Mid-Session: Sensex, Nifty trade near day’s high; RIL zooms 10% 22/02/2017 12:35

Mid-Session: Sensex, Nifty trade near day’s high; RIL zooms 10%
22/02/2017 12:35
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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The key domestic benchmark extended day’s gain in late morning deal on Wednesday, driven by strong rally in index heavyweights such as Reliance Industries, Axis Bank, Coal India, Asian Paints, BPCL, ONGC, DLF and Tata Motors. However, weakness in broader markets capped day’s gain, with MidCap and SmallCap trading flat with marginal losses.

At 12:30 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28949.18, up by 187.59 points or by 0.65 per cent, and the NSE Nifty was at 8951.9, up by 44.05 points or by 0.49 per cent.

RIL shares hit 52-week high after its telecom arm, Reliance Jio, announced that its tariff plans will become applicable from April 01, 2017.

CIL also rose over 2 per cent the state-run company said that its board will meet on March 06, 2017, to consider payment of interim dividend, if any, for the year 2016-17.

Among others, Bharat Electronics Limited (BEL) dipped over 3 per cent as government set to sell its 5 per cent stake in the company today.

In the day’s trade so far, the BSE Sensex touched intraday high of 28963.52 and intraday low of 28789.3, while the NSE Nifty touched intraday high of 8955.6 and intraday low of 8917.1.

The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1193.90,+9.71%), Axis Bank Ltd. (Rs. 517.95,+2.65%), Coal India Ltd. (Rs. 327.10,+2.35%), Asian Paints Ltd. (Rs. 1009.80,+1.88%), Tata Motors Ltd. (Rs. 465.35,+1.39%), among others.

On the flip side, Infosys Ltd. (Rs. 993.95,-1.88%), Tata Consultancy Services Ltd. (Rs. 2428.50,-1.45%), NTPC Ltd. (Rs. 169.90,-1.45%), Power Grid Corporation of India Ltd. (Rs. 203.65,-1.04%), GAIL (India) Ltd. (Rs. 519.30,-0.92%), were among top losers on BSE.

On the sectoral front, oil&gas and realty stocks were leading the gain, adding as much as 1.94 per cent and 1.04 per cent respectively.

The market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 2846, shares advanced were 1310 while 1331 shares declined and 205 were unchanged.