Stock market midday report: Sensex up 244 points, Nifty around 15,871
- Sensex is presently trading at 53,378.29, up by 243.94 points or 0.46%
- Nifty is now trading at 15,871.65, up by 60.80 points or 0.38%
- Asian markets were trading in red on Wednesday
In the midday session, Indian equity benchmarks were holding significant gains with both Sensex and Nifty trading in green terrain, despite negative cues from other Asian markets. Domestic sentiment remained optimistic, amid a private report stating that Centre’s production-linked incentive (PLI) scheme had potential add nearly 4 per cent to GDP in terms of incremental revenues.
Asian markets were trading in red with Nikkei 225 falling 282.21 points or 1.07% to 26,141.26, Hang Seng decreased 298.75 points or 1.37% to 21,554.32, Jakarta Composite lost 73.43 points or 1.1% to 6,629.84, Taiwan Weighted dropped 236.72 points or 1.65% to 14,112.48, KOSPI fell 29.21 points or 1.25% to 2,312.57, Shanghai Composite declined 45.50 points or 1.34% to 3,358.53 and Straits Times trembled 3.54 points or 0.11% to 3,100.57.
The BSE Sensex is presently trading at 53,378.29, up by 243.94 points or 0.46% after trading in a range of 53,143.28 and 53,584.24. On the index, there were 23 stocks that advanced and 7 stocks that declined.
The broader indices were trading in green with the BSE Mid cap index up by 0.71%, while Small cap index was up by 0.24%. On the sectoral front, Auto was up by 1.85%, Consumer discretionary up by 1.33%, FMCG up by 1.28%, Bankex up by 1.02% and Realty was up by 0.91%, while Metal down by 2.23%, Utilities down by 0.88%, Energy down by 0.82%, PSU down by 0.63% and Oil & Gas down by 0.48% were the top losing indices on BSE.
The top gainers on the Sensex were Bajaj Finance up by 3.03%, Hindustan Unilever up by 2.68%, Asian Paints up by 2.09%, Maruti Suzuki up by 2.01% and Mahindra & Mahindra up by 1.76%. On the flip side, NTPC down by 2.70%, Power Grid down by 2.22%, Tata Steel down by 2.03%, Reliance Industries down by 1.27% and Sun Pharma down by 0.42% were the top losers.
The NSE Nifty is now trading at 15,871.65, up by 60.80 points or 0.38% after trading in a range of 15,800.90 and 15,927.15. On the index, there were 37 stocks that advanced and 13 stocks that declined.
The top gainers on Nifty were Bajaj Finance up by 3.04%, Britannia up by 2.97%, Hindustan Unilever up by 2.65%, Hero MotoCorp up by 2.64% and Eicher Motors up by 2.46%. On the flip side, ONGC down by 5.61%, Hindalco down by 3.95%, NTPC down by 2.73%, Power Grid down by 2.26% and Tata Steel down by 2.06% were the top losers.