Nifty grips 9900, Nifty Banks hits 24000 | Indian Share Market

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Nifty grips 9900, Nifty Banks hits 24000

The INDIA VIX is up 2.7% at 11.4. The S&P BSE Sensex is trading at 32,103 up 83 points, while Nifty is trading at 9908 down 22 points.

Nifty Bank for the first time ever touched its 24,000 level on Monday’s trade. Index heavyweights ICICI Bank and HDFC Bank are supporting the index to trade in 24,000 level.

BSE IT is the top gaining index in the morning session on Monday. It is up by 1.0% at 10153.80 Infosys is contributing majorly to the index gains and pulling it to higher levels.   Infosys is trading higher by 1.1% at Rs 982.80 per share on BSE.

Other stocks in the index viz. Wipro is up 5.13% at Rs 272.80 per share, Matek is up 4.2% at Rs 3.9% per share, Ramco Systems is up 3.1% at Rs 388.30 per share, Tanla Solution is up 2.h4% at Rs 38.00 per share.

Cement stocks during early Monday’s trade witnessed a surge in share prices as the demand for the cement sector is likely to pick up on account of benefits from GST.   Ambuja Cements was up 1.0% at Rs 264.65 per share, ACC was up by 1.0% at Rs 1,770.00 per share, Ultratech Cement was up 0.4% at Rs 4,235.50 per share.

At 10 AM, the S&P BSE Sensex is trading at 32,103 up 83 points, while Nifty is trading at 9908 up 22 points. A total of 36 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.   The BSE Mid-cap Index is trading up 0.10% at 14,925, while BSE Small-cap Index is trading up 0.03% at 15,913.

Some buying activity is seen in Finance, Healthcare and Industrials indices, while Realty, FMCG and Capital Goods indices are showing weakness on BSE.
Wipro, Adani Ports and ONGC are among the gainers, whereas GAIL, ITC and Aurobindo Pharma are losing on the NSE.   The INDIA VIX is up 2.7% at 11.4.

source: indiainfoline.com

 

 

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