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Sensex rallies over 100 points; Auto, Realty Index gain

Share indices were higher tracking the strength in global markets and due to gains in index heavyweight ITC, Tata Consultancy Services and Reliance Industries.

Most Asian indices were up tracking overnight gains in US equities, which ended higher, led by banks and energy stocks and robust US GDP data.

At 10:25 AM, BSE Sensex was trading at 33,893, up 137 points and the broader Nifty50 index was ruling at 10,472, up 31 points.

In broader markets, the BSE Midcap and BSE Smallcap indices up 0.40% and 0.65% respectively.

In specific stocks, Shares of Steel Strips Wheels gained 1% after the company bagged an export order worth $2.15 mn.

Shares of SRS rose 2% as the company will be selling its grocery retail operations to Spencer’s Retail.

Dilip Buildcon has been awarded two new EPC projects valued at Rs517.81cr by Ircon International. The stock gained 3%.

Among sectors, Nifty Auto and Nifty FMCG were up 0.3% and 0.2% respectively, while Nifty IT index was down 0.10% is the sole laggard among sectoral indices.

Adani Ports (+1.5%), Eicher (+1%), M&M (+0.92%), Hindalco (+0.84%) and Tech Mahindra (+0.76%) were the top gainers on the Nifty50.

HCL Tech (-0.8%), Coal India (-0.7%), Lupin (-0.59%), Bajaj Auto (-0.59%) and ICICI Bank (-0.46%) were the top losers in today’s trade.

India VIX dropped 1.17%.

Out of 1,987 stocks traded on the NSE, 1,147 advanced, 428 declined and 412 remained unchanged today.

A total of 74 stocks registered a fresh 52-week high in trade today, while one stock touched a new 52-week low on the NSE.