Mkts trade higher amid volatility; IT, banks, cap goods up
The benchmark indices were trading marginally higher amid volatility. Technology, banking, capital goods, FMCG, realty, private power companies’ shares and Reliance Industries stocks were witnessing buying interest. However, selling continues in ONGC, NTPC, Bharti, HDFC, SAIL, Tata Motors and Tata Steel.
At 10:49 am, the Sensex was trading at 9,565, up 94 points and the Nifty was trading at 2,958, up 20 points. Broader indices – BSE Midcap and Small Cap indices gained marginally.
Market breadth was negative; about 1364 shares advanced while 1539 shares declined. Nearly 168 shares were unchanged.
BSE Realty and Bank indices were up over 2% each. FMCG Index was up 1.8%. IT and Capital Goods indices gained 1-1.5%.
Asian markets were trading mixed. Taiwan gained 1.4%. Shanghai and Jakarta Composite were up 0.6-0.8%. However, Straits Times and Hang Seng fell 0.5% each. Nikkei and Kospi were flat.