 "Sensex up over 100 points; rate-sensitive shares gain")
Benchmark indices are trading higher by nearly 0.4% each after erasing early losses on gains in rate-sensitive stocks along with metal, information technology and bank shares while, losses in select index heavyweights and oil shares have capped the gains at higher levels. Intra-day, the 50-share Nifty touched the mark of 8,400 for the first time since April 24, 2015.
At 12:59PM, the 30-share Sensex was up 111 points at 27,799 and the 50-share Nifty was up 35 points at 8,408.
In the broader market, both the BSE Midcap and Smallcap indices, are trading flat and have underperformed the front-liners. Market breadth in BSE is positive with 1,476 advances against 954 declines.
Five out of the 12 sectoral indices of BSE are trading lower. BSE Healthcare index down 0.3% is the top loser followed by BSE Oil & Gas index, down 0.2%. Gains are marginal for the sectors that are trading higher. BSE Metal, Power and Realty have gained 0.1% each.
IT stocks are gaining in today's session. Infosys and Wipro have gained nearly 2% each while TCS is trading lower by 0.1%.
Capital Goods stocks like L&T and BHEL have gained 1-2% each.
Metal stocks too are trading higher. Vedanta has gained over 3%, Hindalco is up 0.3% and Tata Steel has gained 0.7%. In reply to clarification sought by BSE on news reports about Tata Steel nearing the sale of its UK plant to Swiss Tycoon, the company has said that such news items are speculative in nature.
From the rate-sensitive pack, select auto shares are trading higher. Hero Motocorp has gained nearly 3%, Maruti Suzuki is up 0.8%, M&M and Bajaj Auto are up 0.4% each.
Mortgage lender, HDFC has declined nearly 1% and ONGC is down 1.3%.
At 12:59PM, the 30-share Sensex was up 111 points at 27,799 and the 50-share Nifty was up 35 points at 8,408.
In the broader market, both the BSE Midcap and Smallcap indices, are trading flat and have underperformed the front-liners. Market breadth in BSE is positive with 1,476 advances against 954 declines.
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Five out of the 12 sectoral indices of BSE are trading lower. BSE Healthcare index down 0.3% is the top loser followed by BSE Oil & Gas index, down 0.2%. Gains are marginal for the sectors that are trading higher. BSE Metal, Power and Realty have gained 0.1% each.
IT stocks are gaining in today's session. Infosys and Wipro have gained nearly 2% each while TCS is trading lower by 0.1%.
Capital Goods stocks like L&T and BHEL have gained 1-2% each.
Metal stocks too are trading higher. Vedanta has gained over 3%, Hindalco is up 0.3% and Tata Steel has gained 0.7%. In reply to clarification sought by BSE on news reports about Tata Steel nearing the sale of its UK plant to Swiss Tycoon, the company has said that such news items are speculative in nature.
From the rate-sensitive pack, select auto shares are trading higher. Hero Motocorp has gained nearly 3%, Maruti Suzuki is up 0.8%, M&M and Bajaj Auto are up 0.4% each.
Mortgage lender, HDFC has declined nearly 1% and ONGC is down 1.3%.