Hindalco, Tata Steel, HDFC Bank and ICICI Bank have actually included 1-2 per cent each on BSEThe benchmark indices are strong in afternoon trading, albeit off the highs of the day, led by purchasing interest in select metal and banking stocks.
At 1:30 pm, the BSE Sensex was trading at 48,749.55, greater by 367.33 points or 0.77 percent and the NSE Nifty was at 14,597.33, up 110.75 points or 0.77 percent.
The wider markets are likewise trading strong; the BSE Midcap index has actually acquired 0.7 per cent and BSE Smallcap index has added 1.2 per cent.All the BSE sectoral indices are selling the green, with the exception of the pharma space.Meanwhile, the rupee is trading greater by 13 paise at 74.59 per dollar amidst purchasing in equities.
It had actually opened higher by 5 paise at 74.67 per dollar against previous close of 74.72.
On the stock-specific front, Hindalco was the leading gainer amongst Sensex shares, soaring 4.7 percent to Rs 365.
Tata Steel also acquired over 2 per cent.
Banking stocks were likewise having a great session of trade, with HDFC Bank, IndusInd Bank and ICICI Bank getting 1-2 per cent each on the BSE.
Index behemoth Reliance Industries tightened by 2.2 per cent.Maruti Suzuki shares were trading marginally higher, up 0.2 percent at Rs 6,652, ahead of March quarter earnings.On the other side, HDFC Life, Kotak Mahindra Bank, Nestle India and Cipla shed 1-3 per cent each on the BSE.The BSE market breadth was strong.
Out of 2,972 stocks traded on the BSE, there were 1829 advancing stocks as against 975 declines.