Nifty above 10,450 mark; Coal India, Tata Steel gain


Equity tips:-


  • Buoyed by a positive trend across most sectors and continued rally in metal stocks, domestic share indices started the session on a positive note.
     
  • At 10:58 AM, the BSE Sensex was trading at 33,850, up 56 points, while the Nifty50 was ruling at 10,455, up 11 points.
     
  • Metal stocks continued to gain on the back of rising global commodity prices. The Nifty Metal Index rose 0.5% in early trade, led by over 1% gains in shares of Vedanta and Welspun Corp.
     
  • Shares of Tata Motors, which fell 1%, were the worst hit on Nifty50 as the company reported a 9.4% on-year fall in Jaguar Land Rover sales in the US to 11,394 units for December.
     
  • Shares of SJVN soared over 15% to a lifetime high after the company said its board will meet on Monday to consider a proposal to buyback its fully-paid up equity shares.
     
  • Barring the Nifty Auto Index, which fell 0.2% all other sectoral indices were 0.1-0.6% higher in early trade.
     
  • The BSE Mid-cap and BSE Small-cap indices were up 0.60% and 0.41%, respectively.
     
  • Volatility index India VIX rose 0.99%.
     
  • Asian Paints (+1.5%), ONGC (+1.5%), UPL (+1.3%), Dr. Reddy’s (+1.2%) and Coal India (+1%) were the top gainers on Nifty50.
     
  • Tata Motors (-1.4%), HCL Tech (-1.06%), ICICI Bank (-0.86%), Yes Bank (-0.55%) and Sun Pharma (-0.41%) were the top losers in today’s trade.
     
  • Out of 1,994 stocks traded on the NSE, 1,140 advanced, 435 declined and 419 remained unchanged today.
     
  • A total of 107 stocks registered a fresh 52-week high in trade today, while two stocks touched a new 52-week low on the NSE.
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