Nifty above 10,450 mark; HDFC, TCS stock up


Equity tips:-
  • Share indices were higher tracking the strength in global markets and due to gains in index heavyweight ITC, Tata Consultancy Services and Reliance Industries.
     
  • Most Asian indices were up tracking overnight gains in US equities, which ended higher, led by banks and energy stocks and robust US GDP data.
     
  • At 9:52 AM, BSE Sensex was trading at 33,823, up 67 points and the broader Nifty50 index was ruling at 10,457, up 18 points.
     
  • In broader markets, the BSE Midcap and BSE Smallcap indices up 0.40% and 0.65% respectively.
     
  • In specific stocks, Shares of Steel Strips Wheels gained 1% after the company bagged an export order worth $2.15 mn.
     
  • Shares of SRS rose 2% as the company will be selling its grocery retail operations to Spencer's Retail.
     
  • Dilip Buildcon has been awarded two new EPC projects valued at Rs517.81cr by Ircon International. The stock gained 3%.
     
  • Among sectors, Nifty Auto and Nifty FMCG were up 0.3% and 0.2% respectively, while Nifty IT index was down 0.10% is the sole laggard among sectoral indices.
     
  • Adani Ports (+1.5%), Eicher (+1%), M&M (+0.92%), Hindalco (+0.84%) and Tech Mahindra (+0.76%) were the top gainers on the Nifty50.
     
  • HCL Tech (-0.8%), Coal India (-0.7%), Lupin (-0.59%), Bajaj Auto (-0.59%) and ICICI Bank (-0.46%) were the top losers in today’s trade.
     
  • India VIX dropped 1.17%.
     
  • Out of 1,987 stocks traded on the NSE, 1,147 advanced, 428 declined and 412 remained unchanged today.
     
  • A total of 74 stocks registered a fresh 52-week high in trade today, while one stock touched a new 52-week low on the NSE.
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