Midday report: Sensex gains 360 points, Nifty up 115 points
- Sensex is trading at 57,929.99, up by 359.74 points or 0.62%
- Nifty is trading at 17,273.10, up by 114.85 points or 0.67%
- Asian markets were trading mostly in green on Monday
Indian equity benchmarks continued their gaining streak in the late morning session on Monday, with both Sensex and Nifty holding strong gains aided by a rally in auto and industrial stocks. Domestic sentiments remained optimistic, as India's manufacturing sector activity gained momentum in July, hitting an eight-month high driven by a significant uptick in business orders.
The Sensex is trading at 57,929.99, up by 359.74 points or 0.62% after trading in a range of 57,540.36 and 57,977.27. On the index, 19 stocks advanced and 11 stocks declined.
The broader indices were trading in green with the BSE Midcap index up by 0.87%, while the Small cap index was up by 1.13%. The top gaining sectoral indices on the BSE were Auto up by 2.66%, Industrials up by 1.51%, Telecom up by 1.29%, Consumer discretionary up by 1.26%, and Power up by 1.24%, while Realty down by 0.30% and Healthcare down by 0.16% were the only losing indices on BSE.
The top gainers on the Sensex were Mahindra & Mahindra up by 6.90%, Maruti Suzuki up by 2.16%, Reliance Industries up by 2.07%, Bharti Airtel up by 1.53%, and Power Grid up by 1.47%. On the flip side, Sun Pharma down by 3.18%, Hindustan Unilever down by 1.44%, IndusInd Bank down by 1.09%, HDFC down by 0.51% and Larsen & Toubro down by 0.43% were the top losers.
The Nifty is trading at 17,273.10, up by 114.85 points or 0.67% after trading in a range of 17,154.80 and 17,286.95. On the index, 34 stocks advanced and 16 stocks declined.
The top gainers on Nifty were Mahindra & Mahindra up by 6.90%, Adani Ports & SEZ up by 4.27%, Tata Motors up by 4.15%, Cipla up by 2.46% and Hindalco up by 2.34%. On the flip side, Sun Pharma down by 3.12%, HDFC Life Insurance down by 1.57%, Hindustan Unilever down by 1.56%, IndusInd Bank down by 1.24% and Tata Consumer Products down by 1.07% were the top losers.
Asian markets were trading mostly in green with Nikkei 225 surging 146.25 points or 0.53% to 27,947.89, Straits Times advanced 28.58 points or 0.89% to 3,240.14, Jakarta Composite soared 19.76 points or 0.28% to 6,970.88, Shanghai Composite gained 5.22 points or 0.16% to 3,258.46 and KOSPI rose 0.39 points or 0.02% to 2,451.89. On the flip side, Taiwan Weighted dropped 47.49 points or 0.32% to 14,952.58 and Hang Seng decreased by 65.40 points or 0.32% to 20,091.11.