Sensex, Nifty trade mildly higher

Equity indices are now trading mildly higher after giving up gains in the last hour. HCL Tech, Tech Mahindra, TCS, Dr. Reddy's lead the gainers chart. Selling pressure is visible among all sectoral indices, except IT index.

At 11:16 AM, the BSE Sensex was trading at 33,776, up 73 points, while the broader Nifty50 was ruling at 10,375, up 15 points.

Metal, pharma and PSU banks are currently the top losers. In the broader market, the BSE Midcap and the BSE Smallcap indices rose 0.12% and 0.20% respectively.

Stocks of information technology companies rose today due to the positive outlook given by NASSCOM. The industry body said that export revenue in 2018-19 (Apr-Mar) will grow at 7-9%, driven by digital technologies.

Shares of Gitanjali Gems slumped for the sixth straight session and were locked in the 10% lower circuit of 27.40 rupees after reports said the company has intimated its employees about the company's closure.

Eros Intl surges, as RIL to acquire 5% stake in parent.

Biocon slumps on US FDA observations for Malaysia unit.

Tech Mahindra (+3.4%), HCL Tech (+2.5%), TCS (+1.9%), Dr. Reddy and Eicher Motors (+1.2%) were the top gainers on Nifty50.

Sun Pharma (-6%), Hindalco (-3.4%), BPCL (-2.4%), Bajaj Fin (-2.2%) and Tata Steel (-1.8%) were the top losers in today’s trade.

A total of 7 stocks registered a fresh 52-week high in trade today, while 38 stocks touched a new 52-week low on the NSE.


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