Healthy Q2 results’ expectation lift equities; Nifty50 breaches 18K-mark
In terms of sectors, Media, Realty, PSE, Energy and Auto gained the most.
In terms of sectors, Media, Realty, PSE, Energy and Auto gained the most.
The domestic market declined in line with the Asian stocks over concerns of rising cases of Delta variant of Covid-19 and its impact on the global economy.
The top gainers on the Sensex were UltraTech Cement, HDFC Bank, and Bajaj Finance, while the only losers were ICICI Bank, Titan Company, Kotak Mahindra Bank, and ITC.
The Indian stock market rose in line with the Asian indices. Healthy buying was witnessed in metal, finance and banking stocks.
Trading at the Nifty50 was halted at 11:40 a.m. and resumed only at 3:30 p.m. after a glitch resulted in stopping of rate updates.
The 'India Strategy Report' noted that in the first leg of the up move from 7,600 to 10,000, Reliance Industries, along with pharma and auto stocks, led the gains.
Around 9.50 a.m., it was trading at 50,062.58, higher by 270.46 points or 0.54 per cent from its previous close of 49,792.12.
The report said that Nifty50 on the National Stock Exchange (NSE) continues to add consumer names.
Healthy buying was witnessed in the banking and finance stocks. A positive trend in the Asian markets also supported the domestic indices.
Shares of Divi's Laboratories also rose by 4.56 per cent to its one-year high of Rs 3,335 on the NSE.
