Nifty above 10,050 mark; Jubilant Foodworks, Yes Bank stocks gain

Equity benchmark indices are trading flat after the massive corrections and downfall seen during the last week. Today’s gains were led by SBI, HDFC twins, Yes Bank and ICICI Bank.

At 1:48 PM, the BSE Sensex was trading at 32,843, up 246 points, while the Nifty50 index was trading at 10,052, up 54 points.

The BSE Midcap and the BSE Smallcap indices up 0.33% and 0.25%, respectively.

On BSE Sensex, Oil and Gas Sector continues its downward trend and is the biggest losing index in today’s trade due to the rise in global crude oil prices. The large-cap companies like GAIL, Hindustan Petroleum, IOC and BPCL have dragged the index down. Only Reliance is trading marginally in green in this index. IOC’s 743,000 shares have already been traded till mid-day.

IT Sector has also slipped over 1% majorly contributed by two giants namely Infosys and Wipro. Infosys contributed 92 points while Wipro contributed 32 points out of the total fall by 143 points. Subex Ltd., a small cap company, is being traded at massive volumes of 1.5 million shares after recently the company appointed a new CEO.

The Consumer Durables Index has gained the most owing to Titan gaining 2.6% and contributing the most to the index. Titan has been on an upward trend for a week now gaining over 5% since March 19. Its 52-week high is 938 while 52-week low is 440.

Volatility index India VIX slipped 0.20% and is at 15.5125.

Yes Bank (+3%), SBI (+2.2%), Bajaj Finance (+1.5%), ICICI Bank (+1.2%) and Larsen and Toubro (+1%) were top gainers on Nifty50.

GAIL (-5%), Wipro (-4%), Hindustan Petroleum (-3.5%), Adani Ports (-2.2%) and Infosys (-2%) were the top losers in today’s trade.

Out of 2,024 stocks traded on Nifty, 562 advanced, 1,139 declined and 333 remained unchanged.

A total of 5 stocks registered a fresh 52-week high in trade today, while 229 stocks touched a new 52-week low on the NSE.

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