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(08/04/2021 14:45)

Indices trade higher led by metal stocks

Domestic bourses were trading higher during the noon trading session off day's high supported by buying in index heavyweights including Titan Company Ltd. Mahindra & Mahindra Ltd., UltraTech Cement Ltd.Nestle India Ltd among others.

Meanwhile, Indian rupee has erased the intraday gains and trading lower by 16 paise at 74.71 per dollar, amid buying seen in the domestic equity market. It opened 15 paise higher at 74.40 per dollar against previous close of 74.55.

At 14:45 hours, the 30-share benchmark index was trading at 49822.26 up by 160.5 points or by 0.32 % and then NSE Nifty was at 14888.25 up by 69.2 points or by 0.47 %.

Sensex touched intraday high of 50118.08 and intraday low of 49684.85 The NSE Nifty touched intraday high of 14984.15 and intraday low of 14853.5

The top gainers of the BSE Sensex pack were Titan Company Ltd. (Rs. 1570.70,+3.75%), Mahindra & Mahindra Ltd. (Rs. 1027.10,+2.40%), UltraTech Cement Ltd. (Rs. 6911.60,+2.30%), Nestle India Ltd. (Rs. 17679.40,+1.49%), Larsen & Toubro Ltd. (Rs. 1424.45,+1.46%), among others.

The top losers of the BSE Sensex pack were Bajaj Auto Ltd. (Rs. 3653.70,-0.89%), Power Grid Corporation of India Ltd. (Rs. 208.95,-0.88%), Sun Pharmaceutical Industries Ltd. (Rs. 615.60,-0.84%), Bajaj Finance Ltd. (Rs. 5038.00,-0.76%), Oil And Natural Gas Corporation Ltd. (Rs. 103.95,-0.67%), among others.

Among the sectors, Metal index was at 16326.59 up by 683.25 points or by 4.37%. JSW Steel Ltd. (Rs. 614.15,+9.22%), Jindal Steel & Power Ltd. (Rs. 415.25,+6.82%), Steel Authority of India (SAIL) Ltd. (Rs. 95.25,+6.07%), Tata Steel Ltd. (Rs. 916.35,+4.76%), Hindalco Industries Ltd. (Rs. 364.10,+3.36%),.

Power index was at 2514.85 down by -25.51 points or by -1%. Adani Transmission Ltd. (Rs. 1002.15,-5.00%), Thermax Ltd. (Rs. 1356.10,-3.32%), Adani Power Ltd. (Rs. 97.80,-2.15%), Adani Green Energy Ltd. (Rs. 1169.95,-2.08%), KEC International Ltd. (Rs. 424.45,-1.99%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3296 , shares advanced were 1948 while 1148 shares declined and 200 were unchanged.