Sensex rallies over 100 points; Fortis, PNB stock down
Benchmark indices opened marginally higher on Tuesday. Today’s gains were led by Infosys, TCS, ICICI Bank, HDFC and Bharti Airtel.
At 10:30 AM, the BSE Sensex was trading at 33,906, up 131 points, while the Nifty50 was ruling at 10,420, up 41 points.
In the broader market, the BSE Midcap and the BSE Smallcap indices gained 0.29% and 0.34% respectively.
Nifty PSU Bank was the leading loser among NSE indices and shed over 0.5%. PNB (down 2.7%%), Allahabad Bank (down 2.2%) and Union Bank (down 2%) contributed most to the losses.
RK Damani, promoter of D-mart, has bought 26.5 lakh shares of Fortis Healthcare at Rs144.35 per share through his company Derive Investments. This translates in 0.5% stake in the company. Stock slipped 6.5%.
Rupee fell to 2-month low of 64.51 vs. the US dollar, against its previous close of 64.21, amid a broad strengthening of the greenback.
Volatility index, India VIX gained 1.89% at 16.9700.
A total of four stocks registered a fresh 52-week high in trade today, while 28 stocks touched a new 52-week low on the NSE.