Indian ADRs ended mostly higher on Wednesday. In the banking space, HDFC Bank was up 0.55 percent at USD 96.17 and ICICI Bank jumped 2.55 percent at USD 9.26.
In the IT space, Infosys gained 1.03 percent at USD 15.65 and Wipro was down 0.65 percent at USD 6.09.
In the other sectors, Tata Motors gained 2 percent at USD 30.05 and Dr Reddy’s Laboratories added 0.58 percent at USD 30.95.
Equity benchmark indices continued its positive momentum from the previous session, with the Nifty climbing above 9900 in the opening tick.
At 09:17 hrs, the Sensex was up 43.94 points at 31814.83, while the Nifty was up 10.95 points at 9908.25. The market breadth was healthy as 519 shares advanced against a decline of 252 shares, while 25 shares were unchanged.
Midcaps continued to gain, while strong movements was seen among metals as well as information technology stocks.
Infosys, HDFC, and Vedanta were the top gainers on both indices, while Bajaj Auto, HUL, Power Grid and Zee Entertainment lost the most.
Price : 31,782.46 Today’s change : +11.57 (0.04%) Open : 31,919.20 Prev Close : 31,770.90
Price : 19,702.63 Today’s change : -26.65 (-0.14%) Open : 19,707.80 Prev Close : 19,729.30
Price : 27,336.71 Today’s change : -72.36 (-0.26%) Open : 27,610.30 Prev Close : 27,409.10
Equity benchmark indices ended the session on a very strong note, with the Sensex ending 320 points higher and the Nifty ended just a tad below 9900.
The Sensex ended up 321.86 points at 31770.89, while the Nifty ended higher by 103.15 points at 9897.30. The market breadth was positive, but a tad narrow as 1,638 shares advanced against a decline of 946 shares, while 118 shares were unchanged.
Cipla, Tata Motors and Tech Mahindra gained the most on both indices, while NTPC, Asian Paints and Power Grid were the top losers.
Price : 31,519.54 Today’s change : +70.51 (0.22%) Open : 31,566.20 Prev Close : 31,449.00
Price : 19,729.28 Today’s change : -24.03 (-0.12%) Open : 19,750.60 Prev Close : 19,753.30
Price : 27,343.76 Today’s change : +168.80 (0.62%) Open : 27,238.80 Prev Close : 27,175.00
Indian ADRs ended mostly higher on Tuesday. In the banking space, HDFC Bank was up 0.43 percent at USD 95.64 and ICICI Bank gained 0.89 percent at USD 9.03.
In the IT space, Infosys added 0.13 percent at USD 15.49 and Wipro was up 0.16 percent at USD 6.13.
In the other sectors, Tata Motors declined 0.97 percent at USD 29.46 and Dr Reddy’s Laboratories added 0.16 percent at USD 30.77.
Equity benchmarks continued with its positive momentum from the previous session and opened on a good note, with the Nifty reclaiming 9800-mark.
At 9:16 am, the Sensex was up 77.14 points at 31526.17, while the Nifty rose 23.05 points at 9817.20. The market breadth was positive as 626 shares advanced against a decline of 186 shares, while 27 shares were unchanged.
Midcaps were back in favour as they outperformed the benchmarks, while other gainers included FMCG, auto stocks and metals.
Adani Ports, Tata Motors, Tata Power and BPCL were the top gainers, while Larsen & Toubro, Cipla and Asian Paints lost the most on both indices.
Equity benchmarks rebounded in opening on Monday after losing 3.5 percent in previous week, backed by short covering in most beaten stocks.
The 30-share BSE Sensex was up 182.89 points at 31,396.48 and the 50-share NSE Nifty gained 58.15 points at 9,768.95.
Dr Reddy’s Labs, Sun Pharma, Bank of Baroda, BPCL, Infosys and Bharti Airtel were only losers among Nifty stocks.
Nifty Midcap was up 1.5 percent on strong market breadth. About five shares advanced for every share falling on the NSE.
Suzlon Energy, CESC, BEML, Adani Ports, DLF, Sun TV, CG Power, JP Associates, GVK Power, GMR Infra, Techno Electric, Voltamp Transformers and Mercator surged up to 7 percent.
Parsvnath Developers (down 10 percent) and Signet Industries (down 20 percent) fell after SAT stayed SEBI order.
REC, HDIL, Jamna Auto and Chennai Petroleum were down nearly 5 percent.
Price : 31,473.43 Today’s change : +259.84 (0.83%) Open : 31,299.50 Prev Close : 31,213.60
Price : 19,537.10 Today’s change : -192.64 (-0.98%) Open : 19,545.60 Prev Close : 19,729.70
Price : 27,197.64 Today’s change : +314.13 (1.17%) Open : 27,091.80 Prev Close : 26,883.50