Market Update: Sensex, Nifty rebound as realty stocks outperform; HDFC Bank up 1%; Cipla top Nifty gainer

The Indian equity market was trading on a positive note on Monday afternoon with the Nifty adding 33 points and was trading above the 10,500 mark at 10,513  while the Sensex was up 95 points or 0.28 percent.

Bank Nifty was up in the green led by HDFC Bank which was up over 1 percent followed by Kotak Mahindra Bank which gained 1.7 percent.

CNX Realty gained 1.6 percent led by Indiabulls Real Estate which jumped 6.5 percent while Prestige Estates was up 3.1 percent. DLF was the other stock which added 1.8 percent in the afternoon trade.

The Nifty Pharma index was also buzzing in the afternoon trade led by Cipla which was up 4 percent followed by Divis Labs, Lupin and Piramal Enterprises.

The top Nifty gainers included Cipla which was jumped 4 percent while Grasim Industries gained 2.5 percent. Hero MotoCorp and Indiabulls Housing Finance along with Kotak Mahindra Bank were the other gainers.

The most active Nifty stocks included Infosys while Tata Consultancy Services, Indiabulls Ventures, Dewan Housing Finance and Tata Motors were the other active stocks.

The top Nifty losers were Tata Motors which fell almost 5 percent followed by Infosys, Wipro, Vedanta and Axis Bank.

The top BSE gainers included Indiabulls Ventures which was up 20 percent followed by DCB Bank which jumped over 6 percent. Indiabulls Real Estate and Cipla were the other gainers.

UCO Bank, down over 8 percent, Vakrangee, Reliance Communications, Tata Motors and Chambal Fertilizer were the other BSE losers.

40 stocks hit fresh 52-week high including Ashok Leyland, Balkrishna Industries, Hindustan Unilever, Britannia Industries, Escorts, IndusInd Bank, Nestle, Kotak Mahindra Bank, VIP Industries and Pidilite Industries.

ABB, Gitanjali Gems, Idea Cellular, SRS and UCO Bank were some of the stocks which hit new 52-week low.