Sensex, Nifty hold early gain; oil&gas, bank stocks support
12/07/2018 10:33
Indian benchmarks continued to trade higher in late morning deals on Thursday, undermining soft cues from Asian peers, led by gains in oil&gas, PSU and financial stocks. In line with benchmark indices, the broader markets were trading higher, with MidCap and SmlCap indices gaining as much as 0.78 per cent and 0.71 per cent, respectively. Shares of HCL Technologies rose 2 per cent ahead of its board meeting today to consider share buyback proposal.

At 10:15 hours, the 30-share benchmark index was trading at 36525.87, up by 259.94 points or by 0.72 per cent, and the NSE Nifty was at 11034.05, up by 85.75 points or by 0.78 per cent.

The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1059.50,+2.23%), YES Bank Ltd. (Rs. 378.05,+1.80%), State Bank of India (Rs. 263.30,+1.70%), ICICI Bank Ltd. (Rs. 272.95,+1.53%), Axis Bank Ltd. (Rs. 543.95,+1.37%), among others.

On the flip side, Infosys Ltd. (Rs. 1300.00,-1.54%), Mahindra & Mahindra Ltd. (Rs. 919.70,-1.17%), Wipro Ltd. (Rs. 270.25,-0.95%), Tata Motors Ltd. (Rs. 153.60,-0.84%), Vedanta Ltd. (Rs. 216.40,-0.73%), were among top losers on BSE.

On the sectoral front, oil&gas and bankex stocks were among top gainers on BSE, rising as much as 1.78 per cent and 1.33 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2006, shares advanced were 1335, while 566 shares declined and 105 were unchanged.