Equity benchmarks Sensex and Nifty were buoyant during afternoon’s trade. They were mimicking European stocks, which were especially upbeat. The Euro also jumped after its leaders agreed on a migration deal. Meanwhile, as many as seven BSE indices showed a gain of over 2%, which included capital goods, consumer durables, metal and oil & gas.
As media reports suggested that the government is reconsidering its plan to split GAIL’s marketing and pipeline operations, the PSU’s stock surged by over 5% on the NSE.
At 2:03 PM, the BSE Sensex was trading at 35,373 up 336 points, while NSE Nifty was trading at 10,695 up 106 points.
BSE Mid-cap Index was trading up 1.37% at 15,383, while BSE Small-cap Index was trading up 1.49% at 15,964.
GAIL (+5.09%), Hindalco (+3.78%), Titan (+3.58%), Yes Bank (+3.25%), and ONGC (+3.09%) were the top gainers on NSE.
Dr Reddy’s (-2.33%), IndusInd Bank (-1.57%), M&M (-1.28%), Hindustan Petroleum (-1.21%), and Hero Motocorp (-0.93%) were the top losers on NSE.
Some buying activity was seen in auto, banking, capital goods, consumer durables, metal and oil & gas, with no sectoral indices showing weakness on the BSE.
The India VIX was down 6.79% at 13.0000.
Out of 2,063 stocks traded on the NSE, 418 declined, 1,295 advanced and 350 remained unchanged on Friday.
A total of eight stocks registered a fresh 52-week high in trade, while 159 stocks touched a new 52-week low on the NSE.
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