Key benchmark indices turned range bound in mid-morning trade. At 11:16 IST, the barometer index, the S&P BSE Sensex, was up 123.46 points or 0.42% at 29,488.76. The Nifty 50 index was currently up 42.20 points or 0.46% at 9,161.60.
Among secondary barometers, the BSE Mid-Cap index was currently up 0.43%. The BSE Small-Cap index was currently up 0.80%. Both these indices outperformed the Sensex.
The market breadth, indicating the overall health of the market, was strong. On BSE, 1,539 shares rose and 987 shares fell. A total of 123 shares were unchanged.
IndusInd Bank was up 0.02% at Rs 1,435. The bank announced during trading hours today, 24 April 2017, that it inaugurated a new branch in Bhinder - expands presence across Rajasthan. IndusInd Bank recently inaugurated its first branch in Bhinder, known for its silver and cloth market. The branch is located at ground floor, Plot No. 04, outside Rampole Darwaja, Station Road, Bhinder, Udaipur, Rajasthan - 313603. With the inauguration of this branch, the bank now has 94 branches in the state of Rajasthan.
Realty shares were in demand. Indiabulls Real Estate (up 9.80%), DLF (up 5.25%), Housing Development and Infrastructure (HDIL) (up 4.58%), D B Realty (up 4.34%), Sunteck Realty (up 3.77%), Godrej Properties (up 3.14%), Oberoi Realty (up 2.52%), Peninsula Land (up 2.22%), Parsvnath Developers (up 1.69%), Prestige Estates Projects (up 1.40%), Sobha (up 1.37%), Phoenix Mills (up 0.74%), Omaxe (up 0.66%), Anant Raj (up 0.23%) and Unitech (up 0.17%), edged higher. Mahindra Lifespace Developers was down 1.59%.
Most auto shares edged higher. Ashok Leyland (up 1.58%), Tata Motors (up 0.83%), TVS Motor Company (up 0.49%), Eicher Motors (up 0.36%), Mahindra & Mahindra (up 0.35%), Maruti Suzuki India (up 0.14%) and Bajaj Auto (up 0.04%), edged higher. Hero MotoCorp (down 0.4%) and Escorts (down 0.54%), edged lower.
Tinplate Company of India rose 4.07% to Rs 92 after net profit surged 74.6% to Rs 11.02 crore on 58.9% rise in net sales to Rs 259.26 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 21 April 2017.
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Overseas, Asian shares were were mixed as tension on the Korean peninsula weighed on sentiment. North Korea reportedly arrested an American citizen in Pyongyang. The hermit state also indicated that it was prepared to sink a US aircraft carrier to showcase its military prowess.
US markets ended Friday's session lower ahead of the French vote, with the Dow Jones Industrial Average shedding 0.15% and the S&P 500 Index losing 0.30%.
A snap Ipsos survey late on Sunday, 23 April 2017, indicated that the pro-growth centrist Macron would win by 62% to 38% for Le Pen, who wants to take France out of the euro and clamp down on immigration. The two candidates will now face off in a 7 May 2017 runoff.
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