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Nifty trading above 10,550 mark; Metal, Realty stocks gain

Equity benchmark indices opened higher led by gains in HDFC Bank, Reliance Industries, ICICI Bank, Maruti and L&T.

Benchmark equity indices opened on a positive note, tracking positive global cues. Today’s gains were led by metals, auto, realty and energy sectors – up between 0.8% and 1.5%.

At 9:52 AM, the BSE Sensex was trading at 34,328, up 185 points, while the Nifty50 index was trading at 10,550, up 58 points.

The broader market indices were in-line with the benchmarks as the BSE Midcap and BSE Smallcap Indices climbed 0.6% each.

Dr Reddy’s Laboratories slipped 2% after the USFDA maintained OAI status for the company’s Srikakulam plant.

The CBI registered loan default case against Simbhaoli Sugars Ltd, Uttar Pradesh based sugar company, for allegedly causing loss of Rs109cr to Oriental Bank of Commerce, as per media reports. Simbhaoli Sugars stock dropped 16%.

Volatility index India VIX slipped 1.81% to 13.9450.

Tata Motors (+2.3%), Adani Ports (+1.8%), Bajaj Auto (+1.8%), Maruti (+1.6%) and Hindalco (+1.6%) were the top gainers on Nifty50.

Dr Reddy’s (-1.9%), Sun Pharma (-1.8%), TCS (-1%), NTPC (-0.76%) and Infosys (-0.47%) were the top losers in today’s trade.

Out of 2,014 stocks traded on the NSE, 1,176 advanced, 423 declined and 415 remained unchanged today.

A total of 13 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.