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(01/09/2021 10:11)

Indices continue to inch higher; Axis Bank, Asian Paints top gainers

Domestic bourses opened higher on Wednesday as sentiments remained positive on the GDP growth for Q122 at 20.10 % which is well in line with the estimates, and it gives comfort that the economic revival process is intact.

Among individual stocks, Maruti Suzuki India share price slipped more than 1 percent on September 1 as company expect production in September to hit due to the semiconductor shortage.

At 9:55 hours, the 30-share benchmark index was trading at 57880.28 up by 327.89 points or by 0.57 % and then NSE Nifty was at 17191.4 up by 59.2 points or by 0.35 %.

Sensex touched intraday high of 57913.46 and intraday low of 57277.88 The NSE Nifty touched intraday high of 17194.35 and intraday low of 17148.15

The top gainers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 815.40,+3.69%), Asian Paints Ltd. (Rs. 3301.00,+3.13%), IndusInd Bank Ltd. (Rs. 1019.70,+2.64%), Larsen & Toubro Ltd. (Rs. 1708.20,+2.20%), ICICI Bank Ltd. (Rs. 733.85,+2.09%), among others.

The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 1426.00,-1.66%), Maruti Suzuki India Ltd. (Rs. 6778.00,-0.97%), Housing Development Finance Corporation Ltd. (Rs. 2775.15,-0.85%), Mahindra & Mahindra Ltd. (Rs. 786.50,-0.83%), Infosys Ltd. (Rs. 1692.90,-0.66%), among others.

Among the sectors, Realty index was at 3133.47 up by 48.49 points or by 1.57%. Oberoi Realty Ltd. (Rs. 743.90,+5.92%), Prestige Estates Projects Ltd. (Rs. 364.00,+3.16%), Brigade Enterprises Ltd. (Rs. 343.55,+2.74%), Sobha Ltd. (Rs. 637.45,+2.42%), Phoenix Mills Ltd. (Rs. 878.35,+2.02%),.

Metal index was at 20334.95 down by -244.8 points or by -1.19%. NMDC Ltd. (Rs. 150.70,-2.08%), Tata Steel Ltd. (Rs. 1426.00,-1.66%), Steel Authority of India (SAIL) Ltd. (Rs. 119.90,-1.40%), Hindalco Industries Ltd. (Rs. 461.95,-1.39%), Jindal Steel & Power Ltd. (Rs. 372.70,-1.17%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2858 , shares advanced were 1796 while 957 shares declined and 105 were unchanged.