Live Stock Market Updates: Nifty trades tad below 9,950; Sensex up by over 150 points
It seems market is showing signs of upward breakout from its recent losses. Major benchmark indices on NSE, Nifty has been trading near the important mark of 9,950. The index has support around 9,850 while 9,950 will act as immediate resistance on the upside.
Metal and Bank stocks are responsible for the rise of major indices in the market. Bank Nifty is trading higher by 130 points at 24,188 level. Yes Bank is top gainer in the index trading higher by 1.68% at Rs 365.5 per share.
At 10 AM, the S&P BSE Sensex is down 27 points at 31,644, while Nifty is down by 5 points at 9909. A total of 53 stocks registered a fresh 52-week high in trade today, while 41 stocks touched a new 52-week low on the NSE.
There were 1,215 advances, 313 declines and 427 unchanged stocks on NSE reflecting strong positive sentiments floating in the market. The BSE Mid-cap Index is trading up 0.79% at 15,815, while BSE Small-cap Index is trading up 0.96% at 16,606 level.
All the sectoral indices on BSE are trading in positive territory.
GAIL, Hindalco, Tata Steel, Vedanta Limited and NTPC are among the gainers, whereas Tata Motors, HDFC and Zee Entertainment are losing on the NSE.
The INDIA VIX is down 3.71% at 11.27.