A bout of volatility was seen as the key benchmark indices were trading on a flat note after alternately moving above and below the flat line in morning trade. At 10:21 IST, the barometer index, the S&P BSE Sensex, was up 10.80 points or 0.03% at 33,951.10. The Nifty 50 index was up 0.55 points or 0.01% at 10,493.55. Realty stocks gained. Shares of telecom and telecom tower infrastructure providers saw mixed trend.
Domestic stocks edged higher in early trade as trading resumed after a long weekend. The Sensex scaled record high above the psychological 34,000 mark at onset of the day's trading session. The Nifty also hit record high above the 10,500 mark in early trade.
Among secondary indices, the S&P BSE Mid-Cap index rose 0.37%. The S&P BSE Small-Cap index gained 0.48%. Both these indices outperformed the Sensex.
The breadth, indicating the overall health of the market, was strong. On the BSE, 1,441 shares rose and 831 shares fell. A total of 123 shares were unchanged.
Overseas, Asian stocks were mixed in trading thinned by year-end holidays as several regional markets re-opened after the Christmas break. Hong Kong, Australia and New Zealand markets remain closed today, 26 December 2017. In Japan, the nationwide core consumer price index (CPI), which includes oil goods but excludes volatile fresh food prices, rose 0.9% in November from a year earlier, government data showed today, 26 December 2017. The pace of price growth was just ahead of October's 0.8%. US markets remained shut yesterday, 25 December 2017 on account of Christmas.
Back home, realty stocks gained. Sobha (up 2.26%), DLF (up 2.73%), Godrej Properties (up 0.22%), Indiabulls Real Estate (up 1.18%), Phoenix Mills (up 1.17%), D B Realty (up 4.68%), HDIL (up 0.78%), Oberoi Realty (up 1.45%) and Prestige Estates Projects (up 0.8%) edged higher. Unitech (down 1.84%) edged lower.
Shares of telecom and telecom tower infrastructure providers saw mixed trend. Reliance Communications (up 4.41%), Bharti Infratel (up 0.21%) and MTNL (up 0.41%) edged higher. Idea Cellular (down 0.25%) and Bharti Airtel (down 0.34%) edged lower.
Welspun Corp rose 5.27% after the company announced that it has received orders for supply of 124 K MTs pipes. Welspun Corp said that with the addition of these orders, the company has current order book of 1198 K MTs valued at Rs 7400 crore. The announcement was made after market hours on Friday, 22 December 2017.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
