Tata Steel, HDFC Bank, Bajaj Financing and Kotak Mahindra Bank acquired over 1% each on BSEThe domestic stock exchange are firm in the afternoon session on the back of positive global cues.
At 2:20 pm, the Sensex was trading at 52,843.63, greater by 361.25 points or 0.68 per cent and Nifty was at 15,825.15, up 102.70 points or 0.65 percent.
The more comprehensive markets are likewise in the green, with the BSE Midcap and BSE Smallcap indices gaining 0.2 percent and 0.8 percent respectively.In the currency markets, the rupee reinforced by 26 paise to 74.48 versus the US dollar on Monday, tracking a firm pattern in the equity markets.
At the interbank foreign exchange, the domestic unit opened at 74.51 versus the dollar and inched higher to 74.48, registering a gain of 26 paise over its previous close.On the IPO front, India Pesticides made a strong debut on the bourses.
The shares of the agrochemicals company listed at Rs 360, a premium of 21.62 per cent on the BSE versus the problem rate of Rs 296 and on the NSE, the shares noted at Rs 356.20, a premium of 20.34 per cent.On the stock-specific front, Tata Steel has actually soared by more than 1 per cent to top the gainers list on the BSE.
Monetary stocks are likewise seeing buying interest, with HDFC Bank, Bajaj Financing, Kotak Mahindra Bank and Bajaj Finserv increasing around a per cent each.On the other hand, choose IT and pharma stocks are trading weak.
In the IT space, Tech Mahindra, TCS and HCL Tech are trading lower by upto a per cent each.
And in the pharma space, Dr Reddy's and Sun Pharma have lost around half a per cent each.The BSE market breadth is strong.
Out of 3459 stocks traded on the BSE, there are 2,198 advancing stocks as versus 1,099 declines.