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Sensex zooms over 180 pts; metal, bank stocks lead

Share Source By

Dion Global

11 Jan 2017

Indian equity benchmarks were trading in the positive territory during the afternoon session on Wednesday on across-the-board buying by retail investors and domestic institutional investors amid mostly positive cues from fellow Asian peers.

At 1:08 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 27,084.32 up by 184.76 points or 0.69 per cent while the NSE Nifty was at 8,362.6 up by 74 points or 0.89 per cent.

Meanwhile, investors globally eyed the President-elect Donald Trump's news conference to be held later in the day which may offer some clues to his policies on tax, fiscal spending, international trade and currencies.

Backhome, caution prevailed ahead of the macroeconomic data and December quarter earnings from blue-chip companies, restricted further gains at the domestic markets.

Buying momentum was witnessed mainly in the metal and banking sector stocks.

The top gainers of the BSE Sensex pack were Coal India Ltd. (Rs. 313.65,+4.41%), Tata Steel Ltd. (Rs. 446.05,+3.52%), Lupin Ltd. (Rs. 1512.50,+1.68%), Adani Ports & Special Economic Zone Ltd. (Rs. 298.70,+1.58%), ICICI Bank Ltd. (Rs. 264.20,+1.50%), among others.

Major show spoilers were Bajaj Auto Ltd. (Rs. 2723.55,-0.63%), Infosys Ltd. (Rs. 965.00,-0.58%), Tata Consultancy Services Ltd. (Rs. 2302.50,-0.56%), Cipla Ltd. (Rs. 572.95,-0.47%), Reliance Industries Ltd. (Rs. 1085.95,-0.11%), among others.

The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2812 shares traded, 1730 advanced while 933 shares declined and 149 remained unchanged.