Equity indices rise on supportive consumer durables, banking stocks
Mumbai: The key Indian equity indices traded in the positive territory on Monday afternoon supported by healthy buying in consumer duarbles, banking and capital goods stocks.
However, weakness in the major Asian indices limited the gains in the Indian market.
At 12.38 p.m., the wider Nifty50 on the National Stock Exchange (NSE) was trading at 10,831.30 points, up 63.65 points or 0.59 per cent from the previous close of 10,767.65 points.
The benchmark S&P BSE Sensex, which had opened at 35,472.59 points, traded at 35,635.80 points (12.41 p.m.) -- up 192.13 points, or 0.54 per cent -- from the previous closing level of 35,443.67 points.
So far, the index has touched an intra-day high of 35,653.96 points and a low of 35,471.07. The BSE market breadth was bullish with 1,600 advances against 841 declines.
The top gainers on the Sensex were Bharti Airtel, Adani Ports, Sun Pharma, Dr Reddy's Lab and ITC whereas Power Grid, Tata Steel, Hero MotoCorp, ONGC and ICICI Bank were the major losers.
On the NSE, Bharti Airtel, Bajaj Finance and UltraTech Cement were the highest gainers while Power Grid, UPL and HCL Technologies lost the most.