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(07/04/2021 14:47)

Indices trade higher; SBI, Bajaj Auto top gainers

The Indian markets traded over 1 per cent up in Wednesday's noon deals as the Reserve Bank of India kept the repo rate unchanged at 4 per cent while maintaining the 'accomodative' stance. The FY22 growth projection was also maintained at 10.5 per cent.

At 14:45 hours, the 30-share benchmark index was trading at 49680.88 up by 479.49 points or by 0.97 % and then NSE Nifty was at 14845.1 up by 161.6 points or by 1.1 %.

Sensex touched intraday high of 49900.13 and intraday low of 49093.9 The NSE Nifty touched intraday high of 14879.8 and intraday low of 14649.85

The top gainers of the BSE Sensex pack were State Bank of India (Rs. 358.25,+2.20%), Bajaj Auto Ltd. (Rs. 3681.90,+1.85%), ICICI Bank Ltd. (Rs. 576.40,+1.85%), Dr. Reddy's Laboratories Ltd. (Rs. 4701.00,+1.81%), Nestle India Ltd. (Rs. 17384.75,+1.79%), among others.

The top losers of the BSE Sensex pack were Titan Company Ltd. (Rs. 1511.05,-0.97%), NTPC Ltd. (Rs. 105.55,-0.38%), Hindustan Unilever Ltd. (Rs. 2399.60,-0.33%), among others.

Bankex index was at 37288.23 up by 562.56 points or by 1.53%. City Union Bank Ltd. (Rs. 164.15,+5.60%), Bandhan Bank Ltd. (Rs. 349.20,+3.42%), Federal Bank Ltd. (Rs. 79.10,+2.93%), State Bank of India (Rs. 358.25,+2.20%), RBL Bank Ltd. (Rs. 216.00,+1.86%),.

Power index was at 2539.09 down by -6.82 points or by -0.27%. Adani Transmission Ltd. (Rs. 1056.50,-4.81%), KEC International Ltd. (Rs. 434.80,-0.97%), NTPC Ltd. (Rs. 105.55,-0.38%), Tata Power Company Ltd. (Rs. 104.35,-0.29%), ABB India Ltd. (Rs. 1376.00,-0.02%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3352 , shares advanced were 1970 while 1144 shares declined and 238 were unchanged.