Equity benchmark indices remain bullish since morning and it extended rally in the afternoon session amid healthy buying witnessed in the IT sector. Apart from that, the auto index is also gaining traction as the festive season is near.
Bharat Forge was the top gainer on the auto index soaring by 5.2%. The stock has also touched a new 52-week high of Rs833.80 per piece earlier today. Followed by Tata Motors and Amara Raja Batteries followed rising by 2% and 1.8% respectively.
The Nifty Media snapped a two-day losing trend and rose 1.65% to 1,711.35. The index lost 2.94% in the past two days. Jagran Prakashan (up 4.29%), Dish TV India (up 2.53%), Zee Entertainment Enterprises (ZEEL) (up 2.29%), Network18 Media & Investments (up 2.09%) and PVR (up 1.98%) were the major gainers in the Media segment.
Nifty IT, PSU Bank, and Media stocks rise further to drive Thursday’s trade while Pharma, Health Care stocks, and Consumer Durables stocks are under pressure in today’s trade.
The S&P BSE Sensex and Nifty 50 hit new record levels ahead of monthly retail inflation data due later in the day.
In the broader market, the S&P BSE Mid-Cap index rose 0.65% while the S&P BSE Small-Cap index gained 1.72%.
The market breadth was strong on the BSE, 2,262 shares rose and 806 shares fell. A total of 122 shares were unchanged.
Power Grid, Tech Mahindra, Tata Steel, Tata Motors, Larsen & Turbo, and Hindalco are the Divis Lab are the top gainers. Eicher Motors, IndusInd Bank, ONGC, Dr Reddy’s, and Axis Bank are the top losers.
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