Post by capitalstars Equity tips on Jan 9, 2017 17:40:20 GMT 8
Benchmark indices continued to consolidate in afternoon as investors awaited December quarter earnings that will kick start this week with Infosys, TCS and IndusInd Bank. The 30-share BSE Sensex gained 12.43 points at 26771.66 and the 50-share NSE Nifty rose 4.60 points to 8248.40 while the broader markets continued to outperform.
The BSE Midcap index was up 0.2 percent and Smallcap gained 0.4 percent, respectively. About 1530 shares advanced against 1142 declining shares on the exchange. BEML was the most active stock on bourses after the government decided to divest 26 percent stake in the company to strategic investor/s.
Dr Reddy's Labs retained its top position in the selling list, down more than 3 percent followed by Asian Paints, ONGC, Lupin, M&M and Sun Pharma.
Tata Motors gained 1% to Rs 505, bouncing back 3% from intra-day low on BSE, after the company said Jaguar Land Rover (JLR) reported 12% rise in total retail sales of 55,375 vehicles in December 2016 over the previous year.
Realty index was outperforming, up 1% driven by Prestige, Phoenix, India Bulls Real Estate and DLF while power, oil & gas and pharma were the top sectoral losers on Sensex.
capitalstars
The BSE Midcap index was up 0.2 percent and Smallcap gained 0.4 percent, respectively. About 1530 shares advanced against 1142 declining shares on the exchange. BEML was the most active stock on bourses after the government decided to divest 26 percent stake in the company to strategic investor/s.
Dr Reddy's Labs retained its top position in the selling list, down more than 3 percent followed by Asian Paints, ONGC, Lupin, M&M and Sun Pharma.
Tata Motors gained 1% to Rs 505, bouncing back 3% from intra-day low on BSE, after the company said Jaguar Land Rover (JLR) reported 12% rise in total retail sales of 55,375 vehicles in December 2016 over the previous year.
Realty index was outperforming, up 1% driven by Prestige, Phoenix, India Bulls Real Estate and DLF while power, oil & gas and pharma were the top sectoral losers on Sensex.
capitalstars