Mid-session: Sensex, Nifty hold early gains Analysis for Jul 21, 2014

Subscribe to GoodReturns

The markets continue to trade in the positive territory during the afternoon session, led by gains in Oil & Gas stocks. Among the individual stocks, Reliance Industries, Housing Development Finance Corporation, Maruti Suzuki India, Axis Bank, ICICI Bank up were among the notable gainers. Shares of Reliance Industries jumped over 2 per cent after company posted better-than-expected earnings for the first quarter.

At 12:21 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 25777.49 up by 135.93 points or by 0.53 per cent and NSE"s broad-based Nifty was at 7698.15 up by 34.25 points or by 0.45 per cent.

Asian stocks were a fraction firmer on Monday as investors set aside geopolitical concerns for the moment to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week.

The BSE MIDCAP was at 9355.02 up by 102.22 points or by 1.1 %, while the BSE SMLCAP was at 10317.91 up by 137.07 points or by 1.35 %.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2791, shares advanced were 1717 while 965 shares declined and 109 were unchanged.

Among the major gainers in the Sensex pack were Reliance Industries Ltd. (Rs. 1005.00,+2.90%), Housing Development Finance Corporation Ltd. (Rs. 998.30,+1.76%), Maruti Suzuki India Ltd. (Rs. 2560.05,+1.43%), Axis Bank Ltd. (Rs. 2022.90,+1.35%), ICICI Bank Ltd. (Rs. 1493.25,+1.09%), among others.

On the flip side Hindalco Industries Ltd. (Rs. 181.05,-1.90%), Infosys Ltd. (Rs. 3206.40,-1.44%), GAIL (India) Ltd. (Rs. 440.80,-1.01%), Wipro Ltd. (Rs. 543.00,-0.86%), Tata Power Company Ltd. (Rs. 104.90,-0.80%), were among notable losers on BSE. Among the thirteen sectoral indices on BSE, BSE Oil & Gas index was at 10897.25 up by 126.79 points or by 1.18%. Reliance Industries Ltd. (Rs. 1005.00,+2.90%), Castrol India Ltd. (Rs. 334.55,+1.10%),.

Meanwhile, BSE TECk index was at 5275.36 down by -10.2 points or by -0.19%. KPIT Technologies Ltd. (Rs. 178.05,-1.60%), Infosys Ltd. (Rs. 3206.40,-1.44%), Wipro Ltd. (Rs. 543.00,-0.86%), TV18 Broadcast Ltd. (Rs. 31.05,-0.80%), MphasiS Ltd. (Rs. 454.00,-0.79%),.

Story first published: Monday, July 21, 2014, 13:12 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'