Stock market midday report: Sensex up 570 points, Nifty around 16,750
- Sensex is now trading at 56388.50, up 570.39 points or 1.02%
- Nifty is presently trading at 16,754.95, up 126.95 points or 0.76%
- Asian markets were trading in green on Friday
Following increases in IT, Tech, and Energy companies, Indian stock markets maintained their upward trend in the midday session. Blue-chip companies like Reliance Industries, Infosys, and Wipro saw healthy purchasing.
Asian markets were trading in green with KOSPI being up 10.92 points or 0.41% to 2,669.91, Straits Times was up 3.07 points or 0.1% to 3,229.79, Jakarta Composite was up 62.78 points or 0.88% to 7,211.50, and Nikkei 225 was up 347.69 points or 1.27% to 27,761.57.
The Sensex is now trading at 56388.50, up 570.39 points or 1.02% after moving in the range of 56,200.68 and 56,432.65. On the index, there were 19 stocks that advanced, 10 stocks that declined, and 1 stock that stayed constant.
The broader indices were trading mixed with the BSE Mid cap index losing 0.15%, while the Small cap index was up by 0.18%. The top gaining sectoral indices on the BSE were IT up by 1.87%, TECK up by 1.55%, Energy up by 1.12%, Oil & Gas up by 0.68% and Capital Goods was up by 0.68%, while Power down by 1.64%, Utilities down by 1.54%, Basic Materials down by 0.96%, Auto down by 0.57% and Telecom was down by 0.31% were the top losing indices on BSE.
The top gainers on the Sensex were Reliance Industries up by 3.25%, Infosys up by 2.55%, Wipro up by 2.30%, HCL Tech up by 1.97% and Larsen & Toubro was up by 1.80%. On the flip side, Ultratech Cement was down by 3.95%, NTPC down by 2.04%, Bharti Airtel down by 0.90%, Mahindra & Mahindra down by 0.88% and Maruti Suzuki was down by 0.85% were the top losers.
The Nifty is presently trading at 16,754.95, up 126.95 points or 0.76% after moving in a range of 16,710.15 and 16,793.85. On the index, there were 25 stocks that advanced and 25 stocks that declined.
The top gainers on Nifty were Reliance Industries up by 3.22%, Infosys up by 2.58%, Wipro up by 2.31%, HCL Tech up by 1.99% and Larsen & Toubro was up by 1.92%. On the flip side, Grasim Industries down by 5.62%, Ultratech Cement was down by 4.01%, Shree Cement down by 3.83%, NTPC was down by 2.20% and Apollo Hospital was down by 1.90% were the top losers.