Sensex, Nifty Advance As I.T. And Oil & Gas Stocks Gain: Midday Market Update
Sensex traded with 0.68% gains at 61,930.95 on the BSE, while the Nifty 50 advanced with similar magnitude to 18,393.65.
India's benchmark indices extended gains led by advances in information technology, capital goods, and oil and gas stocks.
At 12:52 p.m., the Sensex traded with 0.68% gains at 61,930.95 on the BSE, while the Nifty 50 advanced by a similar magnitude to 18,393.65 on the NSE. Among Nifty 50 constituents, 35 stocks advanced and 15 declined.
Apollo Hospitals Enterprise Ltd., HDFC Life Insurance Co., Bharat Petroleum Corporation Ltd., Power Grid Corporation of India Ltd., and HCL Technologies Ltd. were the top Nifty 50 gainers.
While, Coal India Ltd., Bajaj Finserv Ltd., Kotak Mahindra Ltd., Bajaj Finance Ltd., and Bharti Airtel Ltd. were the top laggards
The broader indices underperformed their larger peers, with the mid-cap and small-cap indices gaining 0.33% and 0.45%, respectively.
Sixteen out of the 20 sectoral measures complied by BSE Ltd. advanced, with BSE information & technology and teck gaining the most over 1%.
The market breadth is skewed in favour of the bulls. About 1,978 stocks rose, 1,394 fell and 151 remained unchanged