Sensex rallies over 100 points; Auto, Realty Index gain


Stock Market Up

Equity benchmark was trading higher, on the back of positive global cues and BJP's win in Gujarat and Himachal Pradesh state elections.

At 12:11 PM, the BSE Sensex was trading at 33,712, up 111 points, while the Nifty50 was ruling at 10,422, up 34 points.

All BSE sectoral indices were trading in the positive zone. Among them, consumer durables index gained the most by 1.45%, followed by auto 1.39%, metal 1.02% and infrastructure 0.86%.

Kridhan Infra stock gained 14% on the back of multiple block deals.

Share price of Confidence Petroleum surged 3% as it has commissioned two new auto LPG dispensing stations in Tamil Nadu.

KEC International has secured new orders of Rs2,424cr across all its business units. The stock was up 4%.

Suzlon Energy stock advanced 2% as it has received 252 MW wind power projects from a leading global utility.

Bharti Airtel stock is trading marginally higher after the company said that it has signed an agreement with Millicom International Cellular S.A. to acquire 100% stake in its Rwanda operation, which operates under the brand name of Tigo Rwanda.

Shares of Dr. Reddy’s Lab gained 1% on the back of settlement with the the US government.

The BSE Midcap Index gained 1.01% and the BSE Smallcap Index was up 1.21%.

Hero MotoCorp (+3%), Eicher (3.1%), UPL (+2.8%), Bajaj Auto (+1.8%) and Tata Motors (+1.7%) were the top gainers on the Nifty50.

HCL Tech (-1.69%), Wipro (-0.71%), Infosys (-0.65%), IndusInd Bank (-0.60%) and Kotak Mahindra Bank (-0.57%) were the top losers in today’s trade.

India VIX dropped 4.40%.

Out of 1,988 stocks traded on the NSE, 1,310 advanced, 337 declined and 341 remained unchanged today.

A total of 76 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.




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