Stock market midday report: Sensex gains 205 points, Nifty up 62 points
The Sensex is now trading at 55,602.58, up 205.05 points or 0.37%
The Nifty is presently trading at 16,583.80, up 62.95 points or 0.38%
Asian markets were trading mostly in the red on Thursday
Indian equity indices maintained their gains in the mid-day session, despite bearish indications from other Asian markets. Heavy purchasing in telecom and capital goods helped key indices hold their gains.
Asian markets were trading mostly in the red with Shanghai Composite declining 13.92 points or 0.42% to 3,290.80, Straits Times trembled 22.61 points or 0.71% to 3,147.68, Jakarta Composite lost 54.09 points or 0.79% to 6,820.65 and Hang Seng decreased 285.39 points or 1.37% to 20,604.83. On the flip side, Taiwan Weighted strengthened 136.23 points or 0.92% to 14,869.45, Nikkei 225 surged 41.83 points or 0.15% to 27,722.09 and KOSPI rose 17.72 points or 0.74% to 2,404.57.
The Sensex is now trading at 55602.58, up 205.05 points or 0.37% after moving in a range of 55,270.75 and 55,626.45. On the index, 26 stocks advanced and 4 stocks declined.
The broader indices were trading in green with the BSE Midcap index up by 0.98%, while the Small cap index was up by 0.73%. The top gaining sectoral indices on the BSE were Telecom up by 2.16%, Capital Goods up by 1.28%, Industrials up by 1.03%, Realty up by 0.85% and Basic Materials up by 0.84%, while Consumer Durables down by 0.14% was the only losing index on BSE.
The Nifty is presently trading at 16,583.80, up 62.95 points or 0.38% after moving in a range of 16,483.90 and 16,592.10. On the index, 44 equities advanced while only six declined.
The top gainers on Nifty were Indusind Bank up by 7.02%, UPL up by 2.46%, Hindalco up by 2.23%, Adani Ports & SEZ up by 1.61% and Tata Consumer Products up by 1.19%. On the flip side, Tech Mahindra is down by 1.17%, SBI Life Insurance is down by 0.96%, Reliance Industries is down by 0.83%, Kotak Mahindra Bank is down by 0.77% and ONGC is down by 0.08% were the top losers.