Nifty above 10,450 mark; Dr. Reddy's stock down 2%


Equity tips:-
  • Boosted by chart-topping gains in shares of index-heavyweight Reliance Industries and a firm trend in shares of metal and banking stocks, domestic share indices started today's session on a positive note, mirroring similar trend in most global equity markets.  
  • At 10:41 AM, the BSE Sensex was trading at 33,957, up 145 points, while the Nifty50 was ruling at 10,497, up 55 points.  
  • Shares of Dr. Reddy's Laboratories, down 2%, were the worst hit on Nifty50 after details of its Duvvada unit inspection were released.  
  • Shares of RIL rose 1.5% after the company said that it has commissioned a 1.5-mtpa refinery off-gas cracker unit at its Jamnagar complex.  
  • Metal stocks continued to gain strength on the back of rising global commodity prices. The Nifty Metal index rose 0.8% in early trade, led by over 1% gains in shares of Vedanta and Tata Steel.  
  • Shares of public sector banks recovered from recent weakness as the Nifty PSU Bank index climbed 0.7%, with State of Bank of India's stock rising nearly 1%. Gains in the broader market were, however, limited by a weakness in pharmaceutical stocks. Barring the Nifty Pharma index, down 0.4%, all other sectoral indices were 0.3-0.8% higher in early trade.  
  • The BSE Mid-cap and BSE Small-cap indices were up 0.49% and 0.76%, respectively.  
  • Volatility index India VIX slipped 0.94%.  
  • ICICI Bank (+1.7%), Vedanta (+1.3%), Hindalco (+1.2%), HPCL (+1.08%) and Adani Ports (+1.02%) were the top gainers on Nifty50.
  • Dr. Reddy’s (-2.8%), ONGC (-0.99%), Tata Motors (-0.73%), Asian Paints (-0.44%) and Infosys (-0.42%) were the top losers in today’s trade.  
  • Out of 1,989 stocks traded on the NSE, 1,187 advanced, 365 declined and 437 remained unchanged today.  
  • A total of 62 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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