Stock market midday report: Sensex up 86 points, Nifty around 18,250
- Sensex is presently trading at 61236.94 up 86.90 points or 0.14%
- Nifty is presently trading at 18248.25 up 35.90 points or 0.20%
- On the global front, Asian markets were trading mostly lower
Due to purchasing in metal, healthcare, and basic materials sectors, Indian stock markets continued to move in positive territory in the midday session. Buying in frontline companies like Tata Steel, Sun Pharma, and Power Grid aided sentiment, but selling in Wipro, HDFC Bank, and Maruti Suzuki limited market gains.
On the global front, Asian markets were trading mostly lower with KOSPI falling 6.27 points or 0.21% to 2,966.21, Hang Seng decreased 14.26 points or 0.06% to 24,387.91, Shanghai Composite declined 31.76 points or 0.88% to 3,565.67, Jakarta Composite lost 9.35 points or 0.14% to 6,637.72, Nikkei 225 slipped 276.53 points or 0.96% to 28,489.13 and Straits Times was down by 2.74 points or 0.08% to 3,252.24. On the other hand, Taiwan Weighted was up by 61.53 points or 0.33% to 18,436.93.
The broader indices were trading in green with the BSE Midcap index rising 0.24%, while the Small cap index was up by 0.55%. The top gaining sectoral indices on the BSE were Metal up by 3.18%, Healthcare up by 1.28%, Basic Materials up by 1.28%, Capital Goods up by 1.01% and PSU was up by 0.74%, while Realty down by 0.75%, Bankex down by 0.47%, Auto down by 0.26%, Consumer Durables down by 0.19%, Consumer Discretionary was down by 0.04% were the losing indices on BSE.
The Sensex is presently trading at 61236.94, up 86.90 points or 0.14% from a low of 60949.81 and a high of 61348.57. On the index, there were 19 equities that advanced and 11 stocks that declined.
The top gainers on the Sensex were Tata Steel up by 4.83%, Sun Pharma up by 3.72%, Power Grid up by 1.90%, Larsen & Toubro up by 1.31% and Bajaj Finserv was up by 1.23%. On the flip side, Wipro is down by 5.55%, HDFC Bank is down by 1.68%, Maruti Suzuki is down by 1.37%, Kotak Mahindra Bank is down by 0.78% and Axis Bank was down by 0.78% were the top losers.
The Nifty is presently trading at 18248.25, up 35.90 points or 0.20% after trading in a range of 18163.80 and 18272.25. On the index, there were 34 stocks that advanced and 16 stocks that declined.
The top gainers on Nifty were Tata Steel up by 4.83%, Sun Pharma up by 3.71%, Coal India up by 3.70%, JSW Steel up by 3.43% and UPL was up by 2.38%. On the flip side, Wipro is down by 5.74%, HDFC Bank is down by 1.71%, Maruti Suzuki is down by 1.39%, Tata Consumer Products is down by 1.28% and Kotak Mahindra Bank was down by 0.85% were the top losers.