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D-Street Buzz: Metals shine led by SAIL, Tata Steel; Titan jumps 4%, RIL most active

31 December, 2018 4:49 AM
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D-Street Buzz: Metals shine led by SAIL, Tata Steel; Titan jumps 4%, RIL most active

The breadth of the market favoured the advances with 1129 stocks advancing and 643 declining while 114 remained unchanged. On the BSE, 1152 stocks advanced, 480 declined and 97 remained unchanged.

The Indian benchmark indices has been trading on a positive note in this Monday morning session with the Nifty50 adding 29 points, trading at 10,889 while the Sensex was up 80 points and was trading at 36,187.

Nifty Metal was up 1.5 percent and was the outperforming sector led by APL Apollo, Hindustan Copper, Hindalco Industries, SAIL, NALCO, JSW Steel, Tata Steel and Vedanta.

From the auto space, the top gainers were Exide Industries, Motherson Sumi Systems, Tata Motors, Eicher Motors, Bajaj Auto and Bharat Forge.

From the pharma space, Dr Reddy's Labs added 1 percent while Glenmark Pharma, Piramal Enterprises and Cadila Healthcare were the other gainers.

The top gainers from NSE include Titan Company which spiked 4 percent followed by Sun Pharma, Zee Entertainment, IOC and Bajaj Finance while the top losers included Bharti Infratel, BPCL, TCS, Bajaj Auto and Asian Paints.

The most active stocks were Reliance Industries, Titan Company, HDFC Bank, Bajaj Finance and Sun Pharma.

Bata India, Commercial Engineers & Body Builders, Proseed India and SPL Industries have hit new 52-week high on NSE in this morning session.

48 stocks have hit new 52-week low including names like Adhunik Metaliks, Bombay Rayon Fashions, GTL Infrastructure, Igarashi Motors, Mcnally Bharat Engineering, Ramkrishna Forgings, Rolta India, Sun Pharma Advanced Research Company and Zicom Electronic Security among others.

The breadth of the market favoured the advances with 1129 stocks advancing and 643 declining while 114 remained unchanged. On the BSE, 1152 stocks advanced, 480 declined and 97 remained unchanged.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

Source: moneycontrol.com

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