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Sensex rallies over 200 points; Nifty above 10,450 mark

Benchmark equity indices were trading higher led by gains in information technology stocks, although a decline in banks and oil marketing companies capped the rise.

At 2:13 PM, the BSE Sensex was trading at 34,145, up 205 points, while the Nifty50 index was trading at 10,464, up 47 points.

BSE Midcap and the BSE Smallcap indices were up by 0.27% and 0.28%, respectively.

Oil marketing companies extended their decline as tensions over Syria pushed up crude oil prices globally. Both Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd dropped over 2%, while Indian Oil Corp Ltd plunged nearly 1.6%.

The Nifty metal index dropped for the first time in four sessions, with recent outperformer Hindustan Zinc Ltd shedding over 2%.

Shares of Biocon rose 2% on potential benefits from Mylan NV’s tie-up with Fujifilm Kyowa Kirin Biologics.
Volatility index India VIX was down 1.29% to 14.5300.

HCL Tech (+4.6%), TCS (+4.2%), Infosys (+4.1%), Tech Mahindra (+2.7%), and ICICI Bank (+1%) were the top gainers on Nifty50.

BPCL (-1.9%), Dr.Reddy’s (-1.8%), Lupin (-1.8%), Vedanta (-1.7%) and Adani Ports (-1.4%) were the top losers in today’s trade.

Out of 2,046 stocks traded on the NSE, 760 advanced, 934 declined and 352 remained unchanged today.

A total of 28 stocks registered a fresh 52-week high in trade today, while 26 stocks touched a new 52-week low on the NSE.