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Positive trade continues at D-Street; metal, oil & gas stocks lead

Share Source By

Dion Global

05 Jan 2017

Indian equity benchmarks continued their northward journey during the afternoon session on Thursday on across-the-board buying by investors, tracking mostly positive cues from fellow Asian peers followed by overnight gains on the Wall Street after the US Fed minutes suggested a less hawkish stance from policymakers.

At 1:03 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 26,845.72 up by 212.59 points or 0.8 per cent while the NSE Nifty was at 8,256.4 up by 65.9 points or 0.8 per cent.

Buying momentum was witnessed mainly in the metal and oil & gas sector stocks.

Meanwhile, foreign funds net sold shares worth Rs 800.71 crore yesterday, as per provisional data.

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 421.80,+4.12%), Adani Ports & Special Economic Zone Ltd. (Rs. 285.25,+3.97%), Tata Motors Ltd. (Rs. 499.55,+2.68%), Oil And Natural Gas Corporation Ltd. (Rs. 199.40,+2.60%), ICICI Bank Ltd. (Rs. 256.85,+2.29%), among others.

Major show spoilers were Tata Consultancy Services Ltd. (Rs. 2351.90,-1.12%), Mahindra & Mahindra Ltd. (Rs. 1216.15,-0.41%), among others.

The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2,843 shares traded, 1,919 advanced while 790 shares declined and 134 remained unchanged.

On the global front, most of the Asian markets were green followed by overnight gains on the Wall Street after minutes of Federal Reserve's December meeting signalled a less aggressive stance on rate hike and strong auto sales.