Stock market midday report: Sensex up 16 points, Nifty around 15,780
- Sensex is presently trading at 52,863.38, up 16.68 points or 0.03%
- Nifty is presently trading at 15,781.80, up 7.40 points or 0.05%
- Asian markets were trading mostly in red on Tuesday
Domestic equity indexes trimmed their gains and were trading slightly higher in the mid-day session after wholesale-based inflation came in at 15.88% in May, up from 15.08% in April. For the fourteenth month in a row, the figure has stayed in the double digits.
Asian markets were trading mostly in red with Taiwan Weighted dropping 23.61 points or 0.15% to 16,047.37, KOSPI fell 11.54 points or 0.46% to 2,492.97, Straits Times trembled 20.58 points or 0.66% to 3,118.77 nad Nikkei 225 slipped 357.58 points or 1.32% to 26,629.86, On the flip side, Hang Seng rose 63.45 points or 0.30% to 21131.03, Shanghai Composite gained 6.47 points or 0.20% to 3,262.02 and Jakarta Composite was up by 14.74 points or 0.21% to 7,010.18.
The Sensex is presently trading at 52,863.38, up 16.68 points or 0.03% after moving in a range of 52,459.48 and 53,095.32. On the index, there were 21 stocks that advanced and 9 stocks that declined.
The broader indices were trading in green with the BSE Mid cap index was up by 0.38%, while the Small cap index was up by 0.25%. The gaining sectoral indices on the BSE were Utilities up by 1.09%, Realty up by 1.08%, Power up by 1.06%, Industrials up by 0.95%, Capital Goods up by 0.73% while, Energy down by 0.76%, Oil & Gas down by 0.68% were the losing indices on BSE.
The top gainers on the Sensex were NTPC up by 1.91%, Mahindra & Mahindra up by 1.50%, Bharti Airtel up by 1.36%, Ultratech Cement up by 1.32% and Power Grid Corp up by 1.19%. On the flip side, Tech Mahindra was down by 1.53%, Reliance Industries down by 1.31%, Asian Paints down by 1.17%, Indusind Bank down by 1.09% and Maruti Suzuki down by 0.69% were the top losers.
The Nifty is presently trading at 15,781.80, up 7.40 points or 0.05% after moving in a range of 15,659.45 and 15,858.00. On the index, 30 equities advanced and 20 stocks declined.
The top gainers on Nifty were Adani Ports &Special up by 2.88%, NTPC up by 1.88%, Apollo Hospital Ent. up by 1.76%, Mahindra & Mahindra up by 1.56% and Eicher Motors up by 1.53%. On the flip side, Tech Mahindra down by 1.54%, HDFC Life Insurance down by 1.43%, Reliance Industries down by 1.30%, ONGC down by 1.28% and Indusind Bank down by 1.26% were the top losers.