Saturday, 21 October, 2017

Sensex up 53 points; realty, healthcare stocks major gainers

Equities close lower ahead of macro-data release, earnings season kick-off (Roundup) Sensex surges 100 points, Nifty opens above 10000; Bharti Airtel, Sun Pharma GAIL up 1.5%
Sherri Watson | 12 October, 2017, 12:26

At 12.30 PM: Sensex was up by over 135 points or 0.43% at 31,969.81 while the wider Nifty was up by over 49 points or 0.49% at 10,033.80.

The equity benchmark indices Sensex and Nifty opened in the green, after closing lower yesterday.

"Sectorally, except IT and energy, all the sectors of broader market have closed in the negative". In the day's trade, the barometer 30-scrip sensitive index had touched a high of 32,098.46 points and a low of 31,769.40 points.

Among BSE sectoral indices, realty index gained the most by 1.11 per cent, followed by healthcare 0.87 per cent, metal 0.65 per cent and IT 0.64 per cent.

Vinod Nair, Head of Research, Geojit Financial Services, said: "The market failed to hold the opening positive momentum as profit booking emerged towards close due to cautiousness on tomorrow's (Thursday) CPI (Consumer Price Index) and IIP (Index of Industrial Production) data".

Stock of the country's largest software exporter, TCS, was trading higher by 0.83 per cent at Rs 2,521.15 ahead of its September quarterly earnings slated later in the day.

Indian shares opened modestly higher on Thursday after the Union Cabinet approved revision of pay scales for 7.51 lakh teachers in universities and the economic advisory council, formed by Prime Minister Narendra Modi last month, put to rest talks of fiscal stimulus to boost growth.

In the Sensex kitty, Sun Pharma topped the gainers list by climbing 2.42 per cent to Rs 538.50 after the company said it has received establishment inspection report (EIR) from the USA health regulator for its Dadra facility.

Other big movers were Lupin, Reliance Industries, NTPC, Hero MotoCorp, Tata Steel, Hindustan Unilever, M&M, Maruti Suzuki, Infosys and Bajaj Auto, advancing up to 1.08 per cent.