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D-Street Buzz: Nifty Energy gains led by Power Grid; Tata Motors jumps 5%, HUL hits new 52-week high

17 December, 2018 7:14 AM
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D-Street Buzz: Nifty Energy gains led by Power Grid; Tata Motors jumps 5%, HUL hits new 52-week high

The breadth of the market favoured the advances with 989 stocks advancing and 693 declining while 393 remained unchanged. On the BSE, 1290 stocks advanced, 1037 declined and 148 remained unchanged.

The Indian stock market has extended the morning gains in the Monday afternoon session with the Nifty50 up 57 points, trading at 10,862 while the Sensex gained 250 points and is trading at 36,213.

Nifty Energy was up over a percent led by Reliance Industries, Indian Oil Corporation and GAIL India.

Metal stocks continued to shine led by Hindustan Copper, Hindalco Industries, Jindal Steel &Â Power, JSW Steel, MOIL, NALCO, SAIL, Tata Steel and Vedanta.

However, IT stocks were weak dragged by Tata Elxsi, Infosys, Oracle Financial, Mindtree and HCL Tech.

The top gainer from NSE include Tata Motors which jumped 4 percent followed by Power Grid, Vedanta, ICICI Bank and NTPC while the top losers included Kotak Mahindra Bank, Bajaj Finserv, Indiabulls Housing Finance, Infosys and Hero MotoCorp.

The most active stocks were Kotak Mahindra Bank, YES Bank, Vedanta, ICICI Bank and Maruti Suzuki.

Hindustan Unilever, Ircon International, PVR, GMM Pfaudler, Proseed India and Vinati Organics have hit new 52-week high on NSE in this morning session.

27 stocks have hit new 52-week low including names like Adhunik Metaliks, Amtek Auto, Healthcare Global Enterprises, IL&FS Transportation Networks, Rolta India, and Visesh Infotecnics among others.

The breadth of the market favoured the advances with 989 stocks advancing and 693 declining while 393 remained unchanged. On the BSE, 1290 stocks advanced, 1037 declined and 148 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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