All sectoral indices, barring IT, are trading in the green. Midcaps are trading strong, with the Nifty Midcap index up almost a percent.

Equity benchmarks continued to trade in the green, with the Nifty hovering above 10,950.

The Sensex is up 60.89 points or 0.17% at 36384.66, while the Nifty is up 23.90 points or 0.22% at 10960.80. The market breadth is narrow as 1003 shares have advanced, 788 shares declined, while 115 shares are unchanged.

Jul 17, 09:41 AM (IST)
Market Update: After witnessing a flat opening, benchmark indices have extended their gains, with the Sensex trading over 100 points higher, while the Nifty is well above 10,950.

The Sensex is up 107.68 points or 0.30% at 36431.45, while the Nifty is up 40.30 points or 0.37% at 10977.20. The market breadth is positive as 851 shares advanced, against a decline of 543 shares, while 79 shares are unchanged.

Shares of Tata Motors, Tata Steel, HPCL and GAIL were the top gainers, while HUL and NTPC have lost the most.

Jul 17, 09:30 AM (IST)
Buzzing stock: Shares of Ashok Leyland were trading over 2 percent higher in the morning trade on Tuesday ahead of its June quarter earnings announcement.

The stock touched an intraday high of Rs 128.45 and an intraday low of Rs 125.00.

Gaining from a continued surge in demand across categories, and last year’s lower base, domestic commercial vehicle manufacturer Ashok Leyland will likely post a threefold rise in its bottom line for the June quarter.

According a Reuters poll of 15 analysts, the Chennai-based truck and bus maker’s net profit is seen rising 220 percent year on year to Rs 356.3 crore for the quarter under review. The company’s financials for the June quarter included those of Hinduja Foundaries, which merged with Ashok Leyland during the December quarter last year.

source: moneycontrol.com