifty trading over 54,500 and 16,250, respectively.
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Asian markets were trading mostly higher with Hang Seng increasing 407.44 points or 2.03% to 20,523.64, Taiwan Weighted strengthened 297.39 points or 1.86% to 16,266.22, KOSPI rose 25.60 points or 0.98% to 2,638.05, Straits Times advanced 11.19 points or 0.35% to 3,220.37, Nikkei 225 surged 176.84 points or 0.66% to 26,781.68 and Jakarta Composite was up by 112.60 points or 1.64% to 6,996.10. On the other side, Shanghai Composite was down by 3.84 points or 0.12% to 3,119.27.
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The Sensex is presently trading at 54,545.99, up 293.46 points or 0.54% from a low of 54,449.34 and a high of 54,791.78. On the index, there were 19 equities that advanced and 11 stocks that declined.
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The broader indices were trading in green with the BSE Midcap index rising 0.95%, while the Small cap index was up by 0.79%. The top gaining sectoral indices on the BSE were IT up by 1.46%, TECK up by 1.09%, Bankex up by 0.99%, Industrials up by 0.74% and Capital Goods was up by 0.66%, while Oil & Gas down by 1.67%, Energy down by 1.37%, Metal down by 1.04%, PSU down by 0.86%, Consumer Durables down by 0.27% were the losing indices on BSE.
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The top gainers on the Sensex were Tech Mahindra up by 3.32%, Bajaj Finance up by 2.92%, Indusind Bank up by 2.44%, Bajaj Finserv up by 2.35% and Kotak Mahindra Bank was up by 1.75%. On the flip side, Tata Steel was down by 1.49%, Asian Paints down by 1.41%, NTPC down by 1.39%, Reliance Industries down by 1.14% and Power Grid was down by 0.90% were the top losers.
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The Nifty is presently trading at 16,267.00, up 96.85 points or 0.60% after moving in a range of 16,221.95 and 16,329.35. The index showed 35 equities gaining and 15 stocks dropping.
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The top gainers on Nifty were Tech Mahindra up by 3.63%, HDFC Life Insurance up by 3.34%, Apollo Hospital up by 3.13%, Bajaj Finance up by 2.99% and Indusind Bank was up by 2.55%. On the flip side, ONGC down by 6.71%, JSW Steel down by 1.58%, Tata Steel down by 1.25%, Asian Paints down by 1.16% and BPCL down by 1.11% were the top losers.
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