Sensex, Nifty open higher led by gains in IT stocks; HDFC slips
However, gains were limited due to lack of significant triggers and as India’s trade deficit in December widened to a three-year high. The broader action remained largely stock specific as investors react to Oct-Dec corporate earnings.
Information technology stocks were the strongest today, with the Nifty IT Index rising over 1%, led by surge in shares of Tech Mahindra, Wipro and Tata Consultancy Services.
Shares of Housing Development Finance Corp fell over 1% on profit booking after gaining more than 6% on Monday.
Shares of oil and gas companies were among the weakest as the Nifty Energy Index slipped 0.3%, with shares of Bharat Petroleum Corp, down 1.5%, being the worst hit on Nifty50.
The BSE Mid-cap and BSE Small-cap indices were down 0.17% and 0.04%, respectively.
Volatility index India VIX gained 1.06%.
Out of 2,008 stocks traded on the NSE, 691 advanced, 867 declined and 450 remained unchanged today.
A total of 70 stocks registered a fresh 52-week high in trade today, while one stock touched a new 52-week low on the NSE.