Stock market midday report: Sensex up 226 points, Nifty around 16,180
- Sensex is presently up 226.30 points, or 0.4%, to 54,404.76
- Nifty is presently trading at 16,178.25, up 45.35 points or 0.28%
- All Asian markets were trading in green on Friday
In the mid-day session, firm trading continued over Dalal Street, with both the Sensex and Nifty trading in the green, following encouraging indications from other Asian markets. Traders were upbeat after Reserve Bank of India (RBI) Governor Shaktikanta Das advised state governments to find effective solutions to debt and cash management challenges.
All Asian markets were trading in green with Hang Seng increasing 15.04 points or 0.07% to 21,658.62, Jakarta Composite soared 54.57 points or 0.82% to 6,707.16, Straits Times advanced 4.59 points or 0.15% to 3,133.99, Shanghai Composite gained 5.88 points or 0.17% to 3,370.28, KOSPI rose 26.97 points or 1.16% to 2,361.24, Taiwan Weighted strengthened 124.95 points or 0.87% to 14,461.22 and Nikkei 225 surged 199.86 points or 0.75% to 26,690.39.
The Sensex is presently up 226.30 points, or 0.4%, to 54,404.76, after fluctuating between 54,350.41 and 54,627.14. On the index, there were 18 stocks that advanced and 12 stocks that declined.
The broader indices were trading mixed with the BSE Mid cap index being down by 0.19%, while the Small cap index was up by 0.27%. The top gaining sectoral indices on the BSE were Capital Goods up by 2.12%, Industrials up by 1.01%, Bankex up by 0.50%, Power up by 0.37% and PSU up by 0.31%, while Realty down by 0.65%, Oil & Gas down by 0.30%, Auto down by 0.17%, Consumer Durables down by 0.13% and Metal down by 0.13% were the top losing indices on BSE.
The top gainers on the Sensex were Larsen & Toubro up by 4.50%, NTPC up by 2.21%, Axis Bank up by 1.37%, ICICI Bank up by 1.13% and Mahindra & Mahindra up by 1.03%. On the flip side, Maruti Suzuki down by 1.35%, Indusind Bank down by 1.23%, Tata Steel down by 1.19%, Asian Paints down by 1.11% and Bajaj Finserv down by 0.39% were the top losers.
The Nifty is presently trading at 16,178.25, up 45.35 points or 0.28% after moving in a range of 16,177.40 and 16,275.50. On the index, 29 equities advanced and 21 stocks declined.
The top gainers on Nifty were Larsen & Toubro up by 4.47%, NTPC up by 2.21%, Coal India up by 1.94%, Axis Bank up by 1.41% and Grasim Industries up by 1.23%. On the flip side, HDFC Life Insurance down by 1.60%, Maruti Suzuki down by 1.46%, ONGC down by 1.30%, Tata Steel down by 1.18% and Indusind Bank down by 1.16% were the top losers.