Sensex Trades Marginally Higher; Realty Stocks Top Gainers

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Benchmark indices were higher in trade as fears over the fate of the GST Bill and the impending rate hike in the US receded. This was after six straight days of drop on the Sensex and the Nifty.

Sensex Trades Marginally Higher; Realty Stocks Top Gainers
Indices
Sensex26,195.33Sensex Quote-35.33 [0.13%]
Nifty8,076.95Nifty Quote-9.85 [0.12%]
In fact, the Sensex is now very near to the lowest level of 2015 of 24,851 points seen on Sept 7, 2015. The Sensex was last trading 126 points higher at 25,159 points, while the Nifty was up 38 points.

Banking stocks saw some buying interest with State Bank of India among the gainers after reports that the company is looking to sell a stake in the NSE. Other banking stock gainers were Canara Bank, PNB and ICICI Bank.

Aurobindo Pharma saw its shares trading higher after the company received approval from the US health regulator to manufacture and market its oral contraceptive.

Midcap stocks saw some buying interest with stocks like IDBI Bank, TVS Motors, India Cements and Sail trading higher. Shares in realty companies saw buying interest after the Union Cabinet approved 20 major amendments to theReal Estate Regulatory Bill. It is believed that more investment could come into the sector. Unitech was up 3 per cent, while Sobha and Prestige were up 3 per cent each.

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Read more about: sensex, nifty, idbi bank, canara bank
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