Sensex gains over 200 points; TCS, RIL, Axis Bank stock gain

Benchmark indices were perched near their lifetime highs, aided by gains in heavyweights Reliance Industries, Tata Consultancy Services and Oil and Natural Gas Corp.

At 2:24 PM, the BSE Sensex was trading at 35,719, up 208 points, while the broader Nifty50 index was ruling at 10,938, up 43 points.

Among BSE sectoral indices, realty index gained the most by 0.87%, followed by capital goods 0.62%, oil & gas 0.48% and IT 0.47%. On the other hand, metal index fell 0.79%, power 0.27%, PSU 0.2% and FMCG 0.09%.

DCM Shriram shares gained 5% after the company’s consolidated net profit in Q3 FY18 increased sharply by 56% year-on-year to Rs212.9cr.

Shares of information technology companies rose for the fifth straight session on hopes that revival in US technology spending may aid these companies' revenue growth. The Nifty IT index was up 0.6%.

Volatility index India VIX inched up 7.08% at 14.9728.

Indiabulls HF (+7.9%), RIL (+5.3%), Adani Ports (+4.9%), TCS (+3.6%) and ONGC (+3%) were the top gainers on Nifty50.

GAIL (-3.3%), Ambuja (-3.2%), HPCL (-2.3%), UltraTech (-2%) and HDFC (-1.3%) were the top losers in today’s trade.

Out of 1,974stocks traded on the NSE, 898 advanced, 797 declined and 279 remained unchanged today.

A total of 52 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.

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