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Sensex up 144 points; Lemon Tree, Titan stocks gain

Equity benchmark indices opened higher, but gains were capped as gains in Hindalco, BPCL, HPCL and Cipla were offset by losses in ICICI Bank, Bharti Airtel and Infosys.

Benchmark indices extended early gains after it opened on a positive note, with banking stocks emerging among top gainers.

At 10:14 AM, the BSE Sensex was trading at 33,771, up 144 points, while the Nifty50 index was trading at 10,380, up 48 points.

The BSE Midcap and the BSE Smallcap indices was down by 0.13% and 0.04%, respectively.

Lemon Tree Hotels scrip got listed at Rs61.60 on the BSE, a 10% premium over the issue price of Rs56.

Shares of ICICI Bank fell 2% after media reports said that directors are likely to meet this week to discuss the way ahead for CEO Chanda Kochhar.

Shares of Titan rose over 2.5% after it said FY17-18 was a very satisfactory year in terms of overall business performance. Its revenue growth and operating profits for jewellery and watches have been strong.

Volatility index India VIX was up 1.64% to 14.9900.

Hindalco (+3%), HPCL (+2.8%), Titan (+2.7%), Asian Paints (+1.8%) and IOC (+1.4%) were the top gainers on Nifty50.

ICICI Bank (-1.8%), Coal India (-0.56%), GAIL (-0.52%), Infosys (-0.16%) and Power Grid (-0.13%) were the top losers in today’s trade.

Out of 2,040 stocks traded on the NSE, 1,235 advanced, 390 declined and 415 remained unchanged today.

A total of 29 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.