Sun Pharma, ICICI Bank, Axis Bank, HDFC and SBI have actually gained 0.6-2.6 per cent each on BSEThe domestic standard indices are trading firm in early afternoon, after a gap-up opening, due to purchasing interest Sun Pharma and financial heavyweights such as ICICI Bank, Axis Bank and HDFC.
At 12; 35 pm, the BSE Sensex was trading at 52,701.55, higher by 327.21 points or 0.63 per cent and the NSE Nifty was at 15,787.95, up 93.70 points or 0.60 per cent.The wider markets are trading combined; the BSE Midcap index has edged lower by 0.1 per cent, whereas the BSE Smallcap index has touched an all-time high of 26,154.05, up 0.3 per cent.In the currency markets, the rupee has actually strengthened by 14 paise to 74.44 versus the United States dollar in early trade, tracking a firm pattern in the domestic equity markets.
At the interbank forex, the domestic system opened at 74.49 versus the dollar, then inched higher to 74.44, signing up a gain of 14 paise over its previous close.On the stock-specific front, Sun Pharma has actually soared by 2.7 percent to Rs 687 to top the gainers list on the BSE.
Financial stocks are also trading firm, with ICICI Bank, Axis Bank, HDFC and SBI acquiring 0.6 per cent to 2.6 percent each on the BSE.
NTPC, Bajaj Car and Bharti Airtel are the other significant gainers among the Sensex pack.On the other hand, infotech stocks are selling the red ahead of the Infosys result on Wednesday.
HCL Tech, Tech Mahindra and Infosys have shed up to a percent each on the BSE.The BSE market breadth is positive.
Out of 3236 stocks traded on the BSE, there are 1,848 advancing stocks as against 1,237 declines.