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(16/10/2020 12:54)

Mid-Session: Markets extend gains; Tata Steel, HDFC bank top gainers

Domestic bourses continued to trade higher during the noon trading session led by the auto, bank and pharma.

At 12:45 hours, the 30-share benchmark index was trading at 40059.09 up by 330.68 points or by 0.83 % and then NSE Nifty was at 11765.75 up by 85.4 points or by 0.73 %.

Sensex touched intraday high of 40125.71 and intraday low of 39699.42 The NSE Nifty touched intraday high of 11784.1 and intraday low of 11667.85

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 385.45,+3.13%), HDFC Bank Ltd. (Rs. 1197.20,+2.40%), Axis Bank Ltd. (Rs. 473.55,+2.33%), Kotak Mahindra Bank Ltd. (Rs. 1338.15,+2.23%), IndusInd Bank Ltd. (Rs. 611.25,+2.18%), among others.

The top losers of the BSE Sensex pack were HCL Technologies Ltd. (Rs. 830.50,-3.37%), Mahindra & Mahindra Ltd. (Rs. 608.00,-1.47%), Asian Paints Ltd. (Rs. 2066.75,-1.08%), Nestle India Ltd. (Rs. 15490.00,-0.66%), Reliance Industries Ltd. (Rs. 2198.15,-0.34%), among others.

Among the sectors, Bankex index was at 26761.97 up by 592.21 points or by 2.26%. Bandhan Bank Ltd. (Rs. 312.95,+3.05%), RBL Bank Ltd. (Rs. 171.40,+2.57%), HDFC Bank Ltd. (Rs. 1197.20,+2.40%), Axis Bank Ltd. (Rs. 473.55,+2.33%), Kotak Mahindra Bank Ltd. (Rs. 1338.15,+2.23%),.

CDS index was at 27288.96 down by -104.13 points or by -0.38%. TTK Prestige Ltd. (Rs. 5656.65,-1.28%), Orient Electric Ltd. (Rs. 191.65,-0.42%), Crompton Greaves Consumer Electricals Ltd. (Rs. 280.60,-0.14%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2693 , shares advanced were 1339 while 1181 shares declined and 173 were unchanged.